The exchange of debt-service obligations denominated in one currency for the service on an agreed-upon principal amount of debt denominated in another currency is known

The exchange of debt-service obligations denominated in one currency for the service on an agreed-upon principal amount of debt denominated in another currency is known



A. a currency swap
B. an interest rate swap
C. a floating-rate bond
D. a fixed-rate bond


Answer: A. a currency swap


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