When two parties agree to swap payments based on different currencies, this type of swap is called:
A) Interest rate swap.
B) Equity swap.
C) Currency swap.
D) Interest rate-equity swap.
E) None of the above.

Question

Quizplus · Accepted Answer

Currency swap involves two parties exchanging payments in different currencies, typically to take advantage of more favorable loan rates in the local currency of each party.

When Two Parties Agree to Swap Payments Based on Different