A contact in which parties agree to exchange a future set of cash flows is best described as a(n):
A) swap contract.
B) futures contract.
C) options contract.
D) forward contract.

Name: A contact in which parties agree to exchange a future set of cash flows is best described as a(n): A) swap contract. B) futures contract. C) options contract. D) forward contract.
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Question

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A swap contract involves parties agreeing to exchange a series of future cash flows, typically involving interest rates or currencies.

A Contact in Which Parties Agree to Exchange a Future