__________ swap is an agreement between two parties to exchange interest payments for a specific maturity in an agreed upon notional amount.
A)interest rate
B)currency
C)bond
D)currency bond

Question

Quizplus · Accepted Answer

An interest rate swap involves two parties exchanging interest payments for a specific maturity in an agreed upon notional amount, making it the best choice. Currency swaps involve exchanging one currency for another, bond swaps involve exchanging bonds, and currency bond swaps involve exchanging a mix of both currency and bonds.

__________ Swap Is an Agreement Between Two Parties to Exchange