ACI
3I0-012 · Question #174
3I0-012 Question #174: Real Exam Question with Answer & Explanation
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Question
An interest rate swap (IRS) is:
Options
- AA contract to exchange one stream of interest payments for another
- BA temporary exchange of one deposit for another of a longer maturity in the same currency
- CA forward-forward contract
- DA contract to exchange an interest rate stream in one currency for another one in a different currency
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