Asked by
Ibrahim Alshowaier
on Nov 06, 2024
Verified
Interest rate swaps are commonly used in business.
Interest Rate Swaps
Financial derivatives contracts in which two parties exchange interest rate payments, typically one fixed rate for one floating rate, on a specific nominal amount.
- Understand the function and characteristics of swap contracts within financial markets.
Verified Answer
JZ
Learning Objectives
- Understand the function and characteristics of swap contracts within financial markets.
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