A swap that is used to evade the risk of exchange rate exists because of currency mismatching is classified as __________?

Correct answer: C. currency swaps

  • A. floating swaps
  • B. fixed swaps
  • C. currency swaps
  • D. notion swaps

Explanation

A currency swap exchanges cash flows denominated in different currencies, helping parties manage exchange-rate exposure caused by currency mismatching. Floating and fixed describe payment terms, not the currency-risk purpose itself.

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