Q695
A simultaneous purchase and sale of foreign exchange for two different dates
A.
currency devalue
B.
currency swap
AnswerC.
currency valuation
D.
currency exchange
Answer: Option B
Solution
Answer: Option B
Solution:
A simultaneous purchase and sale of foreign exchange for two different dates currency swap. A currency swap is an agreement in which two parties exchange the principal amount of a loan and the interest in one currency for the principal and interest in another currency.