Q26
The acronym CIRCUS stands for
A.
Current Interest Rate Swap
B.
Circular Currency Swap
C.
Combined Income Range Currency Swap
D.
Combined Interest Rate and Currency Swap
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The acronym CIRCUS stands for Combined Interest Rate and Currency Swap. A Circus Swap is a common Forex transaction that's a combination of an interest rate swap and a currency swap in which a fixed-rate loan in one currency is swapped for a floating-rate loan in another currency.