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A non-deliverable forward contract is designed not be delivered at expiration, since its terms don't match the actual need. It is, therefore, conceptually similar to

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A non-deliverable forward contract is designed not be delivered at expiration, since its terms don't match the actual need. It is, therefore, conceptually similar to a(n): Credit default swap American style put option American style call option O Interest rate swap O Futures contract European style put option European style call option

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