Question
A swap is... 1. the price of foreign currency for immediate delivery 2. a contract giving you the right (but not the obligation) to buy
A swap is...
1. the price of foreign currency for immediate delivery
2. a contract giving you the right (but not the obligation) to buy foreign currency at some future date for a given strike price
3. the price of foreign currency for delivery at some date in the future
4. an agreement to buy (sell) foreign currency and reverse the transaction at some future date
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
