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An interest rate floor in currency swaps sets _____. a. a minimum rate on floating interest rate payments b. a maximum rate on floating interest

An interest rate floor in currency swaps sets _____.

a. a minimum rate on floating interest rate payments

b. a maximum rate on floating interest rate payments

c. a maximum rate on fixed interest rate payments

d. a minimum rate on fixed interest rate payments

e. none of the answers are correct

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