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For a financial institution, a good way to think about an interest rate swap is to: Match receive - type with type of liabilities and

For a financial institution, a good way to think about an interest rate swap is to:
Match receive-type with type of liabilities and match pay-type with type of assets
Both receive and pay have to be of the same type to perfectly hedge the risk of an interest rate swap
Match receive-type with type of assets and match pay-type with type of liabilities
Doesnt really matter, either would work perfectly

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