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How could a U.S. firm with revenues related to the ongoing selling of goods to a U.K. purchaser, and denominated in British pounds, use a
How could a U.S. firm with revenues related to the ongoing selling of goods to a U.K. purchaser, and denominated in British pounds, use a foreign currency swap to reduce their foreign exchange risk?
Answer: Enter into a swap in which the firm receives _________ and pays __________
(Simply put a single currency symbol is each blank or, alternatively, simply put the abbreviation GBP or USD in each blank)
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