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If July Bank has more rate-sensitive assets than rate-sensitive liabilities in a horizon, this bankcan reduce interest-rate risk with a swap which requires itself to

If July Bank has more rate-sensitive assets than rate-sensitive liabilities in a horizon, this bank can reduce interest-rate risk with a swap which requires itself to _____________ in that horizon.

a) pay a fixed rate while receiving a floating rate

b) receive a fixed rate while paying a floating rate

c) both receive and pay a fixed rate

d) both receive and pay a floating rate

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