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Which of the following is least likely to be TRUE with respect to swaps? A. Swaps have little or no regulation B. Swaps are traded

Which of the following is least likely to be TRUE with respect to swaps?

A. Swaps have little or no regulation

B. Swaps are traded over the counter

C. Swaps can be used for the purpose of speculation

D. Swaps can be used to minimize default risk

E. Swaps can be used for hedging purposes.

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