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Which of the following is/are True? (A) Swaps are used for financial engineering (B) Swaps are traded in exchange-traded markets without financial intermediaries (C) Swaps

Which of the following is/are True?

(A) Swaps are used for financial engineering

(B) Swaps are traded in exchange-traded markets without financial intermediaries

(C) Swaps are based on the principle of competitive advantage

(D) All of the above

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