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Which of the following statements is false? Select one: A. Currency swaps can be structured through entering two interest rate swaps. B. Interest rate swaps

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Which of the following statements is false? Select one: A. Currency swaps can be structured through entering two interest rate swaps. B. Interest rate swaps are increasingly used by corporations. C. Credit default swaps provide insurance to bondholders. D. Swaps are now standardized products offered by banks. E. Foreign exchange swaps refer to exchanging cash flows of bonds denominated in different currencies

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