A currency swap is
A) the informal name bankers give to the exchange rate.
B) an exchange of the expected future returns on debt instruments denominated in different currencies.
C) an agreement by one government to provide aid to another government in the form of a loan denominated in the recipient's currency.
D) an agreement to buy and sell a specified amount of foreign currency at a specified future date.
Correct Answer:
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A)currency accepted for deposit
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Q36: The Riegle-Neal Act of 1994
A)subjected foreign banks
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Q38: The International Banking Act of 1978
A)equalized deposit
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