A(n) ________ is used to move out of one currency and into another for a limited period without incurring foreign exchange risk.

Name: A(n) ________ is used to move out of one currency and into another for a limited period without incurring foreign exchange risk.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

A currency swap is a financial instrument that allows two parties to exchange principal and interest in different currencies, effectively hedging against foreign exchange risk for a specified period.

A(n) ________ Is Used to Move Out of One Currency