Which of the following refers to the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates?
A) currency pairing
B) carry trade
C) currency exchange
D) currency swap

Question

Quizplus · Accepted Answer

Swaps are transacted between international businesses and their banks, between banks, and between governments when it is desirable to move out of one currency into another for a limited period without incurring foreign exchange risk.

Which of the Following Refers to the Simultaneous Purchase and Sale