Floating for floating currency swaps
A)the reference rates are different for the different currencies: e.g. dollar LIBOR versus euro LIBOR.
B)do not exist.
C)offer the swap bank a built-in hedge.
D)none of the above

Question

Quizplus · Accepted Answer

In floating-for-floating currency swaps, the reference rates are indeed different for the different currencies involved, such as dollar LIBOR for USD and euro LIBOR for EUR.

Floating for Floating Currency Swaps