An arrangement which enables firms to exchange currencies at periodic intervals is called a

Question

Quizplus · Accepted Answer

A currency swap is an arrangement in which two firms agree to exchange currencies at periodic intervals. This allows each firm to get access to the currency they need for their business operations and can be used to manage currency risk. The other options (B-D) are not correct as they refer to different types of swaps that do not involve currency exchange.

An Arrangement Which Enables Firms to Exchange Currencies at Periodic