24-15 Currency swaps can be designed to reduce foreign exchange risk.

Name: 24-15 Currency swaps can be designed to reduce foreign exchange risk.
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Question

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Currency swaps involve exchanging one currency for another at an agreed-upon exchange rate for a specified period of time. This can help reduce foreign exchange risk by locking in a fixed exchange rate, preventing the risk of fluctuation in currency values.

24-15 Currency Swaps Can Be Designed to Reduce Foreign Exchange