A transaction between two parties in which the first party promises to make a payment to the second party. The second party, in turn, promises to make a simultaneous payment to the first party.
(a) swap
(b) available-for-sale securities
(c) spot price
(d) held-to-maturity securities
Ans: (a) swap
Business
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Some favorite Web sites usually cover these things news, weather, and sporting events
a. colon b. comma c. no additional mark
Business
Banker's Acceptances are closely affiliated with international transaction rather than domestic ones. Describe and provide an example of how this market works and why there is a need for the instrument
What will be an ideal response?
Business