When an investment bank guarantees an issuer of new securities a certain price it is acting as a(n)

A foreign exchange swap

A) is a spot sale of a currency. B) is a forward repurchase of the currency. C) is a spot sale of a currency combined with a forward repurchase of the currency. D) is a spot sale of a currency combined with a forward sale of the currency. E) make up a negligible proportion of all foreign exchange trading.

Cost-benefit analysis does not employ interpersonal utility calculations

a. True b. False