题目内容
A firm entering into a currency or interest rate swap agreement retains ultimate responsibility for the timely servicing of its own debt obligations.
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Swap transactions among commercial banks involve the conversion of one currency to another at one point with an agreement to reconvert it back into the original currency at some point in the future.
A firm enters into a swap agreement to pay euros and receive U.S. dollars. If the euro appreciates the firm will record a loss on the swap for accounting purposes.
A firm enters into an agreement to ________ British pounds and ________ U.S. dollars. If the dollar appreciates vs. the pound the firm will realize an accounting profit on the swap transaction.
________ are NOT one of the three categories reported for foreign exchange.
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