Multiple Choice
A ________ can be viewed as a package of FRAs. In fact, an FRA can be viewed as a special case of a swap in which there ________.
A) swap; is only one settlement date.
B) forward contract; is at least one settlement date.
C) futures contract; is only one settlement date.
D) swap; are two settlement dates.
Correct Answer:

Verified
Correct Answer:
Verified
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