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    Exam 24: Hedging with Financial Derivatives
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    Intermediaries Are Active in the Swap Markets Because
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Intermediaries Are Active in the Swap Markets Because

Question 59

Question 59

Multiple Choice

Intermediaries are active in the swap markets because


A) they increase liquidity.
B) they reduce default risk.
C) they reduce search cost.
D) all of the above are true.

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