Which of the Following Is an Appropriate Definition of a Currency

Multiple Choice

Which of the following is an appropriate definition of a currency swap?

A) A swap used to hedge against exchange rate risk from mismatched currencies on assets and liabilities.
B) A swap used to hedge against the general depreciation of a currency.
C) A swap used to hedge against the general appreciation of a currency.
D) A swap used to speculate on the depreciation or appreciation of a currency.