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    Question

    In a currency swap, the principal and interest payments

    are:
    A Exchanged only once Correct Answer Incorrect Answer
    B Exchanged in the same currency Correct Answer Incorrect Answer
    C Exchanged at maturity Correct Answer Incorrect Answer
    D Exchanged in different currencies periodically Correct Answer Incorrect Answer
    E Not exchanged at all Correct Answer Incorrect Answer

    Solution

    Currency swaps involve exchanging principal and interest in different currencies at agreed intervals.

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