Financial Risk Manager Part 2
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Q-78. The cross-currency swap basis is the:
A
Interest rate differential in a cross-currency swap.
B
Price to the long position in a cross-currency swap.
C
Difference between the forward and spot exchange rates in a cross-currency swap.
D
Amount by which the interest rate of one currency must be adjusted in a cross-currency swap so that covered interest parity (CIP) holds.