An investor makes the following statements:
| Statement 1 | "Swaps are contingent claims." |
|-------------|-------------------------------|
| Statement 2 | "Swaps are characterized by a series of cash flows." |
Which of the statements is correct? | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
Chartered Financial Analyst Level 1
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An investor makes the following statements:
Statement 1
"Swaps are contingent claims."
Statement 2
"Swaps are characterized by a series of cash flows."