Question

Which ofthe following terms is used in Banking Field 7
1) Interest Rate Swap
2) Input Devices
3) Sedimentary
4) Zero Hour
5) Privilege Motion

Answer 1

Hey !!!!
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Right answer is 1) Interest Rate Swap.
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Plzz mark it as brainliest

Answer 2

Interest rate swap is used in banking field.

Explanation:

• Interest Rate Swap is an 'agreement among two parties' (banks/businesses) to exchange the interest payments.

• In this method, the principal amount will not be exchanged, only the interest rate will be swapped or exchanged.

• It turns the interest on a variable rate loan into a fixed cost.

• It is often called a plain vanilla swap.

• It helps to manage exposure to fluctuations in interest rates.

• There are 3 various 'types of interest rate swaps' including 'fixed to floating', 'floating to fixed' and 'float to float'.

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