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creativ13 [48]
1 year ago
6

Party a has agreed to exchange $1 million u.s. for $1.02 million canadian. what is this agreement called?

Business
1 answer:
Mrrafil [7]1 year ago
3 0

Party A has agreed to exchange $1 million U.S. dollars for1.21 million Canadian dollars. This agreement is called a swap.

<h3>What is swap?</h3>

An agreement for a financial exchange known as a "swap" calls for one of the two parties to commit to making a given number of payments at a specified frequency in exchange for the other party making a different set of payments. These flows often react to interest payments based on the swap's nominal amount.

<h3>What is the advantage of swap contract?</h3>

Through the use of swap, one can gain access to new financial markets for funding by analyzing the comparative advantage that the other party has in that market. As a result, exchange fully utilizes the comparative advantage that parties possess. As a result, money can be collected at a lower cost from the best source available.

Learn more about Swap: brainly.com/question/14990076

#SPJ4

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3.55 years

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$735,000

Explanation:

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Charged off as bad debt canceled by credit grantor. True or False
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<h2>TRUE!</h2>
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