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Swap (finance)

society Maturity 11-13

A swap is a deal between two groups. They trade things like money or rates. This helps them manage their costs. Big banks do these swaps. It can help them plan for the future.

Vanilla interest rate swap with bank.png
Vanilla interest rate swap with bank.png
Do you like to trade things with friends?

48 words
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File:Vanilla interest rate swap with bank.png
Vanilla interest rate swap with bank.png
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📚 Content adapted from Wikipedia | Readability: FK 12.9 | Vital Level 5