A swap a. is not traded on an organized exchange and is customized to meet the needs of the parties. b. is not traded on an organized exchange and is subject to formal regulations which results in standardized contrasts c. is traded on an organized exchange and is subject to formal regulations which results in standardized contrasts. d. is traded on an organized exchange and is customized to meet the needs of the parties.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A swap

a.

is not traded on an organized exchange and is customized to meet the needs of the parties.

b.

is not traded on an organized exchange and is subject to formal regulations which results in standardized contrasts

c.

is traded on an organized exchange and is subject to formal regulations which results in standardized contrasts.

d.

is traded on an organized exchange and is customized to meet the needs of the parties.

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