Difference between interest rate swap and currency swap, Financial Accounting

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Difference between interest rate swap and currency swap

Response to the following questions:

1. What is a swap?

2. What is the difference between an interest rate swap and a currency swap?

3. Which party is the swap buyer and which is the swap seller in a swap transaction?

If possible, please give examples to better understand your response.

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Financial Accounting: Difference between interest rate swap and currency swap

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Financial Accounting: Difference between interest rate swap and currency swap

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