Principle of comparative advantage based problem
Question: Why are interest rate swaps based upon the principle of comparative advantage? The response must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.
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Explain why an interest rate swap is a useful tool for active liability management and for hedging against interest rate risk.
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Why are interest rate swaps based upon the principle of comparative advantage?
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