The acronym CIRCUS stands for

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The acronym CIRCUS stands for

A. Current Interest Rate Swap

B. Circular Currency Swap

C. Combined Income Range Currency Swap

D. Combined Interest Rate and Currency Swap

Answer: Option D

Solution (By Examveda Team)

The acronym CIRCUS stands for Combined Interest Rate and Currency Swap. A Circus Swap is a common Forex transaction that's a combination of an interest rate swap and a currency swap in which a fixed-rate loan in one currency is swapped for a floating-rate loan in another currency.

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