swap line
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
An arrangement between central banks to exchange currencies in order to provide liquidity.
The Federal Reserve extended dollar swap lines to calm the funding squeeze abroad.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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