FINANCIAL DERIVATIVES
Swaps Swaps are private agreements between two parties to exchange cash flows in the future according to a prearranged formula. They can be regarded as portfolios of forward contracts. The two commonly used swaps are interest rate swaps and currency swaps. 1. Interest rate swaps: These involve swapping only the interest related cash flows
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Refrigeration and Air Conditioning
www.iare.ac.inbeings or animals or for the proper performance of some industrial or scientific process. The precise meaning of air conditioning can be given as the process of simultaneous control of temperature, humidity, cleanliness and air motion. In some applications, even the control of air pressure falls under the purview of air conditioning.
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www.iare.ac.inMass density r is the mass of the fluid per unit volume (given by Eq.L1.1) Unit- Dimension- Typical values: water- 1000 kg/ Air- at standard pressure and temperature (STP) Specific weight, w: - As we express a mass M has a weight W=Mg . The specific weight of the fluid can be defined similarly as its weight per unit volume. L-2.1 Unit:
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