(Choose 1 answer)
The two types of trade, intertemporal and pure asset swap perfect substitutes, because
A. are not; asset swapping never relates to intertemporal trade
B. could possibly be; different economic states occur at different points in time
C. are not; asset swapping is immediate and involves only assets, while intertemporal trade takes two time periods and involves both assets and goods/services
D. are; they both offer considerable payoff and are equal in the long run
E. are; they both involve the smoothing out of now and future consumption
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