[CFA level 1模拟真题]Version 4 Questions－Q47 face, agreement, exchange, private, between

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Q47. A private agreement between two parties to exchange a series of future cash flows, with at least one of the two series of cash flows determined by a later outcome, is best characterized as a(n):

A.      swap

B.      futures contract

C.      exchange-traded contingent claim.

D.     Over- the counter contingent claim.

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答案和详解如下：

Q47.   A  Study Session 1.7-73-b

A swap is equivalent to a series of forward contracts.

LEEFEI571

选A

水模样

a

jungle1009

see[em01]

47dx

d

vivian1022

a

fantasy_ln

see

technet

a

ondesert

a