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Q6. Which of the following is an advantage of the swaps market over the futures markets? The:
A) credit risk of the contract.
B) ability to hedge over long time horizons.
C) liquidity of the contract.
Q7. Which of the following is NOT a likely motivation today for entering into a swap agreement?
A) Maintain privacy.
B) Avoid costly regulation.
C) Exploit perceived market inefficiencies.
Q8. The motivation for swap agreements would be:
A) the reduction of transactions costs.
B) guaranteed performance on the contracts for all parties.
C) the reduction of business risk.
Q9. Which of the following choices is generally NOT part of a plain-vanilla swap transaction?
A) Exchange of notional amount.
B) Tenor.
C) Swap facilitator.
Q10. Which of the following characteristics about swaps is least accurate? Swaps:
A) have no active secondary market.
B) are custom instruments.
C) are highly regulated.
Q11. Which of the following regarding a plain vanilla interest rate swap is most accurate?
A) Only the net interest payments are made.
B) The notional principal is swapped.
C) The notional principal is returned at the end of the swap.
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发表于 2009-3-2 11:09
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