Examlex
When the interest rate on a bond is above the equilibrium interest rate,in the bond market there is excess ________ and the interest rate will ________.
Put Option
A financial contract giving the option holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.
Fair Value Hedge
A hedge that protects against changes in the fair value of assets, liabilities, or firm commitments through the use of a derivative.
British Pounds
The currency of the United Kingdom, also known as GBP, which is one of the world's major currencies.
Foreign Exchange Gain
A profit resulting from changes in exchange rates affecting the value of investments or transactions in foreign currencies.
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