An Interest Rate ____ Is a Combination of a Cap

question 74

Multiple Choice

An interest rate ____ is a combination of a cap and a floor.

• A) Swap
• B) FRA
• C) LIBOR
• D) Collar
• E) None of the above

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Definitions:

Contractors' Liability Insurance

Insurance coverage that protects contractors against claims arising from injuries or damages to other people or property during the construction process.

Injuries

Harm or damage incurred or suffered by a person’s body, property, rights, or reputation, typically due to someone else’s negligence or unlawful action.

Liability

A legal obligation or responsibility for the outcome of actions or for the debts of another.

Term-Life Insurance

Life insurance that provides coverage for a specified term.