You Would Like the Right to Purchase an Interest Rate

question 54

Multiple Choice

You would like the right to purchase an interest rate cap in the future. To obtain this right, you should purchase a:

• A) floor.
• B) swap.
• C) caption.
• D) collar.
• E) hat.

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Definitions:

Service

Intangible activities or benefits provided to consumers, including assistance, experience, or access, that satisfy a need or want.

Online

Pertaining to activities, transactions, or services carried out over the Internet or connected to being accessible or available through the internet.

Social Media

Websites and applications that enable users to create and share content or to participate in social networking.

Mobile Media

Content or advertising delivered through mobile devices, such as smartphones and tablets, often leveraging apps and mobile websites.