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:

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.

Accrued Paid Sick Leave

Paid sick leave that an employee has earned over time but has not yet used.

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions.

Labor-Management Relations Act

A U.S. law, also known as the Taft-Hartley Act, that restricts the activities and power of labor unions.