Which Is Warren Buffett's Test for Ethics

question 213

Multiple Choice

Which is Warren Buffett's test for ethics?

• A) The Categorical Imperative
• B) The Front-Page-of-the-Newspaper test
• C) The Wall Street Journal model
• D) Ethical Egoism
• E) None of the above

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Definitions:

Swaps

Financial derivatives where two parties exchange financial instruments or cash flows.

Gilts

Government bonds issued by the United Kingdom, considered low-risk investments since they are backed by the British government.

Unbiased Forward Rates

Interest rates or currency exchange rates that are equal to the expected future spot rates, implying no arbitrage opportunities.

Exchange Rate

The exchange rate reflecting the value of one currency compared to another.