If a Broker Refers to "The Payer of 5- Year

question 23

Multiple Choice

If a broker refers to "the payer of 5- year euro at 4.12", what is this party doing?

• A) Paying a fixed rate of 4.12% per annum on a 30/360
• B) Paying a fixed rate of 4.12% per annum on an actua
• C) Paying a 5-year euro deposit and receiving a rate
• D) Taking a 5-year euro deposit and paying a rate of

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Definitions:

Poverty

The state of having insufficient financial resources or income to meet basic needs such as food, shelter, and clothing, resulting in a lower standard of living.

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