A Ten Year Interest Rate Cap Has Quarterly Resets

question 2

Multiple Choice

A ten year interest rate cap has quarterly resets. How many caplets does the cap consist of?

• A) 38
• B) 39
• C) 40
• D) 41

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Definitions:

Savings

Money set aside for future use rather than spent immediately, often in a bank or other financial institution.

Educational Standards

Established criteria to measure the effectiveness of curriculum, teaching, and student learning in schools.

Military Spending

Government expenditure on defense forces and activities, including salaries, equipment, and facilities.

Productivity Growth

The rate at which the efficiency of production increases, often measured by the output per unit of labor input over time.