In a LIBOR-In-Arrears Swap, Which of the Following Is True

question 5

Multiple Choice

In a LIBOR-in-arrears swap, which of the following is true?

• A) The floating payment made on a date is the LIBOR rate on the previous payment date
• B) The floating payment on a date is the LIBOR rate two payment dates ago
• C) The floating payment on a date is the LIBOR rate on that date
• D) The floating payment on a date is the LIBOR rate on that date only when it is higher than the LIBOR rate on the previous payment date

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Definitions:

Mesencephalon

Also known as the midbrain, it is a portion of the brainstem involved in vision, hearing, motor control, sleep/wake, arousal, and temperature regulation.

Tectum

Roof (area above the ventricle) of the midbrain; its functions are sensory processing, particularly visual and auditory, and the production of orienting movements.

Tegmentum

The tegmentum is a part of the brainstem involved in movement and arousal; it helps regulate many basic functions of life including awareness, and the modulation of pain.

Glial Cells

In the nervous systems, both central and peripheral, there exist cells that are not neurons but serve to protect and support neuronal cells.