A Currency Swap Has More Counterparty Risk Than an Interest-Rate

question 23

Multiple Choice

A currency swap has more counterparty risk than an interest-rate swap because

• A)Unlike an interest rate swap,the counterparties are usually in different countries,making the swap vulnerable to different legal systems.
• B)Unlike an interest rate swap,the currency swap also involves an exchange and re-exchange of principal amounts,making the swap vulnerable to movements in exchange rates.
• C)Foreign exchange markets have more credit risk than interest rate markets.
• D)Each counterparty is less likely to default in its home currency than in a foreign currency.

Explain the concept of immunity, including active and passive immunity.

Apply principles of sterilization and recognize practices that lead to contamination.

Identify the properties and appropriate uses of disinfectants and antiseptics.

Perform effective hand hygiene techniques.

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Definitions:

Unknown Date

A reference to a specific date that is not specified or known.

Reconstituted Medications

Medicines that are in powder form and need to be mixed with a liquid before being administered.

Shelf Life

The length of time for which an item remains usable, fit for consumption, or saleable.

Ampicillin Sodium

A sodium salt form of ampicillin, a broad-spectrum penicillin antibiotic used to treat various bacterial infections.