A Shortcoming of Swaps That Has Led to the Domination

question 84

Multiple Choice

A shortcoming of swaps that has led to the domination of the swaps market by large firms and financial institutions is

• A)the lack of privacy.
• B)need to assess creditworthiness.
• C)desire for more flexibility.
• D)limited size of the market.

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Definitions:

General Journal

A primary accounting record where all types of financial transactions are initially recorded in chronological order before being posted to specific accounts in the general ledger.

Cash Receipts Journal

A specific financial journal used in accounting to record all cash inflows to a business.

Sales Journal

A specialized accounting ledger that records all sales transactions of a business, typically for goods or services on credit.

Cash Receipts Journal

A specialized accounting journal used to keep track of all cash inflows or receipts of a business.