An Interest Rate Swap That Obligates Traders to Enter a Swap

question 47

Multiple Choice

An interest rate swap that obligates traders to enter a swap at some date in the future,with terms agreed today,is a:

• A) term swap.
• B) forward swap.
• C) flexible swap.
• D) long swap.

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Definitions:

Union Organizing Tactic

Strategies and methods used by labor unions to encourage and assist workers in forming or joining a union to represent their interests.

Gissel Bargaining Order

A legal order issued by the National Labor Relations Board that requires an employer to bargain with a union when majority support has been presumably achieved but undermined by unfair labor practices.

Featherbedding

A labor practice where unions require employers to hire more workers than necessary for a particular task, often to protect jobs.

Single Unionism

A labor relations approach where only one union represents all workers within a workplace or industry, which aims to streamline negotiation processes and reduce inter-union competition.