A Banker Who Is Paying a Fixed 6% Rate on CDs

question 8

Multiple Choice

A banker who is paying a fixed 6% rate on CDs for the next two years, and is afraid interest rates may go down on new loans, may hedge this exposure with interest rate swaps by:

• A)swapping a fixed rate for a variable rate.
• B)swapping a variable rate for a fixed rate.
• C)swapping short-term exposure for long-term exposure.
• D)swapping long-term exposure for short-term exposure.

Recognize the differences in rights between public and private sector unionized employees.

Comprehend the effectiveness and legality of picketing.

Understand the role of statutes in the employment relationship and their objectives.

Determine the legality and implications of workplace surveillance and privacy concerns.