Interest Rate Swaps Are __________ Structured Than Futures and Options

question 71

Multiple Choice

Interest rate swaps are __________ structured than futures and options contracts.

• A)usually less
• B)usually more
• C)always more
• D)Never less

---

Definitions:

Contra-Revenue

An account on a company's income statement that deducts from gross revenue to arrive at net revenue, including returns, allowances, and discounts.

Bad Debts Expense

This represents the cost associated with accounts receivable that a company deems uncollectible and writes off as a loss.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including material and labor costs.

Income Statement

An income statement is a financial statement that reports a company's financial performance over a specific accounting period, detailing revenues and expenses to show net profit or loss.