An Interest Rate Swap Is Essentially a Series of Forward

question 93

True/False

An interest rate swap is essentially a series of forward contracts on interest rates.

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Definitions:

Variable-Ratio Schedule

In operant conditioning, a reinforcement schedule that reinforces a response after an unpredictable number of responses.

Intermittent Reinforcement

A learning process in which a response is rewarded only part of the time, leading to more resilient behaviors.

Resistance To Extinction

The ability of learned behaviors to persist despite a lack of reinforcement or rewards.

Delayed Reinforcement

The presentation of a reward or punishment after a time delay following the desired or undesired behavior.