In a 'Plain Vanilla' Swap,the Variable Reference Rate Is Generally

question 34

Multiple Choice

In a 'plain vanilla' swap,the variable reference rate is generally the:

• A) bank bill swap rate
• B) 90-day dealer bill rate
• C) 180-day dealer bill rate
• D) 5 -year bond yield

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Definitions:

Treble Damages

A form of punitive damages awarded in a legal case that are three times the amount of actual compensatory damages.

Civil Actions

Legal proceedings initiated by individuals or entities (aside from the state) to seek relief or damages from another party.

Sherman Act

A foundational antitrust law in the United States aimed at promoting competition and restricting monopolistic practices.

Price Fixing

An illegal agreement among competitors to control prices, usually aimed at increasing prices or reducing competition in the market.