A/an ________ Is a Contract to Lock in Today Interest

question 19

Multiple Choice

A/an ________ is a contract to lock in today interest rates over a given period of time.

• A) forward rate agreement
• B) interest rate future
• C) interest rate swap
• D) none of the above

---

Definitions:

Decisive Direction

Clear and firm guidance or instructions on what action to take or decision to make.

Shift Responsibility

The act of transferring accountability or duties from one party to another.

Competencies

A mix of skills, knowledge, and abilities that an individual possesses which are necessary for effective performance in a job or task.

Traits Or Skills

Characteristics or competencies that are inherent or developed, influencing an individual's ability to perform.