The Main Users of Swaps Are

question 23

Multiple Choice

The main users of swaps are:

• A)households
• B)small business
• C)large companies
• D)banks
• E)the Commonwealth government.

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Definitions:

Gift Causa Mortis

A gift that is made in contemplation of one’s immediate death.

Contemplation

The action of looking thoughtfully at something for a long time or thinking about something deeply.

Probate

The judicial process in which a will is proven in a court of law to be valid or invalid, and the legal process of administering the estate of a deceased person.

Bailment Contract

An agreement where personal property is transferred from the bailor to the bailee for a specific purpose, with the expectation of return.