A Swap Arrangement Where the Floating Payment Is the Average

question 38

Multiple Choice

A swap arrangement where the floating payment is the average cash rate over the swap term is called:

• A)a credit default swap
• B)a fixed-for-floating interest rate swap
• C)an overnight indexed swap
• D)a currency swap
• E)a plain vanilla interest rate swap.

---

Definitions:

BRCA1 And BRCA2

Genes that produce tumor suppressor proteins, mutations of which are associated with a higher risk of breast and ovarian cancer.

Deviated

Moved away from a usual or expected course, often used in medical contexts such as a deviated septum in the nose.

Linear Striae

Long, thin lines or bands that can appear on the skin due to stretching, often associated with rapid growth or weight gain.

Asymmetry

Lack of equality or equivalence between parts or aspects of something; not symmetrical.