Match the Description with the Appropriate Texture

question 61

Multiple Choice

Match the description with the appropriate texture.
-________ rock has two or more, distinctly different-sized populations of mineral grains

• A)aphanitic
• B)porphyritic
• C)phaneritic
• D)glass

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Definitions:

Fair Value Hedge

A hedge that is used to mitigate the risk of changes in the fair value of an asset or liability or an unidentified portion of such an asset or liability.

Fair Market Value

An estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.

Interest Rate Swap

A financial derivative contract whereby two parties exchange interest rate cash flows, often swapping a fixed rate for a floating rate, or vice versa, to manage exposure to interest rate fluctuations.

Fixed-rate Debt

A type of debt instrument where the interest rate remains constant throughout the life of the borrowing.