Which Statement Regarding Entering into or Ending a Swap Contract

question 11

Multiple Choice

Which statement regarding entering into or ending a swap contract is INCORRECT?

• A) A swap may be initiated by a phone-based conversation or direct negotiation.
• B) A swap may be initialed via a web-based trading platform.
• C) A swap may be initiated by running an auction to select counterparties.
• D) A swap,once entered,must be held until maturity.
• E) A swap may be closed through a buyout.

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Definitions:

Anti-racist

A stance or policy involving the active opposition to racism and the promotion of racial tolerance and equality.

White Supremacist

An individual who believes in the superiority of the white race over others and typically seeks to assert or maintain white dominance in society.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture, emphasizing the idea that there are no universal standards of cultural superiority or inferiority.

Superior

Relating to someone or something that exhibits excellence or higher quality in comparison to others within a specific context or general hierarchy.