The History of Swaps Did NOT Involve the Following

question 20

Multiple Choice

The history of swaps did NOT involve the following:

• A) the introduction of new swap contracts
• B) an ability to warehouse swap contracts
• C) a shift from a dealership market to a brokerage business
• D) the founding of the ISDA and the standardization of contracts
• E) the use of technology and the automation of trading

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Definitions:

Contra

Against or in opposition to a particular argument or claim.

Add

In the context of mathematics or logic, to perform the operation of addition, which is the process of combining two or more quantities.

UI

Stands for User Interface, which is the means by which user interacts with a machine, software or device.

Simp

A term colloquially used to describe someone who demonstrates excessive sympathy or attention towards another person, often with little regard for reciprocation.