The Type of Swap Most Closely Linked to the Subprime

question 5

Multiple Choice

The type of swap most closely linked to the subprime mortgage crisis is the ________.

• A)interest rate swap
• B)currency swap
• C)equity linked swap
• D)credit default swap
• E)DIF swap

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Definitions:

Unions

Organizations formed by workers to protect their rights and interests, including negotiating wages and working conditions with employers.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, initially founded in 1886.

Predecessor

An entity or person that came before another in a specific role or position.

Jurisdictional Dispute

A dispute involving two or more unions over which should represent the workers in a particular shop or plant.