A Callable Swap Gives the ____ Payer the Right to Terminate

question 45

Multiple Choice

A callable swap gives the ____ payer the right to terminate the swap; the MNC would exercise this right if interest rates ____ substantially.

• A)floating-rate; rise
• B)floating-rate; fall
• C)fixed-rate; rise
• D)fixed-rate; fall
• E)none of the above

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Definitions:

Velocity

The speed of an object in a specific direction.

PaaS

Platform as a Service, a cloud computing model that provides a platform allowing customers to develop, run, and manage applications without dealing with the complexity of building and maintaining the infrastructure.

IaaS

Infrastructure as a Service is a model of cloud computing that delivers virtual computing resources via the internet.

Cloud-Based

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