A Credit Default Swap Is an Ordinary Swap That Is

question 31

True/False

A credit default swap is an ordinary swap that is subject to default.

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Definitions:

Independent Drivers Guild (IDG)

An organization that represents the interests of independent contractor drivers, particularly those connected with ride-sharing companies.

Wagner Act

A foundational piece of US labor legislation passed in 1935, formally known as the National Labor Relations Act, that protects the rights of employees to organize and to bargain collectively.

Collective Bargaining

A good faith meeting between representatives of employees and employers to discuss the terms and conditions of employment.

Taft-Hartley Act

A 1947 U.S. federal law that restricts the activities and power of labor unions.