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Question
Municipal securities issued for periods up to three years are considered:a. Long term.
b. Intermediate term.
c. Short term.
d. All of the above.
e. None of the above.
Answer
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Related questions
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Outside of the U.S. inflation-indexed bonds are known as:a. TIPS.b. HICPS.c. Indexers.d. Linkers.e. None of the above.
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The coupon rate on a floating-rate note may be:a. LIBOR.b. A stated margin.c. The bid on LIBOR.d. A spread over LIBID.e. The arithmetic average of LIBOR and LIBID.
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Explain the different types of external and internal credit enhancements.
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If the Swiss franc price of the dollar increases:a. The Swiss franc appreciated.b. The dollar appreciated.c. The Swiss franc depreciated.d. b and c only.e. None of the above.
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An indirect quote is the:a. Number of units of foreign currency needed to acquire one unit of the local currency.b. Number of units of local currency needed to acquire one unit of the foreign currency.c. Reciprocal of a direct quote.d. a and c only.e. None of the above.
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In an interest rate swap, the position of the floating-rate payer is equivalent to a:a. Long position in a fixed-rate bond and a short position in a floating rate bond.b. Long position in a floating-rate bond and a short position in a fixed-rate bond.c. Long position in a fixed-rate bond and a long position in a floating rate bond.d. Short position in a fixed rate bond and a long position in a floating rate bond.e. None of the above.
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Commercial banks and investment banks customize for their clients interest rate contracts that are useful for:a. Index arbitrage.b. Controlling risk.c. Taking positions in markets.d. b and c only.e. None of the above.
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