What is the term for the conditional mean of the probability distribution of future spot rates?
A) the expected swap rate
B) the future exchange rate
C) the outright rate
D) the expected future spot rate
Answer: D
Business
You might also like to view...
Which of the following is true of PMI?
a. It is required on all loans b. It is required for VA and FHA loans c. The PMI disclosures are the same for fixed- and adjustable-rate loans d. Loan servicers must give borrowers an annual disclosure stating that they may have the right to cancel their PMI
Business
When using the three-step writing process, how much of the available writing time should be set aside for the actual writing?
A) 15 percent B) 25 percent C) 45 percent D) 65 percent E) 85 percent
Business