A advantage of using swaps to hedge interest-rate risk is that swaps
A) are less costly than futures.
B) can be written for long horizons.
C) are not subject to default risk.
D) are more liquid than futures.
B
Economics
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The actions produced by arm muscles but NOT by leg muscles are __________.
Fill in the blank(s) with the appropriate word(s).
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Expectations are adaptive in ________
A) traditional Keynesian models B) the Lucas Model C) new Keynesian theory D) the real business cycle model
Economics