Customers are not always able to tell you what products they want
Indicate whether the statement is true or false
TRUE
Business
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If the exchange rate quotes in two different countries were out of line with each other, an
enterprising trader could make a profit by buying in the market where the currency was cheaper and simultaneously selling it in the market where the currency was more expensive. Such a person would be known as a(n) A) cross trader. B) capitalist. C) arbitrageur. D) spot trader.
Business
An interest rate cap allows the buyer of the cap to be compensated if interest rates rise above a reference rate. The buyer has to pay a periodic premium to obtain this protection
When an RMBS transaction has a pool of floating-rate loans, what type of protections does an interest rate cap provide?
Business