If homeowners purchased a $250,000 home with a zero-down, interest-only mortgage, and the value of the home subsequently fell to $200,000, the homeowners' equity in the home would be approximately

An advantage of a swap over futures and options is that

A) they can be written for long periods. B) they are more liquid. C) they carry less default risk. D) there is no need to assess the creditworthiness of participants.

Do changes in relative inflation rates affect the value of a nation’s currency?

What will be an ideal response?