A shortcoming of swaps that has led to the domination of the swaps market by large firms and financial institutions is
A) the lack of privacy.
B) need to assess creditworthiness.
C) desire for more flexibility.
D) limited size of the market.
B
Economics
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The effect of an exchange rate system on the price level between countries is that:
A) exchange rate volatility causes the prices to converge between countries. B) a fixed exchange rate results in price convergence. C) a fixed exchange rate results in price divergence. D) all member nations of the ERM saw a divergence in prices.
Economics
Refer to Figure 7-3. What is the value of revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?
A) $12 million B) $17.25 million C) $20 million D) $44 million
Economics