Learning is ________
A) an internal state that drives us to satisfy needs
B) the process by which people select, organize, and interpret information from the outside world
C) a change in behavior caused by information or experience
D) a lasting evaluation of a person, object, or issue
E) the set of unique psychological characteristics that consistently influence the way a person responds to situations in the environment
C
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Joint Venture resembles a _____________ and is taxed like a partnership. Most courts apply the same principles to joint ventures as partnerships. Owe each other fiduciary duties.
Fill in the blank(s) with the appropriate word(s).
If a tranche spread is 55 basis points and the fixed coupon is 60 basis points, which of the following happens when a trader buys protection?
A. The trader pays an estimate of the present value of 5 basis points per year and then pays 55 basis points per year B. The trader pays an estimate of the present value of 5 basis points per year and then pays 60 basis points per year C. The trader receives an estimate of the present value of 5 basis points per year and then pays 55 basis points per year D. The trader receives an estimate of the present value of 5 basis points per year and then pays 60 basis points per year