When a financial institution hedges the interest-rate risk for a specific asset, the hedge is called a ________
A) macro hedge
B) micro hedge
C) cross hedge
D) futures hedge
B
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What would be the effect on the accounting equation of the following transaction? J. Thigpen invested equipment in her personal fitness business
a. Increase Cash b. Increase Equipment c. Decrease J. Thigpen, Capital d. Decrease Cash
Systems that allow customers to purchase products and have them delivered in different ways are called ______.
A. multichannel business systems B. multichannel marketing systems C. single-channel marketing systems D. multichannel buying systems
Under U.S. GAAP, sometimes a firm sells or otherwise disposes of a major division or segment of its business during the year or contemplates its sale or disposal within a foreseeable time after the end of the accounting period. If so, it must disclose separately any income, gains, and losses related to that division or segment. The separate disclosure appears in the
a. income from continuing operations. b. income, gains, and losses from discontinued operations. c. extraordinary gains and losses. d. retained earnings. e. paid-in-capital.
Firms cannot apply the fair value option to derivatives
Indicate whether the statement is true or false