The fixed-rate payer in a swap contract pays a
A) current capital market rate.
B) capital market rate minus one percentage point.
C) capital market rate plus one percentage point.
D) capital market rate plus a premium based on creditworthiness.
D
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Pension funds ________
A) acquire access to funds by accepting deposits then using these monies to lend to households and firms B) raise funds by selling commercial paper then lend these funds to consumers C) are a special type of mutual fund D) acquire access to monies through the payment of premiums by employees
In 2017, about what percentage of total income was earned by the poorest fifth of all U.S. households?
A. 12 percent B. 6 percent C. 3 percent D. 1 percent
Workers and firms both expect that prices will be 2.5% higher next year than they are this year. As a result
A) workers will be willing to take lower wages next year, but not lower than a 2.5 percent decrease. B) the purchasing power of wages will rise if wages increase by 2.5%. C) the short-run aggregate supply curve will shift to the left as wages increase. D) aggregate demand will increase by 2.5%.
The ________ in the United States is set at three times the cost of the Department of Agriculture's minimum food budget.
A. official poverty line B. cost of living C. minimum wage D. Medicare threshold