A credit default swap is
A. a fancy term for a low-risk bond.
B. an insurance policy on the default risk of a federal government bond or loan.
C. an insurance policy on the default risk of a corporate bond or loan.
D. an insurance policy on the default risk of federal government and corporate bonds and loans.
E. None of the options are correct.
D. an insurance policy on the default risk of federal government and corporate bonds and loans.
A credit default swap is an insurance policy on the default risk of federal government and corporate bonds and loans
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Which of the following is not a requirement of a company's external auditors under SarbanesÂOxley?
a. They must give an opinion that management's assessment that the internal control system over financial reporting is fairly stated. b. They must give an opinion that the company maintained an effective internal control system over financial reporting. c. They must design and implement an effective information system design. d. They cannot perform any brokerage services for the company.
Use this information to answer the following question. Gross payroll $16,000 Federal income taxes withheld $1,800 Social security and Medicare rate 7.65% Federal unemployment tax rate .8% State unemployment tax rate 5.4% Payroll Taxes and Benefits Expense would be recorded for
a. $1,224. b. $2,216. c. $4,016. d. $992.
The salary paid to the assembly line supervisor would normally be classified as:
A. Direct labor. B. A period cost. C. Indirect labor. D. A general cost. E. An assembly cost.
Automobile recalls
a. are administered by the National Highway Traffic Safety Commission. b. may be mandated. c. may be voluntary. d. all of the above