Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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