Multiple Choice
A 'floating rate' means:
A) an interest rate that is indexed to the exchange rate.
B) a variable interest rate such as the bank bill rate.
C) an interest rate swap.
D) an interest rate that is outside the control of the Reserve Bank.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q36: Assume a fund manager holds B. Then
Q37: A comparative advantage swap arises when:<br>A) two
Q38: In the infamous Barings Bank disaster, the
Q39: An instrument that involves the exchange with
Q40: The growth of derivatives:<br>A) in recent years
Q42: In a bill futures contract, the buyer's
Q43: Any long- term rate can be created
Q44: We can get gold six months from
Q45: Forward rate agreements (FRAs) are:<br>A) ET interest
Q46: The main advantage of fixed- rate derivatives