货币银行学 章节题库 ch14.pdfVIP

ECON320 Chapter 14 Practice Test Professor C. James Hueng 1) A tool for managing interest rate risk that requires exchange of payment streams is a A) macro hedge. B) futures contract. C) swap. D) forward contract. E) micro hedge. 2) A financial contract that obligates one party to exchange a set of payments it owns for another set of payments owned by another party is called a A) hedge. B) swap. C) call option. D) put option. 3) A swap that involves the exchange of one set of interest payments for another set of interest payments is called a(n) A) currency swap. B) national swap. C) swaptions. D) interest rate swap. 4) If Second National Bank has more rate-sensitive assets than rate-sensitive liabilities, it can reduce interest rate risk with a swap that requires Second National to A) receive fixed rate while paying floating rate. B) both receive and pay fixed rate. C) pay fixed rate while receiving floating rate. D) both receive and pay floating rate. 5) If Second National Bank has more rate-sensitive liabilities then rate-sensitive assets, it can reduce interest rate risk with a swap that requires Second National to A) pay fixed rate while receiving floating rate. B) receive fixed rate while paying floating rate. C) both receive and pay fixed rate. D) both receive and pay floating rate. 6) If a bank has more rate-sensitive assets than rate-sensitive liabilities A) it reduces interest rate risk by swapping rate-sensitive income for fixed rate income.