36.Explain how a yield curve inversion affects banks.

(2 Points)

37.Explain the incentive for complying with GIPS if it is voluntary.

(2 Points)

38.The right to purchase an asset before a specific date is known as:

(1 Point)

39.Assume it is January 1. A client needs a loan on May 1 that would expire in November. Describe the appropriate FRA and explain why both the buyer and seller of the FRA would agree to the contract.

(3 Points)

40.An exchange traded agreement to buy or sell an asset at a specific date in the future is known as:

(1 Point)