Question: 7. Interest rate caps, floors, and collars 1. 2. 3. STEP: 1 of 3 The type of interest rate derivative that offers payments in periods

 7. Interest rate caps, floors, and collars 1. 2. 3. STEP:

7. Interest rate caps, floors, and collars 1. 2. 3. STEP: 1 of 3 The type of interest rate derivative that offers payments in periods when the specific interest rate index falls below a specific interest rate is called an): Interest rate floor Plain vanilla swap O Interest rate collar Interest rate cap

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