Question 59.59. Metalgesellschaft lost about $1.3 billion doing what? (Points : 1)

hedging short-term commitments with long-term options using crude oil futures options to hedge crude oil futures trading futures spreads on crude oil hedging fixed rate oil price commitments with swaptions none of the above

Question 60.60. "Independent risk management" means which of the following? (Points : 1)

that risk management of a firm is independent of its overall corporate policy decisions that the risk management function is provided by an outside consulting firm that the risk manager cannot be influenced by the traders that the risk manager is independent of the firm's senior managers none of the above

Question 61.61. End users are all of the following types of organizations except? (Points : 1)

investment funds non-financial corporations governments financial institutions none of the above