You currently have a variable$-$rate mortgage, and want a fixed$-$rate mortgage instead.

Which derivative would you use to do this, without having to sell your home?

$($A$)$ Forward.

$($B$)$ Put option.

$($C$)$ Swap.

$($D$)$ Call option.

Which of the following is NOT a feature of a currency board?

$($A$)$ It holds interest$-$bearing bonds in the anchor currency.

$($B$)$ Commercial banks are obligated to maintain $100$ percent coverage of their liabilities

in the form of reserves.

$($C$)$ Liabilities include the notes and coins that the currency board issues.

$($D$)$ A central bank is not required.