Which of the follwoing is true about a swap? a is not traded on an organized exchange and is customized to meet the needs of the parties b. is not traded on an organized exchange and is subject to formal regulations which results in standardized contrasts c. is traded on an organized exchange and is subject to formal regulations which results in standardized contrasts. d. is traded on an organized exchange and is customized to meet the needs of the parties.
Which of the follwoing is true about a swap? a is not traded on an organized exchange and is customized to meet the needs of the parties b. is not traded on an organized exchange and is subject to formal regulations which results in standardized contrasts c. is traded on an organized exchange and is subject to formal regulations which results in standardized contrasts. d. is traded on an organized exchange and is customized to meet the needs of the parties.
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
Section: Chapter Questions
Problem 23MCQ
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Question
Which of the follwoing is true about a swap?
a |
is not traded on an organized exchange and is customized to meet the needs of the parties |
b. |
is not traded on an organized exchange and is subject to formal regulations which results in standardized contrasts |
c. |
is traded on an organized exchange and is subject to formal regulations which results in standardized contrasts. |
d. |
is traded on an organized exchange and is customized to meet the needs of the parties. |
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