- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 26. The Term Structure and Interest Rate Dynamics
- Subject 3. The Swap Rate Curve and the Swap Spread
CFA Practice Question
Retail banks are MOST LIKELY to use the ______ to value their own assets and liabilities.
B. Treasury spot curve
C. Swap curve
A. Treasury yield curve
B. Treasury spot curve
C. Swap curve
Correct Answer: B
They normally have little exposure to the swap market.
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