- CFA Exams
- CFA Level I Exam
- Study Session 12. Fixed Income (1)
- Reading 32. The Term Structure and Interest Rate Dynamics
- Subject 4. The Swap Curve (LIBOR Curve)
CFA Practice Question
Wholesale banks are MOST LIKELY to use the ______ to value their own assets and liabilities.
A. Treasury yield curve
B. Treasury spot curve
C. Swap curve
Explanation: Wholesale banks hedge many items on their balance sheet with swaps.
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