ACI
3I0-012 · Question #419
3I0-012 Question #419: Real Exam Question with Answer & Explanation
The correct answer is B. Pays compensation if a reference interest rate falls below an agreed level. See the full explanation below for the reasoning.
Question
The seller of a floor:
Options
- AReceives compensation if a reference interest rate falls below an agreed level
- BPays compensation if a reference interest rate falls below an agreed level
- CReceives compensation if a reference interest rate rises above an agreed level
- DPays compensation if a reference interest rate rises above an agreed level
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