Match each type of lending institution to its description.

1 answer:

4 0

Credit union - provides credit only to the organization’s members

Payday lender - offers short-term credit at very high interest rates

Consumer finance company - typically provides credit for purchasing items on an installment basis

Bank - provides credit for a wide variety of purposes and periods of time.

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A futures contract on a 30 day Eurodollar time deposit is currently selling at an IMM index of 95.75 percent. The IMM index on a

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Answer:

Basis risk for the future contract is 0.65%

Explanation:

Basis risk is the difference in spot price and future price of an hedged asset. It is the difference between the price price of an hedged asset and price of the asset serving as the hedge.

Basis risk = Futures price of contract − Spot price of hedged asset

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Basis risk = 95.75% - 95.10%

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