1. Which of the following is the best term to describe an exchange of a fixed interest payment for a floating interest payment?. Single choice.

A. Forward rate agreement

B. Interest rate future

C. Swap

D. Repo

2.

Which of the following does NOT take place in the front office of an investment bank?. Single choice.

A. Strategy

B. Client Fund management

C. Financing of Client Corporate actions

D. Mergers & acquisitions Advice

3.

An employee of an investment bank makes a mistake entering data onto a trade ticket and costs the bank $1 million. What kind of risk is this an example of?. Single choice.

A. Market

B. Reputational

C. Systemic

D. Operational

Please answer all these 3!!!