1. Which of these markets have seen an increase in standardization in recent years (but had little or no standardization before)?

• A. Swaps
• B. Forwards
• C. Futures
• D. (A) and (B)
• E. (B) and (C)
• F. All of the above

2. Trust Bank has fixed rate assets and variable rate liabilities. Which swap contract position would reduce their interest rate risk the most?

• A. Become a "neutral" swap party (making mix of fixed and floating rate payments)
• B. Become a swap seller (making floating-rate payments)
• C. They don't need a swap as they don't face interest rate risk
• D. Become a swap buyer (making fixed-rate payments)