1.principal components analysis that the most common yield curve shift is best represented as a_______

A. An equal shift of all points. B. A shift of all points in the same direction.

C.A tilting of the yield curve. D.a bowing of the yield curve

2. The impact of a modest downward shift in interest rates for an inverse floater is likely to be:_______

A. A large increase in value. B.a small increase in value. C. Insignificant difference. D. A large decrease in value.

3.which one about vanilla IR swaps is false?___________

A. A initiation the fixed leg including principal values at par

B. The fixed payer will profit from rising interest rates.

C. A spread is applied to the floating rate to make the swap fair.

D. No upfront payments are made at initiation.