1)Which of the following is true of an International Swaps and Derivatives Association (ISDA) Master Agreement?

a.The schedule is an integral part of the master agreement because it lists the ISDA standardized items and general terms and conditions

b.Parties wishing to end a master agreement simply let the agreement expire at the end of its term

c.When a master agreement is signed it governs all related transactions between the parties that occurred before the signing

d.Because the master agreements are standardized and commonly accepted, negotiating a master agreement using this contract is simple and low risk