Question 47 (1 point) Prior to the credit crisis that started in 2007, which of the following was used by derivatives traders for the discount rate when derivatives were valued? 1) The Treasury rate 2) The LIBOR rate 3) The repo rate 4) The overnight indexed swap rate Question 48 (1 point) Since the credit crisis that started in 2007, which of the following have derivatives traders used as the risk-free discount rate for collateralized transactions? 18 1) The Treasury rate 2) The LIBOR rate 3) The repo rate 4) The overnight indexed swap rate Question 49 (1 point) Which of the following is true? 1) OIS rates are less than the corresponding LIBOR/swap rates. 2) OIS rates are greater than corresponding LIBOR/swap rates. O3) ois rates are sometimes greater and sometimes less than LIBOR/swap rates. | 4) ois rates are equivalent to one-day LIBOR rates. Question 50 (1 point) Which of the following is approximately true? 1) FVA can be calculated from the initial value of a derivative. 2) FVA can be calculated on a transaction-by-transaction basis without considering the whole portfolio of derivatives a dealer has with a counterparty. 3) FVA should theoretically depend on a dealer's funding cost. a 4) None of the above