Classified as contractual savings financial institutions

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Reference no: EM132023899

1. You own a bond that has a duration of 6 years. Interest rates are currently 7%, but you believe the Fed is about to increase interest rates by 30 basis points. Your predicted price change on this bond is ________. (Select the closest answer.)

a. +1.68%

b. –1.68%

c. –5.61%

d. +5.61%

2. Credit unions are classified as _________ institutions, while pension funds are classified as contractual savings financial institutions.

A. Deposit-type

B. Contractual savings

C. Federal agency

D. Mutual fund

Reference no: EM132023899

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