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Basic Question 8 of 9
The buyer and the seller of a CDS exchange the ______ of a specific issuer.
B. interest rate risk or market risk
C. liquidity risk
A. credit risk
B. interest rate risk or market risk
C. liquidity risk
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe credit default swaps (CDS), single-name and index CDS, and the parameters that define a given CDS product;
CFA® 2025 Level II Curriculum, Volume 4, Module 30.