Just curious to get other people’s thoughts on this workbook of questions. while some questions are nice, I find a lot of them to be utterly ridiculous nitpicking nonsense.
True or False: At any point in the life of a forward contract, the PV of the contract represents the current credit risk to the party with the positive market value.
Answer: False. It represents *potential* credit risk. Not *current* credit.
There are so many in here that are just gotcha-word-choice, rather than actual learning material.