Mentor home loans Back Office Operations Executive Interview Questions and Answers

Derivatives are financial contracts that derive their value from an underlying asset or security.

• Derivatives can be used for hedging or speculation.

• Examples include futures contracts, options contracts, and swaps.

• Futures contracts allow parties to agree on a price for an asset at a future date.

• Options contracts give the holder the right, but not the obligation, to buy or sell an asset at a certain price.

• Swaps involve e...read more

2.5% of 6400 is 160.

• To find 2.5% of a number, divide the number by 40.

• So, 6400 divided by 40 is 160.