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CHEM 111 Study Guide for Exam 1: Chapters 1-Chapter 1: Atoms. Understand the difference among solids, liquids and gases. Understand the composition of matter: elements, compounds, mixtures, etc. Understand the law of conservation of mass, the law of definite proportions, and the law of multiple proportions. Understand the structure of atoms.
Swaps may be used to hedge against adverse interest rate movements or to achieve a desired balanced between fixed and variable rate debt. Interest rate swaps allow both counterparties to benefit from the interest payment exchange by obtaining better borrowing rates than they are offered by a bank.
