Which of A) Through D) Is NOT TRUE of a Swap

question 13

Multiple Choice

Which of a) through d) is NOT TRUE of a swap if the principal amounts are in the same currency?

• A) The notional principal is exchanged.
• B) The swap is an interest rate swap.
• C) The principal amount is used to calculate the interest payments.
• D) Only the difference check between the two interest payments is exchanged.
• E) All of the above are true.

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