The Notional Amount Is Never Exchanged in an Interest Rate

question 53

True/False

The notional amount is never exchanged in an interest rate swap.

---

Definitions:

Office Hours

Designated times set by educators during which they are available to meet with students to discuss course material or concerns.

Adjunct

An additional or auxiliary component, often referring to part-time or temporary positions, especially in teaching roles.

Letter of Recommendation

A letter written by a person who knows the job or academic candidate and can vouch for their abilities and character.

Provost

A senior administrative officer in certain educational institutions, typically responsible for academic affairs.