Which of the following is NOT considered a reason for using the swaps market To:()
A. reduce transactions costs and obtain cheaper financing.
B. exploit market inefficiencies.
C. maintain privacy.
参考答案:B
解析:
Historically, the two basic motivations for swaps were to exploit market inefficiencies and attempt to achieve cheaper financing. Today, the swaps market has matured and now offers few arbitrage opportunities to exploit market inefficiencies. In addition to seeking cheaper financing, current reasons for using swaps include reducing transactions costs, avoiding costly regulations, and maintaining privacy.