问题
单项选择题
A private agreement between two parties to exchange a series of future cash flows, with at least one of the two series of cash flows determined by a later outcome, is best characterized as a (n) :
A．
| A. swap. |
B．
| B. futures contract. |
C．
| C. over-the-counter contingent claim. |
答案
参考答案：A
解析：A swap is equivalent to a series of forward contracts.