问题
单项选择题
A swap is best characterized as a()
A. series of forward contracts.
B. derivative contract that has not gained widespread popularity.
C. contract that is binding on only one of the parties to the transaction.
答案
参考答案：A
解析：
A swap is most like a series of forward contracts. An example is a swap in which one party makes a set of fixed-rate payments over time in exchange for a set of floating-rate payments based on some notional amount.