问题
单项选择题
Which of the following statements involving a plain vanilla interest rate swap is least accurate In a plain interest rate swap, the:（）
A. parties generally agree to swap the notional principal.
B. parties involved in the swap agreement are called counterparties.
C. counterparty that wants variable-rate interest agrees to pay fixed-rate interest and is called the pay-fixed side of the swap.
答案
参考答案：A
解析：
The notional principal is the dollar amount specified in the swap agreement. The counterparties use the notional principal to determine the amount of the interest payments. They generally do not exchange the notional principal.