问题
单项选择题
In an equity swap:（）
A. settlement is made only at swap termination.
B. returns on an index can be swapped for fixed-rate payments.
C. returns on two equities are swapped, at each settlement date.
答案
参考答案：B
解析：
Equity swaps involve one party paying the return or total return on a stock or index periodically in exchange for a fixed return.