问题
单项选择题
A long interest rate call and a short interest rate put is an equivalent position to:（）
A. a short position in a forward rate agreement.
B. a pay-fixed interest rate swap.
C. a long position in a forward rate agreement.
答案
参考答案：C
解析：
A long call and short put on interest rates is equivalent to a long position in a forward rate agreement. Both gain when forward rates increase and decline in value when interest rates decrease.
