问题
单项选择题
Which of the following statements about notional principal in plain vanilla interest rate swaps is least accurate Notional principal:()
A. is not exchanged by the counterparties.
B. is determined by the counterparties.
C. is used to calculate the fixed rate interest payment ; the swap’s market value is used to calculate the floating rate payment.
答案
参考答案：C
解析：
The notional amount is used to calculate both the fixed and the floating rate payment streams.