问题 单项选择题

Which of the following statements is FALSE()

A. In a currency swap, the notional principal is actually swapped twice, once at the beginning of the swap and again at the termination of the swap. 

B. The time frame of a swap is called its tenor.

C. In a currency swap, only net interest payments are made.

答案

参考答案:C

解析:

In a currency swap, payments are not netted. Because they are made in different currencies, full interest payments are made, and the notional principal is also exchanged.

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