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Question
Which of the following statements is NOT true?a. A swap is like a forward contract in that it guarantees the exchange of two items of value at some future point in time.
b. Only the net interest difference is swapped in an interest rate swap.
c. Swap parties always have the same level of credit risk.
d. Unlike in a forward contract, the exact terms of exchange of the swap will vary with changes in interest rates.
e. All of the above statements are true.
Answer
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Related questions
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a. The USA Patriot Act
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c. The 9/11 Act
d. The U.S. Treasury Department Act
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