Q46. Are principal amounts typically exchanged at the beginning of a(n)：

Interest rate swap?          Currency swap?

A.          NO                      NO

B.          NO                      YES

C.          YES                     NO

D.          YES                     YES

答案和详解如下：

Q46.   B       Study Session 17-77.a

Principal amounts are not exchanged at the beginning or end of an interest rate swap; principal amounts are typically exchanged at both the beginning and end of a currency swap.

thx