2008 CFA Level 1 － Sample 样题(1)－Q46 style, black, class

8586

46、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

A. Answer A

B. Answer B

C. Answer C

D. Answer D

      

[此贴子已经被作者于2008-11-7 15:23:27编辑过]

8586

Correct answer = B

"Swap Markets and Contracts," Don M. Chance
2008 Modular Level I, Vol. 6, pp. 125-127
Study Session 17-74-a
describe the characteristics of swap contracts and explain how swaps are terminated
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. 

 

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b