|
Q16. Which term does NOT apply to interest rate swaps?
A) Time to maturity.
B) Notional principal amount.
C) Trading exchange.
Q17.
Which of the following statements is TRUE concerning the above diagram? Counterparty:
A) A will gain in the swap when interest rates increase.
B) B pays a fixed rate to counterparty A.
C) B will gain in the swap when interest rates increase.
Q18. Which of the following statements is most accurate concerning the above diagram?
A) Counterparty A will gain in the swap when interest rates increase.
B) Counterparty B will gain in the swap when interest rates increase.
C) Counterparty B pays a fixed rate to counterparty A.
Q19. Which of the following statements regarding a plain vanilla swap is FALSE?
A) Only a net payment is made on each settlement date.
B) The notional principal amounts are exchanged at contract initiation and at the termination of the swap.
C) If interest rates decrease, the swap has a negative value to the fixed rate payer.
Q20. A swap in which one party pays a fixed rate, one party pays a floating rate, and only a net payment is made on the settlement dates is referred to as a:
A) plain vanilla swap.
B) straight swap.
C) net swap.
| 
发表于 2009-3-2 12:13
| 
