Which of the following is not true of swaps?______.

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问题 Which of the following is not true of swaps?______.

选项 A、The two most common types of swaps are interest rate swaps and currency swaps.
B、Principal and interest are usually exchanged in an interest rate swap.
C、A currency swap can be used to transform a loan in one currency into a loan in another currency.
D、None of the above.

答案B

解析 答案为B项。interest rate swap“利率互换”,是交易双方将同种货币的资产或债务按不同形式的利率进行交换,即在约定的期限内,双方按不同的方式计算利息,互相交换。它是一项表外业务,被广泛地运用于资产负债管理,主要作用包括:降低筹资成本;实现债务重组,加强对风险的管理,使债务结构具有更大的灵活性;提高投资的收益率。Currency swap“货币互换”,是指交易双方在一定期限内将一定数量的货币与另一种一定数量的货币进行交换。通过这种交换方式,交易双方可以避免各自所承担的汇率风险,并能降低成本。最常见的互换是利率互换(interest rate swap)和货币互换(currency swap);在利率互换中,通常本金不互换,只有利息金额进行互换;货币互换可以用于将一笔贷款换成其他货币的贷款。本题中B项的意思不正确,故选B项。
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