ACI
3I0-012 · Question #174
An interest rate swap (IRS) is:
The correct answer is A. A contract to exchange one stream of interest payments for another. See the full explanation below for the reasoning.
Question
An interest rate swap (IRS) is:
Options
- AA contract to exchange one stream of interest payments for another
- BA temporary exchange of one deposit for another of a longer maturity in the same currency
- CA forward-forward contract
- DA contract to exchange an interest rate stream in one currency for another one in a different currency
How the community answered
(38 responses)- A82% (31)
- B3% (1)
- C11% (4)
- D5% (2)
Community Discussion
No community discussion yet for this question.