ACI
3I0-012 · Question #701
An interest rate swap is:
The correct answer is A. A contract to exchange one stream of income payments for another. See the full explanation below for the reasoning.
Question
An interest rate swap is:
Options
- AA contract to exchange one stream of income payments for another
- BA temporary exchange of one deposit for another of a longer maturity in the same currency
- CA forward-forward contract
- DAll of the above
How the community answered
(40 responses)- A83% (33)
- B3% (1)
- C8% (3)
- D8% (3)
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