Interest rate swap。（上海财经大学)

利率互换(Interest Rate Swap)

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

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.

mpany A an interest rate of 5% per annum on a notional principal of $100million and in return company A agrees to pay to company B the six-month LIBOR rate on the same notional principal. When the first exchange of payments took place on September 1,2003, company A would pay ______. (6-month LIBOR on March 1,2003 and on September 1,2003 are respectively 2% and 8% per annum.)

A．$2.1 million

B．$2.5million

C．$2.1467million

D．$102.1million

掉期率(Swap Rate)

Which of the following product has a standardized contract？______.

A．Interest rate swap

B．FRA

C．Option

D．Futures

利率(interest rate)

短期利率(short interest rate)

te the bank pays its depositors.

A．True

B．False

A.tax rate

B.exchange rate

C.interest rate

D.charge rate