单选题
Which of the following statements about notional principal in plain vanilla interest rate swaps is least accurate? Notional principal: A. is not exchanged by the counterparties. B. is determined by the counterparties. C. is used to calculate the fixed rate interest payment ; the swap's market value is used to calculate the floating rate payment.
【正确答案】
C
【答案解析】The notional amount is used to calculate both the fixed and the floating rate payment streams.