单选题 Which of the following statements is FALSE? A. In a currency swap, the notional principal is actually swapped twice, once at the beginning of the swap and again at the termination of the swap. B. The time frame of a swap is called its tenor. C. In a currency swap, only net interest payments are made.
【正确答案】 C
【答案解析】In a currency swap, payments are not netted. Because they are made in different currencies, full interest payments are made, and the notional principal is also exchanged.