单选题 Which of the following is NOT considered a reason for using the swaps market? To: A. reduce transactions costs and obtain cheaper financing. B. exploit market inefficiencies. C. maintain privacy.

【正确答案】 B

【答案解析】Historically, the two basic motivations for swaps were to exploit market inefficiencies and attempt to achieve cheaper financing. Today, the swaps market has matured and now offers few arbitrage opportunities to exploit market inefficiencies. In addition to seeking cheaper financing, current reasons for using swaps include reducing transactions costs, avoiding costly regulations, and maintaining privacy.