单选题 Which of the following statements is NOT an advantage of swaps? Swaps:

A、 give the traders privacy.
B、 have little or no regulation.
C、 minimize default risk.

【正确答案】 C

【答案解析】Swaps do not minimize default risk. Swaps are agreements between two of more parties, and there are no guarantees that one of the parties will not default. Note that swaps do give traders privacy and, being private transactions, have little to no regulation and offer the ability to customize contracts to specific needs.