单选题 Which of the following statements regarding a plain vanilla swap is FALSE? A. The notional principal amounts are exchanged at contract initiation and at the termination of the swap. B. Only a net payment is made on each settlement date. C. If interest rates decrease, the swap has a negative value to the fixed rate payer.
【正确答案】 A
【答案解析】There is no exchange of the principal amount at the initiation or termination of a plain vanilla swap.