单选题 Why are payments NOT usually netted out in a currency swap? A. There are no payments in a currency swap except at initiation and maturity. B. The notional principal is not swapped at initiation. C. The payments are denominated in two different currencies.
【正确答案】 C
【答案解析】Payments are not usually netted out because the payments are denominated in two different currencies, which does not easily allow for netting.