An interest rate swap in which the notional principal declines over time is called a/an:

Select one:

a.

amortised swap.

b.

term swap.

c.

zero-coupon swap.

d.

none of the given choices.

An interest rate swap is similar to which of the following transactions?

Select one:

a.

Borrowing money at one floating rate and lending it at a higher floating rate

b.

The purchase of a share and the sale of a bond

c.

A series of forward rate agreements (FRAs)

d.

All of the given answers