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Which of the following statements about swaps is false? Select one: a. Swaps are the largest part of the derivatives world by notional values b.

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Which of the following statements about swaps is false? Select one: a. Swaps are the largest part of the derivatives world by notional values b. Swaps are exchange listed and cleared financial derivatives C. Swaps are usually valued at $0 at inception d. If you pay fixed the swap value = present value of floating cash-flows - present value of fixed cash-flows e. A swap is a derivative in which two counterparties exchange cash-flows of one financial instrument for those of another financial instrument

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