Interest rate swaps can be used for all of the following purposes except:
a. to borrow at the prime rate
b. to convert a fixed-rate loan into a floating-rate loan
c. to convert a floating-rate loan into a fixed-rate loan
d. to speculate on interest rates
e. to hedge interest rate risk
Answer: A
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.