Which of the following statements about diff swaps is true?
a. they involve interest payments in separate currencies
b. they are based on the difference between interest rates in two countries
c. they are based on the difference between interest rates of different maturities
d. the notional amount reduces throughout the life of the swap
e. the notional amount increases throughout the life of the swap
Answer: D
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.