A swap is
A) another name for a put option.
B) another name for a call option.
C) an agreement between two or more counterparties to exchange sets of cash flows over some future period.
D) the name for the replacement of a futures contract by an options contract.

Question

Quizplus · Accepted Answer

A swap is an agreement between two or more counterparties to exchange sets of cash flows over some future period. It is not another name for a put or call option, nor is it the replacement of a futures contract by an options contract.

A Swap Is