The main type of interest rate:
A) is a direct swap between two parties.
B) is known as a vanilla swap.
C) is a basis swap.
D) involves a swap of floating for floating interest payments.

Name: The main type of interest rate: A) is a direct swap between two parties. B) is known as a vanilla swap. C) is a basis swap. D) involves a swap of floating for floating interest payments.
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Question

Quizplus · Accepted Answer

A vanilla swap is the most basic type of interest rate swap and involves a fixed-for-floating interest rate swap.

The Main Type of Interest Rate