NO.PZ2021061002000015
问题如下：
Which of the following statements is true
about the notional principal of the swap?
选项：
A.The notional principal is not exchanged
during the term of the contract.
The notional principal of the swap is
fixed, no matter what the loan is matched.
The notional principal of the swap is the
money owed by one party to the other.
解释：
A is correct.
利率互换不需要交换本金，只交换利息；而名义本金的金额是与我们要对冲的贷款额相一致，如果贷款额有变化，名义本金的金额也要随之变化。因此A对，B错误；
C选项是说名义本金是指swap一方欠另一方的金额，这是错的，比如A公司欠银行loan，为了改变自己的负债性质（例如从浮动变成固定），和dealer进行swap交易，这个交易的名义本金和loan的金额匹配。但A公司和dealer之间是没有债务关系的，A公司和银行之间才有债务关系。
Which of the following statements is true about the notional principal of the swap?
您的回答A, 正确答案是: A
A
正确The notional principal is not exchanged during the term of the contract.
B
The notional principal of the swap is fixed, no matter what the loan is matched.
C
The notional principal of the swap is the money owed by one party to the other.
老师上课说currency swap是需要交换本金的，这里题目说的是notional principal是默认不存在currency swap交换本金的情况了吗？
