The fishmen ___ their caps like baseball catchers. A: reversed B: changed C: swapped D: switched

Which of the following statements is FALSE() A: In a currency swap, the notional principal is actually swapped twice, once at the beginning of the swap and again at the termination of the swap. B: The time frame of a swap is called its tenor. C: In a currency swap, only net interest payments are made.

In which sentence the underlined word has different meaning? A: Some hostages were swapped for convicted prisoners. B: He put both hands flat on the door and pushed as hard as he could. C: The bodyguards thrust past the crowd to get at the cameraman. D: He was then shoved face down on the pavement by the policeman.

The primary reasons for a counterparty to use a currency swap are( )。 A: to hedge and to speculate. B: to play in the futures and forward markets. C: to obtain debt financing in the swapped currency at an interest cost reduction brought about through comparative advantages each counterparty has in its national capital market, and the benefit of hedging long-run exchange rate exposure. D: both a and b

The<br/>primary reasons for a counterparty to use a currency swap are() A: to<br/>hedge and to speculate. B: to<br/>play in the futures and forward markets. C: to<br/>obtain debt financing in the swapped currency at an interest cost<br/>reduction brought about through comparative advantages each<br/>counterparty has in its national capital market, and the benefit of<br/>hedging long-run exchange rate exposure. D: both<br/>a and b