Which of the Following Statements About the Notional Amount of a Currency

Multiple Choice

Which of the following statements about the notional amount of a currency swap is correct?

A) The notional amount is exchanged both when the swap is entered into and when the swap has matured
B) The notional amount is exchanged when the swap is entered into
C) The notional amount is exchanged when the swap has matured
D) The notional amount is never exchanged