Consider the Following Five Statements

Multiple Choice

Consider the following five statements:
i.Swaps may be used to achieve a lower cost of funds for a company.
ii.In an interest rate swap,the two parties swap the principal amount plus the ongoing associated interest obligations.
iii.An intermediated swap is said to be 'matched' when a bank enters into swaps with both firms involved in an interest rate swap.
iv.A 'plain vanilla' swap is the fixed AUD to floating AUD swap.
v.If an intermediary is involved in a swap between two parties,the intermediary will also provide the initial loan to both parties.
How many of these statements are true and how many are false?

A) 3 statements are true and 2 are false
B) 2 statements are true and 3 are false
C) 4 statements are true and 1 is false
D) 1 statement is true and 4 are false