Which of the following swaps are also knows as "plain vanilla" swaps?
A) "Fixed-for-fixed" single currency swap.
B) "Fixed-for-floating" single currency swap.
C) "Fixed-for-fixed" currency swap involving two different currencies.
D) "Floating -for- floating" currency swap involving two different currencies.

Question

Quizplus · Accepted Answer

"Fixed-for-floating" single currency swaps are the most commonly traded and straightforward type of interest rate swaps, also known as "plain vanilla" swaps. The other swaps listed involve either two different currencies or floating interest rates, which are less common and more complex.

Which of the Following Swaps Are Also Knows as "Plain