A(n) ____ allows the party making fixed payments to extend the swap period.

Name: A(n) ____ allows the party making fixed payments to extend the swap period.
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Question

Quizplus · Accepted Answer

An extendable swap is a type of interest rate swap in which one of the parties has the option to extend the swap's maturity date or termination. This party, typically the receiver of the fixed payments, can choose to extend the swap for an additional period, usually two or three years. Therefore, the correct answer is B) extendable.

A(n) ____ Allows the Party Making Fixed Payments to Extend