According to the required Study Note, which statement is not true about the notional amount in an interest rate swap:

Possible Answers A-The specified principal amount in a swap is called the notional principal amount.

B-The notional principal amount in an interest rate swap is always level.

C-A swap could have a notional amount that follows the outstanding balance of an amortized loan.

D-With an amortizing swap, the notional amount decreases over the term of the swap.

E-With an accreting swap, the notional amount increases over time.