According to the required Study Note, which statement is not true about the notional amount in an interest rate swap? Possible Answers The specified principal amount in a swap is called the notional principal amount. The notional principal amount in an interest rate swap is always level. A swap could have a notional amount that follows the outstanding balance of an amortized loan. With an amortizing swap, the notional amount decreases over the term of the swap. With an accreting swap, the notional amount increases over time