*Please answer these five questions, thank you.

The fixed swap rate is equal to the zero rates if the par curve is a. flat b. upward sloping c. downward sloping O d. humped Swap market makers are willing to a. lend money b. borrow money O c. exchange interest payments based on certain rules. O d. lend and borrow money at the same time To switch from receiving fixed interest to receiving floating, one needs to in an interest rate swap. O a. pay floating and receive fixed b. pay fixed and receive floating O c.pay LIBOR based floating and receive prime rate based floating O d. pay T-bill based floating and receive LIBOR based floating The fixed swap rate is forward rates. a. higher than b. the sum of c. simple average of O d. weighted average of The credit risk exposure of currency swaps is interest rate swaps. O a. the same as b. higher than c. lower than O d. about the same as