举一反三
- The __________ differential is approximately equal to the forward premium on a currency plus the interest rate differential. A: covered interest B: uncovered interest C: covered currency D: uncovered currency
- In the forward market, the exchange rate is agreed on at the time of the currency contract, but payment is not made until the future delivery of the currency actually takes place.
- The forward/forward swap means selling and buying simutaleously a certain foreign currency forward for a certain maturity date.
- If the forward exchange rate, defined as the domestic currency price<br/>of the foreign currency, is smaller than the spot exchange rate,<br/>there is a ( ). A: forward premium on the foreign currency. B: forward discount on the foreign currency. C: shortage of dollars. D: surplus of dollars.
- The primary reasons for a counterparty to use a currency swap are to play in the futures and forward markets.
内容
- 0
The covered interest differential is _____ the sum of the forward premium on a currency and the interest rate differential.
- 1
The primary reasons for a counterparty to use a currency swap are( )。 A: to hedge and to speculate. B: to play in the futures and forward markets. C: to obtain debt financing in the swapped currency at an interest cost reduction brought about through comparative advantages each counterparty has in its national capital market, and the benefit of hedging long-run exchange rate exposure. D: both a and b
- 2
When two parties agree to exchange currency and execute the deal at some specific time in the future, a _____ occurs. （ ） A: forward exchange B: hedging C: currency swap D: spot exchange
- 3
Which one of the following is not one of the types of foreign currency derivative used to hedge foreign currency risk? A: Currency futures B: Currency options C: Currency default swaps D: Currency swaps
- 4
The principle of selecting the currency of account in the payment for goods in international trade is [ ] A: hard currency for collection and payment B: hard currency for collection and soft currency for payment C: soft currency for collection and hard currency for payment D: soft currency for collection and payment