举一反三
- 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
- The<br/>primary reasons for a counterparty to use a currency swap are() A: to<br/>hedge and to speculate. B: to<br/>play in the futures and forward markets. C: to<br/>obtain debt financing in the swapped currency at an interest cost<br/>reduction brought about through comparative advantages each<br/>counterparty has in its national capital market, and the benefit of<br/>hedging long-run exchange rate exposure. D: both<br/>a and b
- When a central bank intervenes in the ________, their intention is to ________. A: spot market; convey a clear signal to the markets B: futures market, hide its actions from the markets C: forward market, hide its actions from the markets D: swap markets, convey a clear signal to the markets
- The forward/forward swap means selling and buying simutaleously a certain foreign currency forward for a certain maturity date.
- International businesses use foreign exchange markets for all of the following reasons except: A: to receive payments from foreign investments that may be in foreign currencies B: to pay a foreign company for its products or services in its country's currency C: to invest for short terms in money markets when they have spare cash D: to cover themselves from all risks involved in currency speculation
内容
- 0
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
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cover non-customer grouping as well, such as voter markets, or labor markets, and donor markets.
- 2
As a general statement, it is safe to say that businesses generally use the ________ for foreign currency option contracts, and individuals and financial institutions typically use the ________. A: exchange markets; over-the-counter B: over-the-counter; exchange markets C: private; government sponsored D: government sponsored; private
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The markets for non-public, not-for-profit organisations are government markets.
- 4
Which of the following statements is least accurate() A: Futures contracts are easier to offset than forward contracts. B: Forward contracts are generally more liquid than futures contracts. C: Forward contracts are easier to tailor to specific needs than futures contracts.