A: Bilateral arbitrage
B: arbitrage
C: Multilateral arbitrage
D: Hedging
举一反三
- A(n) _____ is the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates. （ ） A: arbitrage B: spot exchange C: carry trade D: currency swap
- Among the following choices, ___ is not an entrepreneurial behavior. A: Innovation B: Arbitrage C: Imitation D: Rent-setting
- __________ ensures that exchange rates in different locations are essentially the same. A: Appreciation of the currency B: Arbitrage C: Forward trading D: Spot trading
- An arbitrage opportunity is least likely to be exploited when: A: one position is illiquid. B: the price differential between assets is large. C: the investor can execute a transaction in large volumes.
- The practice of buying an asset in one market and selling it immediately in a second market that is located in another country is known as A: a spot market transaction. B: spatial arbitrage. C: bilateral arbitrage D: a composite currency trade.
内容
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Primary market refers to the market ____________. A: that attempts to identify mispriced securities and arbitrage opportunities. B: in which investors trade already issued securities. C: where new issues of securities are offered. D: in which securities with custom-tailored characteristics are designed.
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Which<br/>of these states that the difference in interest rates between two<br/>countries is equal to the percentage difference between the forward<br/>exchange rate and the spot exchange rate?() A: Arbitrage<br/>equilibrium B: Relative<br/>purchasing power parity C: Absolute<br/>purchasing power parity D: Interest<br/>rate parity E: Cross-rate<br/>parity
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An analyst does research about market efficiency. Which of the following statements least likely explains why a market mispricing may persist（） A: Arbitrage is encouraged to produce riskless profits. B: A price discrepancy is insufficient large to leave the investor with a profit. C: Short selling is limited or restricted.
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Covered interest arbitrage is plausible when the forward premium reflect the interest rate differential between two countries specified by the interest rate parity formula.
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6. Which of the following is true of foreign exchange markets?