The most widely used futures contract for hedging short-term U.S. dollar interest rate risk is
举一反三
- Which one of the following statements is the MOST accurate? A: A rise in the interest rate offered by dollar deposits causes the dollar to appreciate. B: A rise in the interest rate offered by dollar deposits causes the dollar to depreciate. C: A rise in the interest rate offered by dollar deposits does not affect the U.S. dollar. D: For a given euro interest rate and constant forward exchange rate, a rise in the interest rate offered by dollar deposits causes the dollar to appreciate.
- According to the expectation theory of term structure of interest rate theory, if the future forward rate is expected to decline, the long-term interest rate at the current point will be lower than the short-term interest rate. A: 正确 B: 错误
- Currency swaps are commonly used to manage risk, such as ( ). A: Exchange rate risk B: Interest rate risk C: Credit risk D: Moral hazard E: Liquidity risk
- Which of the following is most likely to be a feature common to both forward and futures contracts? A: Daily marking to market of contracts B: Standardization of the contract’s terms and conditions C: Their use for hedging or speculation
- Forward commitments subject to default are: A: forwards and futures. B: futures and interest rate swaps. C: interest rate swaps and forwards.