The author doesn't mention those participants ______ in the London International Financial Futures Exchange( LIFFE ).A．who want to hedge against interest rate fluctuationsB．who wish to hedge against exchange rate fluctuationsC．who bet on which way interes

题目

The author doesn't mention those participants ______ in the London International Financial Futures Exchange( LIFFE ).

A．who want to hedge against interest rate fluctuations

B．who wish to hedge against exchange rate fluctuations

C．who bet on which way interest rate will move

D．both A and B

相似考题

1.Foreign exchange markets are electronic communication systems that (56) major financial centers throughout the world. Exchange rates are determined (57) supply and demand relationships, relative interest rate levels, relative (58) of inflation, political risk, and economic risk. Alternatives (59) affecting settlement of purchase and sales claims were explored (60) with the instruments available to exporters and importers for financing their international activities.(41)A．focusB．liaisonC．connectD．associate

2.Arbitrageurs in the futures markets are those people who ______.A．take on the risks that hedgers want to shedB．seek to hedge their risksC．make the futures prices move in accordance with other marketsD．all of the above

3.The best title for the passage can he ______.A．What Are Futures Used forB．Who Are the Arbitrageurs, Speculators and HedgersC．How to Hedge RisksD．How to Trade in Futures Market

4.A derivative is a security which "derives" its value from another underlying (61) instrument, index, or other investment. Derivatives are available based on the performance of stocks, interest rates, currency exchange rates, as well as (62) contracts and various indexes. Derivatives give the buyer greater leverage for a (63) cost than purchasing the actual underlying instrument to achieve the same position. For this reason, when used properly, they can serve to "hedge" a (64) of securities against losses. However, because derivatives have a date of (65) , the level of risk is greatly increased in relation to their term. One of the simplest forms of a derivative is a stock option. A stock option gives the holder the right to buy or sell the underlying stock at a fixed price for a specified period of time.(46)A．bankB．financialC．mathematicD．securities

更多“The author doesn't mention those participants ______ in the London International Financial Futures Exchange( LIFFE ).A．who want to hedge against interest rate fluctuationsB．who wish to hedge against exchange rate fluctuationsC．who bet on which way interes”相关问题

  • 第1题：

    短文理解

    听力原文： The Chinese currency is the Renminbi. China has maintained a unified managed floating exchange rate since January 1994. The exchange rate of the Renminbi is determined by the inter-bank foreign exchange market. The People' s Bank of China announces a reference rate for the Renminbi against the US dollar, the Hong Kong dollar, and the Japanese yen based on the weighted average price of foreign exchange transactions during the previous day's trading. Daily movement of the exchange rate of the Renminbi against the US dollar in inter-bank foreign exchange market is limited to 0.3% on either side of the reference rate as announced by the PBC. The buying and selling rates of the Renminbi against the Hong Kong dollar and the Japanese yen may not deviate more than 1% on either side of the reference rate. In the case of other currencies, the deviation may not exceed 0.5% on either side of their respective rates.

    21. When did China begin to maintain a unified managed floating exchange rate?

    22.Who determines the exchange rate of the Renminbi?

    23.What is the deviation allowed on daily movement of the exchange rate of Renminbi against the US dollar?

    (21)

    A．1992

    B．1993

    C．1994

    D．1995


    正确答案：C
    解析：录音原文提到China has maintained a unified managed floating exchange rate since January 1994，中国从1994年1月开始实行单一的有管理的浮动汇率制。

  • 第2题：

    － ()－ Today’s rate is listed on the board here.

    A、What’s the exchange rate today

    B、What kind of currency do you want to exchange for

    C、What’s the amount you’d like to exchange


    参考答案：A

  • 第3题：

    The term foreign exchange is best defined by the following statement: it is ______.

    A．the rate of exchange between two currencies

    B．synonymous with currency exchange

    C．the place in which foreign currencies are exchanged

    D．an instrument such as paper currency, note, and check used to make payments between countries


    正确答案：D
    解析：外汇通常指以外国货币表示的可用于国际结算的各种支付手段，包括纸币、支票、票据等。the rate of exchange between two currencies两国货币的汇率。synonymous with currency exchange与货币兑换率含义相同。

  • 第4题：

    Banks in international lending face the risks common to all banks: liquidity risk, interest rate risk, credit (asset) risk, and contingent liabilities risk.

    A．Right

    B．Wrong

    C．Doesn't say


    正确答案：C
    解析：文章通篇提及银行面临的三类风险，并加以举例，并没有提及Banks in international lending。

  • 第5题：

    听力原文：W: What is the rate of exchange?

    M: Sorry, I'm not sure. You will have to ask at the exchange desk. He can give you the exchange rate.

    Q: Where can he find the exchange rate?

    (12)

    A．At the exchange desk.

    B．On the board.

    C．On the desk.

    D．On the notebook.


    正确答案：A
    解析：当女士问到汇率是多少时，男士的回答是"You will have to ask at the exchange desk"，由此可知选项A正确。

  • 第6题：

    单句理解

    听力原文：Interest rate risk refers to the exposure of a bank's financial condition to adverse movements in interest rates.

    (1)

    A．Bank's financial condition is the cause of interest rate risk.

    B．Bank's financial condition has impact on interest rate risk.

    C．Interest rate risk occurs when interest rate moves against the bank's financial condition.

    D．Interest rate risk occurs when interest rate favours the bank's financial condition.


    正确答案：C
    解析：单句意思为“利率风险是指银行在不利的利率变动中暴露出的财务风险”。A项因果关 系颠倒，B项没有提及，D项“favour”一词与原句“adverse”相矛盾。

  • 第7题：

    When the stock market turns down, holders of common stocks traditionally begin to move some portion of their (61) out of stocks and into (62) to protect themselves against further declines in the market, PI programs attempt to hedge against the possibility of a market decline by (63) stock index futures contracts or stock index options (buying stock index put options). The more the market falls, the more futures and options contracts are sold by PI programs. If the market continues to fall, the rise in the value of the portfolio' futures and option positions cushions the decline in the value of the portfolio' common stocks. PI managers believe that such hedging programs using futures and options involve lower transaction costs and provide greater (64) than the traditional method of actually selling stocks and buying treasury (65)

    (46)

    A．treasure

    B．assets

    C．investment

    D．capital


    正确答案：B
    解析：资产应该用assets来表示，所以选B。treasure财富。investment投资。capital资本，资金。

  • 第8题：

    The price in the foreign exchange market is called ______.

    A．the trade surplus

    B．the exchange rate

    C．the money price

    D．the currency rate


    正确答案：B
    解析：汇率又译为“汇价”，“外汇行市”，一般用于外汇市场两种不同货币之间的比价。trade surplus贸易顺差，C、D说法很少见。

  • 第9题：

    Beads， stones， seashells， paper， precious metals such as gold and silver， base metals such as iron have all been used as money. Today， money is printed on paper. A lot of countries use their own currency， with n ames such as dollar， pound， franc， ruble， yuan and so on. Since 2002， 18 of the EU members have replaced their national currencies by Euro notes and coins. If you want to pay for something in another currency, you have to change your money into the other money. If you want to travel outside your native country, you need to change your own country's money for the money of the country you are visiting. Most large banks sell foreign currencies. You can exchange money at a bank or at an office of a tourist agency Wherever you go, exchanging money puts you in touch with international finance, which is concerned with exchange rates between different currencies. Deciding the rate for the international exchange of money is one of the most complex aspects of international banking. Foreign exchange rates have significant impact on the economy of a country.


    正确答案:正确

  • 第10题：

    Exchange－rate system 汇率制度


    正确答案: 国家之间进行支付时所依据的一组规则、安排和制度。历史上最重要的汇率制度是金本位制、布雷顿森林体系和现在的浮动汇率制。

  • 第11题：

    The （）is the consideration which the insurers receive from the assured in exchange for their undertaking to pay the sum insured in the event insured against.

    • A、insurance amount
    • B、insurance premium
    • C、amount of compensation
    • D、salvage charges

    正确答案:B

  • 第12题：

    单选题
    According to the author, the most effective way to decrease the rate of population growth is ______.
    A

    by making it a national policy that each couple must not give birth to more than three children

    B

    by exerting more international pressure upon those high-fertility regions

    C

    by modifying the widely held values which guide the actions of many individuals and couples

    D

    by providing the rural poor with means for limiting the family size


    正确答案： D
    解析：
    文章第二段指出人口趋势代表个人、夫妻和家庭的combined decisions，而这些决定被“shaped and conditioned by commonly held values, goals, and aspirations”，并且人们往往会按照这些价值观行事，接下来第三段开头指出若想降低人口增长率，必须最终改变数百万对夫妻的decisions和behavior，可见降低人口增长率的最好办法是改变人们广泛持有的价值观。

  • 第13题：

    In London, a premium on a foreign exchange rate means ______.

    A．the foreign currency is dearer

    B．the foreign currency is cheaper

    C．the foreign currency is less valuable

    D．it has no relevance at all


    正确答案：A
    解析：外汇升水(premium)意味着外汇更贵，外币升值。discount贴水。foreign exchange rate汇率。foreign currency外币。

  • 第14题：

    ______ are bonds which carry a rate of interest and give the owner the right to exchange the bonds at some stage in the future into ordinary shares according to a prearranged formula.

    A．Treasury bonds

    B．Corporate bonds

    C．Convertible bonds

    D．Revenue bonds


    正确答案：C
    解析：句意：可转换债券(convertible bond)允许投资者按照事先规定的条件将附息债券转化为普通股。treasury bond长期国债。corporate bond公司债券。revenue bonds收益债券，指由地方政府及其所属机构所发行的、不以地方政府的征税能力作保证，而只以所筹建项目本身的收益来偿还的一种市政债券。

  • 第15题：

    听力原文：A currency swap is a second technique for hedging long-term transaction exposure to exchange rate fluctuations.

    (10)

    A．A currency swap is a better way to convert the long-term transaction into a spot transaction.

    B．A currency swap makes long-term transaction exposure to exchange rate fluctuations.

    C．A currency swap is a better way to reduce the risks of the long-term transactions owing to the exchange rate fluctuations.

    D．A currency swap can in no way reduce the risk of exchange rate fluctuations.


    正确答案：C
    解析：单句意思为“外汇浮动对远期交易有一定影响外汇互换可以降低这一风险。”

  • 第16题：

    对话理解

    听力原文：W: When I want to borrow money from a hank, what should I do?

    M: You should create a contract with the bank, stipulating the rate of interest, the repayment date, the amount and timing of any periodic cash interest payments, and other terms of the agreement.

    Q: Which is not mentioned when creating a contract with the bank?

    (11)

    A．Stipulating the rate of interest.

    B．Stipulating the repayment date.

    C．Stipulating the amount and timing of any periodic cash interest payments.

    D．Stipulating the financial sponsor.


    正确答案：D
    解析：当向银行借款签订合同时，应该规定利率、还款日期、定期付款的数额及利息等等，对话中没有提及D项“规定经济担保人”。

  • 第17题：

    Customers trading abroad in foreign currencies may protect against the exchange risk by arranging ______.

    A．a contract of international sale of goods

    B．a contract of marine insurance

    C．a forward contract to fix the exchange rate in advance

    D．contract for the delivery of goods by installments


    正确答案：C
    解析：远期合约可使进出口贸易商避免汇率风险(exchange risk)。in foreign currencies用外汇(币)计价。marine insurance海运保险。forward contract远期合约。in advance预先。

  • 第18题：

    The statements concerning nominal and real interest rate are true except that ______.

    A．the nominal interest rate is the growth rate of your money

    B．the real interest rate is the growth rate of your purchasing power

    C．the nominal rate is the real interest rate deducted by the rate of inflation

    D．all of the above statements


    正确答案：C
    解析：名义利率减去通货膨胀率等于实际利率。nominal interest rate名义利率。

  • 第19题：

    You are creating a class that performs complex financial calculations.The class contains a method named GetCurrentRate that retrieves the current interest rate and a variable named currRate that stores the current interest rate.You write serialized representations of the class.You need to write a code segment that updates the currRate variable with the current interest ratewhen an instance of the class is deserialized.Which code segment should you use?（）

    A.

    B.

    C.

    D.


    参考答案：D

  • 第20题：

    The New York foreign exchange market is a market for exchanging foreign currencies against any convertible currencies.

    A．Right

    B．Wrong

    C．Doesn't say


    正确答案：B
    解析：文中第四句The New York foreign exchange market, for example, is essentially a market for exchange foreign currencies against the US dollar. 可以看出。

  • 第21题：

    固定汇率（Fixed Exchange Rate）


    正确答案: 是指一国货币当局选择本国货币钉住某基准国际货币或者某一货币指数，在一定的时期内通过直接的外汇管理措施或间接的调控措施维持本币对该基准货币汇率不变。

  • 第22题：

    LIBOR意为伦敦银行间拆放利率，英文是（）

    • A、LONDON   INTERNATIONAL   BANK   0FFEREI)RATE
    • B、LONDON   INTER BANK   0FFERED   RATE
    • C、LONDON   INTER BANK   0FFERRING   RATE   
    • D、LONDON   INNER   BANK   0FFERED   RATE

    正确答案:B

  • 第23题：

    名词解释题
    固定汇率（Fixed Exchange Rate）

    正确答案： 是指一国货币当局选择本国货币钉住某基准国际货币或者某一货币指数，在一定的时期内通过直接的外汇管理措施或间接的调控措施维持本币对该基准货币汇率不变。
    解析： 暂无解析

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