A financial future is a contract to buy or sell certain forms of money at a specified date ______.A．with spot rateB．with forward rateC．at the market priceD．at the price fixed at the time of the deal
题目
A financial future is a contract to buy or sell certain forms of money at a specified date ______.
A．with spot rate
B．with forward rate
C．at the market price
D．at the price fixed at the time of the deal
相似考题
更多“A financial future is a contract to buy or sell certain forms of money at a specified date ______.A．with spot rateB．with forward rateC．at the market priceD．at the price fixed at the time of the deal”相关问题
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第1题：
33 In which of the following contract types is it easier to change the scope of the contract:
A. firm fixed price
B. fixed price plus incentive fee
C. cost plus percentage of cost
D. letter contract
E. None of the above
正确答案：C
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第2题：
115 In which of the following contract types is it easier to change the scope of the contract:
A. firm fixed price
B. fixed price plus incentive fee
C. cost plus percentage of cost
D. letter contract
E. None of the above.
正确答案：C
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第3题：
What will happen if a draft is stamped "accepted" by a bank?
A．The bank will sell it as soon as possible to the buyer.
B．The draft will become money market funds.
C．Dealers will buy it in the domestic market.
D．The draft becomes a banker's acceptance and will be sold in the money market.
正确答案：D
解析：最后一句指出Alternatively, the bank can stamp the draft "accepted" with the appropriate signature,...sell it in the secondary market, 意思是作为一种选择，由银行承兑的汇票可以在二级市场上流通(这是因为银行信誉度高的缘故)。 -
第4题：
听力原文：In foreign exchange transactions, a forward purchase is an undertaking to buy a particular amount of foreign currency for delivery and settlement of a future date.
(7)
A．A forward transaction is done on a future date.
B．A forward purchase is to buy foreign currency in future.
C．A forward purchase is to buy a foreign currency with settlement on a future date.
D．A forward transaction is to buy a foreign currency on future date.
正确答案：C
解析：单句意思为“在外汇交易中，远期交易就是购入一定量的外币准备在未来某一日期交付和结算。” -
第5题：
If you are a put seller, you have to ______ in order to offset the original deal.
A．buy a put at a lower strike price and earlier expiration
B．sell a put with the same strike price and expiration
C．buy a put with the same strike price and expiration
D．sell a put at a higher strike price and earlier expiration
正确答案：C
解析：如果卖出看跌期权，相应的对冲交易则为买入相同执行价格、相同到期日的看跌期权。 -
第6题：
听力原文：Theoretically, the forward price for a currency can be identical with the spot price. However, it in practice is almost always either higher or lower than the spot price.
(6)
A．The forward price for a currency is always the same with the spot price.
B．The forward price for a currency is always different from the spot price.
C．Theoretically, the forward price is almost always either higher or lower than the spot price.
D．Theoretically, the forward price for a currency is always the same with the spot price.
正确答案：D
解析：单句意思为“从理论上讲，某种货币的远期汇率应与即期汇率相等。但是绝大多数情况下，实际的远期汇率总是高于或低于即期汇率。” -
第7题：
听力原文： Currency options may have two kinds of value, intrinsic value and time value. If and to the extent that an option would currently be profitable to exercise, it is said to have intrinsic value. In the case of a call, if the spot price is higher than the option exercise price, the option has intrinsic value. In the case of a put, if the spot price is less than the option exercise price, the option has intrinsic value. Such options are said to bein-the-money'. If the opposite is true of either calls or puts, they have no intrinsic value and said to be out-of-the-money'.
28. What are the two kinds of value do currency options have?
29.When does a call option have intrinsic value?
30.What is the option said to be if it has intrinsic value?
(28)
A．Intrinsic value and time value.
B．Internal value and external value.
C．Exchange value and time value.
D．Real value and stated value.
正确答案：A
解析：录音原文提到Currency options may have two kinds of value, intrinsic value and time value.外汇期权有两种价值：内在价值和时间价值。 -
第8题：
A financial market may be thought of as ordinary market in which traders may buy or sell particular financial commodities.
A．Right
B．Wrong
C．Doesn't say
正确答案：C
解析：第一段第二句仅指出a market is thought of...who conduct trades in particular commodities or services，并没有提及金融市场可以被看作普通商品市场一样。 -
第9题：
The interest rate specified in the bond indenture is called the ().A.market rate
B.effective rate
C.discount rate
D.contract rate
正确答案：D
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第10题：
The book value of a fixed asset reported on the balance sheet represents its market value on that date.()
正确答案：错
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第11题：
Financial institutions deal with financial assets，assets that promise future payments from financial contracts, such as securities and loans.These institutions also deliver services, relying on their reputations to attract customers for relationships ofte答案：解析：金融机构处理金融资产，这些资产是承诺未来收益的金融合同，如股票和贷款。这些机 构同样提供服务，这依赖于声誉吸引基于信任关系的客户。类似地，非金融企业期望未来的现 金形式的收益，或者来自其有形的服务产品或者来自可识别的商标品牌、某个生产过程的专利。 因为资产种类众多，将其分为两类比较方便：实物资产和金融资产。实物资产是那些基于基本质量提供收益的资产，一个人的家的价值与其建筑质量、所在位置和大小相关，一个公司的主 要的电脑提供的收益是基于其速度、内存大小、用途的便利以及维修的频率，而金融资产是能 从签署合约的团体手中收到未来承诺收益的合约。 与其他机构一样，金融机构需要并使用资产，以使得收益超过成本，金融机构和其他公司 最关键的不同是金融机构持有的大部分资产事金融资产。金融机构使用来自存款者的资金来获 取对他人的金融索取权。他们也许会将资金借给个人、企业或者政府，它们也会购买其他企业 的股权，金融机构期望的未来收益依赖于他们购买的金融负债所有者的绩效。金融机构和其他 公司的主要区别并不在于它们筹集资金的方式，因为所有企业都这样筹集金融负债.而在于他 们如何运用这比资金。 -
第12题：
问答题Practice 10 The U. S. Dollar is the currency most often used in international trade. If the currency of export sales is different from the currency of the exporting country, for example a Japanese exporter sells in U.S. Dollars, the exporter may encounter exchange risks-risks from fluctuations in exchange rates, for example between the U. S. Dollar and the Japanese Yen. In case of the Yen appreciation at the time of converting the U.S. Dollar to the Yen, the exporter will get less Yen per U.S. Dollar. Conversely, in case of the Yen devaluation the exporter will get more Yen per U.S. Dollar. Hence, in time of currency appreciation in the exporting country, it is important that the exporter ships the goods earlier, unless an earliest date for shipment is stipulated in the L/C or has been agreed upon between exporter and importer, and present the negotiating documents to the bank immediately. The exporter may contract with the bank to sell the U.S. Dollar forward in a so-called forward exchange, at a predetermined rate on an agreed future date, thus he/she will not be affected by the currency appreciation and will receive a fixed amount in his/her own currency at a future date.正确答案： 【参考译文】
美元是国际贸易中使用最多的货币,假如出口国在出口时所使用的货币与本国货币不同,例如日本出口商在出口时使用了美元,该出口商就有可能遇到汇率风险,汇率风险即由于汇率浮动而产生的风险,例如在美元与日元兑换时出现的风险。
如果将美元兑换成日元时出现日元升值的情况,出口商每一美元所换日元就会减少。如果情况相反日元呈贬值趋势,出口商每一美元所换日元就会增加。因此,在出口国货币升值时,出口商提前装船并将议付单据立即提交给银行具有重要意义,除非信用证规定或进出口双方已达成协议不得提前装船。
出口商可同银行签订合同,在未来交割日期,按照预定汇率,提前将美元卖给银行,这即是所谓的远期外汇。至此,出口方将不受货币升值带来的影响,在未来交割日期,收取一定数额的本币。解析： 暂无解析 -
第13题：
132 Which of the following contract types has the highest risk to the contractor:
A. Firm fixed price (FFP)
B. Time and material (T&M)
C. Cost plus fixed fee (CPFF)
D. Cost plus incentive fee (CPIF)
E. A and B only
正确答案：A
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第14题：
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．bank
B．financial
C．mathematic
D．securities
正确答案：B
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第15题：
Apart from borrowing from hanks, a firm or an individual can obtain funds in a financial market in two ways. The most common method is to issue a (61) , such as a bond or a mortgage, which is a (62) by the borrower to pay the holder of it at (63) until a specified date, when a final payment is made. The (64) of it is the time of expiration date. The second method of raising funds is by issuing (65) , such as common stock, which are claims to share in the net income and the assets of a business.
(46)
A．debt instrument
B．letter of credit
C．letter of guarantee
D．certificate of deposit
正确答案：A
解析：句意：最常见的一种方法是发行债务工具，比如债券或抵押。debt instrument债务工具。letter of credit信用证。letter of guarantee保证函。certificate of deposit大额定期存单。 -
第16题：
The money market is a dealer market where, over the telephone or through electronic systems, ______.
A．a broker receives commission to act as an agent
B．the investors are trading on a central trading floor
C．firms buy and sell securities in their own accounts, at their own risk
D．individual investors can trade on the exchange
正确答案：C
解析：货币市场主要参与者为大型机构投资者，它们进行自营交易，而不是代客交易的经纪人，同时它是无形市场，一般没有进行集中交易的具体场所。自营交易商通过自己账户进行交易，并自我承担风险。 -
第17题：
听力原文：Typical foreign exchange transactions involve trades of one currency for another in the spot or cash market, or forward transactions.
(3)
A．Forward transactions is not of typical foreign exchange transactions.
B．Typical foreign exchange transactions occur in the spot or cash market.
C．Forward transactions don't occur in the spot or cash market.
D．Typical foreign exchange transactions occur only in the spot market.
正确答案：B
解析：单句意思为“典型的外汇交易包括在即期或现货市场以一国货币换取另一国货币，或远 期交易”。 -
第18题：
短文理解
听力原文： Spot transaction means the actual and variable amount of the currency of one country which at any given time, can be bought for a fixed sum in the currency of another country. It is a term meaning that these transactions are settled on the second working day from the date of the deal. For example, you buy $ 5,000.00 US dollars on October 10th( say Wednesday) , the purchased US dollars will value on October 12th.
21. What does spot transaction mean?
22.When are the spot transaction settled?
23.What's the value date for purchase of $ 5,000.00 US dollars in the passage?
(21)
A．It means that at any time you can buy currency of one country for another currency.
B．It means that the actual and variable amount of one currency can be bought for a fixed sum in another currency at any given time.
C．It means that any kind of currency can be bought at any time for another currency.
D．It means that the actual and fixed amount of the currency of one country at any time can be bought for a variable sum in the currency of another currency.
正确答案：B
解析：录音原文提到Spot transaction means…can be bought for a fixed sum in the currency of another country.现汇交易意味着一国货币可按照现行汇率确定的数额随时兑换固定数额的他国货币。 -
第19题：
The spot rate of French Francs is 9.2950-9.3055; the three-month premium is 5.50-4.70 centimes. What is the rate at which a UK bank would buy French Francs under a three-month fixed forward contract?
A．FRF 9.2585
B．FRF 9.2400
C．FRF 9.2505
D．FRF 9.2480
正确答案：A
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第20题：
If the market price of the financial instrument concerned should be higher on the delivery date than the price agreed in the financial future contract ______ will make a profit.
A．the seller
B．the buyer
C．the broker
D．the dealer
正确答案：B
解析：第一段第二句Under such a contract, if the market price…the buyer can obtain a price or yield which is settled at the time the contract is agreed，意指在交易日，如果金融工具的市场价格高于合同约定价格，或者说市场收益率低于合同收益率，卖方有义务弥补差价，买方则获得在合约中约定好的价格或收益。南此可见，买方受益。或者可以根据后面举的情况相反例子，反过来推断出买方受益。 -
第21题：
Money market securities are ______.
A．essentially issued by governments, financial institutions, and large corporations
B．very liquid and earns high return
C．denominated in small sums so that individual investors can deal in them
D．purchased by individual investors directly
正确答案：A
解析：货币市场工具主要是由政府、金融机构和大公司所发行的债务型融资工具，其特点是具有较高的流动性，但营利性较差，此外这类丁具的金额都较大，适合机构投资者，一般个人投资者通过机构投资者投资货币市场工具。 -
第22题：
In a charter-party，the amount of despatch money payable is often fixed ______.
A.at one fourth the demurrage rate
B.at one third the demurrage rate
C.at half the demurrage rate
D.at the demurrage rate
正确答案：C
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第23题：
单选题The passage mainly wants to tell us ______.Ahow to buy or sell shares
BABC of stock markets
Cthe stock market is like gambling
Dinvesting money in the stock market is not the safest way
正确答案： C解析：
主旨大意题。纵观全文，本文讲解了一些股票的基本知识，如什么是股票，股票的性质以及投资股票的人等，即股票的一些常识。ABC of表示某个领域的基本知识。因此B选项正确。