首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Besides a current or spot price for currencies (or monies) and spot markets, there are futures markets, where futures ( or forwa
Besides a current or spot price for currencies (or monies) and spot markets, there are futures markets, where futures ( or forwa
admin
2012-01-26
45
问题
Besides a current or spot price for currencies (or monies) and spot markets, there are futures markets, where futures ( or forward) prices are determined by buying and selling futures contracts. Also, a large volume of forward contracts is made directly between participants in the foreign exchange markets. Spot transactions require the exchange of deposits by two days after the date of the contract. Forward transactions require an exchange of deposits at specified longer maturities on the forward contract. There are standardized maturities of three months, six months, and one year, and on major currencies, longer contracts are sometimes available. Banks, acting as financial intermediaries, make available forward contracts tailored exactly to their customers needs, such as 46-day maturity.
If the spot price is below the forward price, the currency is said to be at a forward premium. If the spot price is above the forward price, the currency is said to be at a forward discount.
Both spot and forward markets for currencies are subject to control and intervention by governments. The governments may step in to support their domestic currency by buying it. They may impose exchange controls on the repatriation of profits or interest payments. The risk of loss in forward contracts because of these latter controls can be called sovereign risk. Thus spot and forward markets can suffer from imperfections.
The evidence, however, generally tends to support the hypothesis that these markets are approximately efficient, especially the offshore foreign exchange markets that are free of government controls.
A great number of forward contracts are made directly between people who take part in the foreign exchange markets.
选项
A、Right
B、Wrong
C、Doesn’t say
答案
A
解析
文章第一段提到a large volume of forward contracts…foreign exchange markets.所以该陈述正确。从文中第二句Also, a large volume of forward contracts is made directly…可以看出。
转载请注明原文地址:https://jikaoti.com/ti/7YpsFFFM
本试题收录于:
FECT综合(现代金融业务)题库金融英语(FECT)分类
0
FECT综合(现代金融业务)
金融英语(FECT)
相关试题推荐
Americanswithsmallfamiliesownasmallcaroralargeone.Ifbothparentsareworking,theyusuallyhavetwocars.Whenthe
Americanswithsmallfamiliesownasmallcaroralargeone.Ifbothparentsareworking,theyusuallyhavetwocars.Whenthe
Americanswithsmallfamiliesownasmallcaroralargeone.Ifbothparentsareworking,theyusuallyhavetwocars.Whenthe
Americanswithsmallfamiliesownasmallcaroralargeone.Ifbothparentsareworking,theyusuallyhavetwocars.Whenthe
We’veallhadworkanddothingsthatwedidnotenjoy.Usually,somepeoplewouldtellustobe【C1】______enthusiastic(热情的)."Yo
We’veallhadworkanddothingsthatwedidnotenjoy.Usually,somepeoplewouldtellustobe【C1】______enthusiastic(热情的)."Yo
Americanswithsmallfamiliesownasmallcaroralargeone.Ifbothparentsareworking,theyusuallyhavetwocars.Whenthe
Becausefuturescontractsarestandardized,theyareveryusefulforquotationandtrading.
随机试题
在原料液组成及溶剂化(S/F)相同条件下,将单级萃取改为多级萃取,如下参数的变化趋势是萃取率(),萃余率()。
咬诊主要用于检查
患者,男,82岁。小便浑浊如米泔水,上有浮油,置之沉淀,有絮状凝块物,尿道热涩疼痛,尿时阻塞不畅,口干,苔黄腻,舌质红,脉濡数。该患者治疗时,宜首选
小动物接触易挥发液态化合物的急性毒性试验,最适宜采用的染毒方法是
在2009年下半年。我国多地连续发生不法分子使用注射器扎刺他人,制造恐怖气氛的恶性事件,并造成社会恐慌,后经取样鉴定,排除使用放射性物质、有毒化学品、炭疽等烈性病原微生物造成伤害的可能性,对此类行为应以()论处。
()是目前世界上最大的、最有权威的三个国际标准化专门机构。
根据《建设工程工程量清单计价规范》(GB50500~2008),关于材料和专业工程暂估价的说法中,正确的是()。
对于证券投资基金来说,其市场参与者有()
某汽车贸易公司2015年6月进口11辆小轿车,海关审定的关税完税价格为25万元/辆,当月销售8辆,取得含税销售收入240万元;2辆企业自用,1辆用于抵偿债务。合同约定的含税价格为30万元。该公司应纳车辆购置税()万元。(小轿车关税税率28%,消费税
Younggirlsathighriskfordepressionappeartohaveamalfunctioningrewardsystemintheirbrains,anewstudysuggests.The
最新回复
(
0
)