衍生工具与风险管理章节复习试题全套（大学期末复习资料）

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1、CHAPTER1:INTRODUCTIONMULTIPLECHOICETESTQUESTIONS1.Themarketvalueofthederivativescontractsworldwidetotalsabouta.80trillionb.15.8trillionc.9trilliond.3.8trillione.noneoftheabove2.Cashmarketsarealsoknownasa.speculativemarketsb.spotmarketsc.derivativemarketsd.do

2、llarmarketse.noneoftheabove3.Acalloptiongivestheholdera.therighttobuysomethingb.therighttosellsomethingc.theobligationtobuysomethingd.theobligationtosellsomethinge.noneoftheabove4.Whichofthefollowinginstrumentsarecontractsbutarenotsecuritiesa.stocksb.options

3、c.swapsd.aandbe.bandc5.Thepositiverelationshipbetweenriskandreturniscalleda.expectedreturnb.marketefficiencyc.thelawofonepriced.arbitragee.noneoftheabove6.Atransactioninwhichaninvestorholdsapositioninthespotmarketandsellsafuturescontractorwritesacallisa.agam

4、bleb.aspeculativepositionc.ahedged.arisk-freetransactione.noneoftheabove7.Whichofthefollowingareadvantagesofderivatives?a.lowertransactioncoststhansecuritiesandcommoditiesb.revealinformationaboutexpectedpricesandvolatilityc.helpcontrolriskd.makespotpricessta

5、yclosertotheirtruevaluese.alloftheaboveChapter1265TestBank8.Aforwardcontracthaswhichofthefollowingcharacteristics?a.hasabuyerandasellerb.tradesonanorganizedexchangec.hasadailysettlementd.givestherightbutnottheobligationtobuye.alloftheabove9.Optionsonfuturesa

6、realsoknownasa.spotoptionsb.commodityoptionsc.exchangeoptionsd.securityoptionse.noneoftheabove10.Amarketinwhichthepriceequalsthetrueeconomicvaluea.isrisk-freeb.hashighexpectedreturnsc.isorganizedd.isefficiente.alloftheabove11.Whichofthefollowingtradeonorgani

7、zedexchanges?a.capsb.forwardsc.optionsd.swapse.noneoftheabove12.Whichofthefollowingmarketsis/aresaidtoprovidepricediscovery?a.futuresb.forwardsc.optionsd.aandbe.bandc13.Investorswhodonotconsiderriskintheirdecisionsaresaidtobea.speculatingb.shortsellingc.risk

8、neutrald.traderse.noneoftheabove14.Whichofthefollowingstatementsisnottrueaboutthelawofonepricea.investorsprefermorewealthtolessb.investmentsthatofferthesamereturninallstatesmustpaytherisk-freera