衍生工具与风险管理章节测试试题（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.dollarmarketse.noneoftheabov

2、e3.Acalloptiongivestheholdera.therighttobuysomethingb.therighttosellsomethingc.theobligationtobuysomethingd.theobligationtosellsomethinge.noneoftheabove4.Whichofthefollowinginstrumentsarecontractsbutarenotsecuritiesa.stocksb.optionsc.swapsd.aandbe.bandc5.Thepositiverelationshipbetwee

3、nriskandreturniscalleda.expectedreturnb.marketefficiencyc.thelawofonepriced.arbitragee.noneoftheabove6.Atransactioninwhichaninvestorholdsapositioninthespotmarketandsellsafuturescontractorwritesacallisa.agambleb.aspeculativepositionc.ahedged.arisk-freetransactione.noneoftheabove7.Whic

4、hofthefollowingareadvantagesofderivatives?a.lowertransactioncoststhansecuritiesandcommoditiesb.revealinformationaboutexpectedpricesandvolatilityc.helpcontrolriskd.makespotpricesstayclosertotheirtruevaluese.alloftheaboveChapter1235TestBank8.Aforwardcontracthaswhichofthefollowingcharac

5、teristics?a.hasabuyerandasellerb.tradesonanorganizedexchangec.hasadailysettlementd.givestherightbutnottheobligationtobuye.alloftheabove9.Optionsonfuturesarealsoknownasa.spotoptionsb.commodityoptionsc.exchangeoptionsd.securityoptionse.noneoftheabove10.Amarketinwhichthepriceequalsthetr

6、ueeconomicvaluea.isrisk-freeb.hashighexpectedreturnsc.isorganizedd.isefficiente.alloftheabove11.Whichofthefollowingtradeonorganizedexchanges?a.capsb.forwardsc.optionsd.swapse.noneoftheabove12.Whichofthefollowingmarketsis/aresaidtoprovidepricediscovery?a.futuresb.forwardsc.optionsd.aa

7、ndbe.bandc13.Investorswhodonotconsiderriskintheirdecisionsaresaidtobea.speculatingb.shortsellingc.riskneutrald.traderse.noneoftheabove14.Whichofthefollowingstatementsisnottrueaboutthelawofonepricea.investorsprefermorewealthtolessb.investmentsthatofferthesamereturninallstatesmustpayth

8、erisk-freera