国际金融英文版试题chapter6

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1、INTERNATIONALFINANCEAssignmentProblems(6)Name:Student#:LChoosethecorrectanswerforthefollowingquestions(onlycorrectanswer)(3creditsforeachquestion,totalcredits3x20=60)1.WhichofthefollowingisNOTtrueregardingforwardcontracts?A.Thematurityofforwardcontractsisflexible.B.Forwardcontr

2、actsaretradedbothonorganizedexchangesandOTCmarket.C.Forwardcontractsareusedtospeculatethediscrepanciesoftheexchangerates-D.Thesizeofaforwardcontractisusuallymuchlargerthanthatofthefuturesoroptions.2.WhichofthefollowingisNOTacontractspecificationforcurrencyfuturestradingonanorga

3、nizedexchange?A.maturitydateB.maintenancemarginrequirementC.sizeofthecontractD.Alloftheabovearespecified3.Afuturescontractisverysimilartoaforwardcontract,because.A・bothareagreementsbetweentwopartiestodeliverrelativecurrenciesatacertaintimeforacertainpriceB.botharestandardizedco

4、ntractsC.bothcanbeusedtoeliminatethedefaultriskD.botharerequiredtophysicallydelivertheunderlyingcurrency4.Iftheamountinthemarginaccountdropsbelowthemaintenancemargin,thefuturescontractholderwill.A.closeoutthecontractB.beissuedamargincallC・writeanewcontractD.notifytheexchange5.W

5、hichofthefollowingisNOTadifferencebetweenacurrencyfuturescontractandaforwardcontract?A・Thecounteipartytothefuturesparticipantisunknownwiththeclearinghousesteppingintoeachtransactionwhereastheforwardcontractparticipantsareindirectcontactsettingtheforwardspecifications.B.Asingles

6、alescommissioncoversboththepurchaseandsaleofafuturescontractwhereasthereisnospecificsalescommissionwithaforwardcontractbecausebanksearnaprofitthroughthebid-askspread・C.Thefuturescontractismarkedtomarketdailywhereasaforwardcontractisonlyduetobesettledatmaturity.B.Alloftheabovear

7、edifferencesbetweenacurrencyfuturescontractandaforwardcontract.1.AssumethatCitibankinNewYorkquotesa30-dayforwardrateoneuroof$0.7533whiletheSingaporeInternationalMonetaryExchange(SIMEX)eurofuturesfordeliveryin30daysisbeingquotedat$0.7522・Youcanmakearisklessprofitby•A.takingashor

8、tpositiononeuroinSIMEXeurofuturescontractandalongposit