国际金融英文版试题chapter6

《国际金融英文版试题chapter6》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、INTERNATIONALFINANCEAssignmentProblems(6)Name:Student#:I.Choosethecorrectanswerforthefollowingquestions(onlycorrectanswer)(3creditsforeachquestion,totalcredits3x20=60)1.WhichofthefollowingisNOTtrueregardingforwardcontracts?A.Thematurityofforwardcontrac

2、tsisflexible.B.ForwardcontractsaretradedbothonorganizedexchangesandOTCmarket.C.Forwardcontractsareusedtospeculatethediscrepanciesoftheexchangerates.D.Thesizeofaforwardcontractisusuallymuchlargerthanthatofthefuturesoroptions.2.WhichofthefollowingisNOTac

3、ontractspecificationforcurrencyfuturestradingonanorganizedexchange?A.maturitydateB.maintenancemarginrequirementC.sizeofthecontractD.Alloftheabovearespecified3.Afuturescontractisverysimilartoaforwardcontract,because__________.A.bothareagreementsbetweent

4、wopartiestodeliverrelativecurrenciesatacertaintimeforacertainpriceB.botharestandardizedcontractsC.bothcanbeusedtoeliminatethedefaultriskD.botharerequiredtophysicallydelivertheunderlyingcurrency4.Iftheamountinthemarginaccountdropsbelowthemaintenancemarg

5、in,thefuturescontractholderwill__________.A.closeoutthecontractB.beissuedamargincallC.writeanewcontractD.notifytheexchange5.WhichofthefollowingisNOTadifferencebetweenacurrencyfuturescontractandaforwardcontract?A.Thecounterpartytothefuturesparticipantis

6、unknownwiththeclearinghousesteppingintoeachtransactionwhereastheforwardcontractparticipantsareindirectcontactsettingtheforwardspecifications.B.Asinglesalescommissioncoversboththepurchaseandsaleofafuturescontractwhereasthereisnospecificsalescommissionwi

7、thaforwardcontractbecausebanksearnaprofitthroughthebid-askspread.C.Thefuturescontractismarkedtomarketdailywhereasaforwardcontractisonlyduetobesettledatmaturity.D.Alloftheabovearedifferencesbetweenacurrencyfuturescontractandaforwardcontract.6.Assumethat

8、CitibankinNewYorkquotesa30-dayforwardrateoneuroof$0.7533whiletheSingaporeInternationalMonetaryExchange(SIMEX)eurofuturesfordeliveryin30daysisbeingquotedat$0.7522.Youcanmakearisklessprofitby__________.A.takingashortpositiononeuroinSIMEXe