Which of the followings do not belong to the foreign exchange in a narrow sense（）
A. Bank draft and check in foreign currency
B. Special Drawing Rights （SDR）
C. Foreign currency securities
D. Foreign currency
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Under the indirect quotation, the fluctuation of exchange rate is expressed by（）
A. Changes in the amount of local currency
B. Changes in the amount of foreign currency
C. Decrease in the amount of local currency and increase in the amount of foreign currency
D. Increase in the amount of local currency and decrease in the amount of foreign currency
The transaction that take the opposite trading behavior in the spot market and futures market is（）
A. Hedging transaction
B. Swap transaction
C. Option transaction
D. Spot transaction
The basis for dividing European option and American option is（）
A. The time of exercising the option
B. The content of transaction
C. The place of transaction
Difference between strike price and spot exchange rate
The exchange rate quotation for “fixed foreign currency unit and variable domestic currency units” is（）
A. US Dollar Quotation
B. Indirect Quotation
C. Direct Quotation
D. Multiple Rate
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