题目内容

When the current $/€ forward rate is below the current spot rate, the dollar is at a(n) _____.

A. forward premium
B. forward discount
C. covered parity
D. uncovered parity

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Suppose the interest rate in the U.K. is 5% for 90 days, the current spot rate is $2.00/£, and the 90-day forward rate is $1.96/£. If the covered interest rate differential is about zero, then the interest rate in the U.S. for 90 days is:

A. 6 percent.
B. 4 percent.
C. 3 percent.
D. 2 percent.

Hedging a position exposed to exchange-rate risk is the act of reducing or eliminating a net asset or net liability position in the foreign currency.

A. 对
B. 错

Speculating in a position exposed to exchange-rate risk is the act of reducing or eliminating a net asset or net liability position in the foreign currency.

A. 对
B. 错

An unhedged international investment has a speculative element to it, and it is called a covered international investment.

A. 对
B. 错

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