题目内容

Which of the following financial instruments provides a buyer the right (but not the obligation) to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a few years?

A. Letter of credit
B. Currency option
Currency swap
D. Forward contract

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An investment exposed to exchange-rate risk is a(n) _____ international investment.

A. hedged
B. covered
C. uncovered
D. arbitrage

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An investment is _____ if it is fully hedged against exchange-rate risk.

A. risk neutral
B. covered
C. uncovered
D. speculative

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Concerning the covering of exchange rate risks, assuming that a depreciation of the domestic currency is feared, one can say that there is an incentive for:

A. exporters to rush to cover their future needs.
B. importers to rush to cover their future needs.
C. both exporters and importers to rush to cover their future needs.
D. monetary authorities to rush to cover their future needs.

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If Chinese speculators expect the euro to appreciate against the U.S. dollar, they would:

A. purchase Chinese yuan.
B. purchase U.dollars.
C. purchase euros.
D. use Chinese yuan to buy euros, instantly use the euros to buy U.dollars, and then instantly use the U.dollars to buy Chinese yuan.

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Which of the following financial instruments provides a buyer the right (but not the obligation) to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a few years?

A. Letter of credit B. Currency option Currency swap D. Forward contract

An investment exposed to exchange-rate risk is a(n) _____ international investment.

An investment is _____ if it is fully hedged against exchange-rate risk.

Concerning the covering of exchange rate risks, assuming that a depreciation of the domestic currency is feared, one can say that there is an incentive for:

If Chinese speculators expect the euro to appreciate against the U.S. dollar, they would:

A. Letter of credit
B. Currency option
Currency swap
D. Forward contract