第二章 Foreign Exchange：Definition of foreign exchange,foreign exchange market, foreign exchange transactions and their purposes and functions2.1Introduction to Foreign Exchange:Definition, quotations of foreign exchange[单选题]Based on the data of 2019, the biggest geographic trading center for foreign exchange is primarily _______.（ ）选项:[Tokyo
2.2Foreign Exchange Market:Foreign exchange market and its features
2.3Foreign Exchange Transactions:Introduction to spot, forward and swap transactions
2.4Arbitrage, Hedging and Speculating:Introduction to arbitrage, hedging and speculating
, New York
, Shanghai
, London
]
[单选题]_______ is the date on which the money must be paid to the parties involved in spot transaction.（ ）选项:[The deal date
, The value date
, The working day
, The business day
]
[单选题]Suppose a small Chinese firm sold some goods to a Japanese firm, and it will receive payment of 1 million yen in 60 days. Which of the following statement is right?（ ）选项:[The Chinese firm has a liability position in yen - short position in yen.
, The exchange rate risk is lower in a short period, so there is no need for the exporter to hedge the risks.
, If the yen depreciates in 60 days, the firm will receive more yuan.
, The Chinese firm can enter into a forward contract to sell 1 million yen in 60 days.
]
[单选题]Swap transactions involve two _______ inseparable contract deals, usually the first for spot delivery, and the second for future delivery. （ ）选项:[consistent
, successive
, corresponding
, simultaneous
]
[单选题]The _______ gives buyer the right, but not the obligation, to buy (or sell) a specified amount of one currency for another at a specified price on a specified date.（ ）选项:[option transaction
, forward transaction
, futures transaction
, swap transaction
]
[单选题]Foreign bank notes are not foreign exchange in the narrower sense.（ ） 选项:[错, 对]
[单选题]Quotes using a country’s home currency as the unit currency are known as direct quotation.（ ）选项:[对, 错]
[单选题]Futures contracts can be customized to meet particular customer needs.（ ）选项:[对, 错]
[单选题]It is estimated that speculation accounts for only 10% of the daily trading activity in foreign exchange market.（ ）选项:[对, 错]
[单选题]Opportunities for actual arbitrage in foreign exchange market are rare.（ ） 选项:[错, 对]
[单选题]Opportunities for actual arbitrage in foreign exchange market are rare.（ ） 选项:[错, 对]
[单选题]It is estimated that speculation accounts for only 10% of the daily trading activity in foreign exchange market.（ ）选项:[对, 错]
[单选题]Swap transactions involve two _______ inseparable contract deals, usually the first for spot delivery, and the second for future delivery. （ ）选项:[corresponding
, simultaneous
, consistent
, successive
]
[单选题]Foreign bank notes are not foreign exchange in the narrower sense.（ ） 选项:[对, 错]
[单选题]The _______ gives buyer the right, but not the obligation, to buy (or sell) a specified amount of one currency for another at a specified price on a specified date.（ ）选项:[forward transaction
, futures transaction
, option transaction
, swap transaction
]
[单选题]Futures contracts can be customized to meet particular customer needs.（ ）选项:[错, 对]
[单选题]Quotes using a country’s home currency as the unit currency are known as direct quotation.（ ）选项:[对, 错]
[单选题]Based on the data of 2019, the biggest geographic trading center for foreign exchange is primarily _______.（ ）选项:[New York
, Shanghai
, London
, Tokyo
]
[单选题]Suppose a small Chinese firm sold some goods to a Japanese firm, and it will receive payment of 1 million yen in 60 days. Which of the following statement is right?（ ）选项:[The Chinese firm can enter into a forward contract to sell 1 million yen in 60 days.
, The Chinese firm has a liability position in yen - short position in yen.
, If the yen depreciates in 60 days, the firm will receive more yuan.
, The exchange rate risk is lower in a short period, so there is no need for the exporter to hedge the risks.
]
[单选题]_______ is the date on which the money must be paid to the parties involved in spot transaction.（ ）选项:[The deal date
, The value date
, The business day
, The working day
]
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