金融风险管理答案2023

第四章测试

1.When a trader enters into a short forward contract when the forward price is $50, the trader is obligated to buy the asset for $50. (The trader does not have a choice).（ ）
A:对 B:错
答案:B
2.An investor enters into a short forward contract to sell 100,000 British pounds for U.S. dollars at an exchange rate of 1.3000 U.S. dollars per pound. How much does the investor gain or lose if the exchange rate at the end of the contract is 1.3900?（ ）
A:-$1,000
B:-$9,000
C:$9,000
3.A French bank enters into a 6-month forward contract with an importer to sell GBP 60 million in 6 months at a rate of EUR 1.15 per GBP 1. If in 6 months the exchange rate is EUR 1.13 per GBP 1, what is the payoff for the bank from the forward contract?（ ）
A:EUR 1,200,000
B:EUR -1,200,000
C:EUR -2,000,000
4.When a trader intends to short selling, his broker would borrow the securities from another client and sell them in the market in the usual way.（ ）
A:错 B:对 5.When a trader shorts selling a stock, he must pay dividend and other benefits the owner of the securities receives.（ ）
A:错 B:对