金融市场与金融机构章节测试课后答案2024春

第七章测试

1.One advantage of futures markets over forward markets is that there is default risk or counterparty risk in futures markets. （ ）
A:对 B:错
答案:B
2.In a swap, one counterparty does not need to pay premium to the other counterparty. （ ）
A:对 B:错 3.Hedging means that a financial institution needs to take an offsetting position against one of its current holdings.（ ）
A:对 B:错 4.Which of the following is correct about options? （ ）
A:Call option buyers need to pay premium to put option buyers. B:American option buyers can exercise their option at any time by the expiration date. C:Call option sellers can benefit from price increase of the underlying asset. D:Option sellers have no obligations but only rights. 5.In which of the following aspect does a futures market differ from a forward market? （ ）
A:Forward contracts are usually more customized than futures contracts. B:Futures markets are usually exchanges and forward markets are usually OTC markets. C:In forward markets, a counterparty’s profits and losses are usually “marked-to-market” daily. D:Forward markets usually have more trading opportunities than futures markets.