第十一章测试
1.Carry trade is non-speculative in nature.( )
A:对 B:错
答案:B
2.The foreign exchange market is a market for converting the currency of one country into that of another country.( )
A:错 B:对 3.If the spot exchange rate is £1 = $1.50 when the market opens, and £1 = $1.48 at the end of the day, the pound has appreciated, and the dollar has depreciated.( )
A:错 B:对 4.The risk that arises from volatile changes in exchange rates is known as( )
A:foreign exchange risk
B:transactional exposure
C:translational exposure
D:economic exposure
5.Currency ( ) typically involves the long-term movement of funds from one currency to another in the hopes of profiting from shifts in exchange rates.
A:hedging
B:risk mitigation
C:arbitrage
D:speculation

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