首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Banks face losses from three sources : their own position if short or long in a particular currency; dealing positions taken by
Banks face losses from three sources : their own position if short or long in a particular currency; dealing positions taken by
admin
2012-01-26
57
问题
Banks face losses from three sources : their own position if short or long in a particular currency; dealing positions taken by employees who gamble with the bank’s money; and defaults by counter-parties to forward exchange contracts and covering transactions. These risks were well illustrated by events in 1974: Bankhaus Herstatt, cologne, collapsed due largely to losses on its foreign exchange exposures; Lloyds Bank, Lugano, lost USD77 million due to unauthofised trading by staff. Herstatt’s closure by the Bundesbank during working hours left many banks with unfulfilled foreign exchange transactions. Since then banks and authorities have tightened their control. Banks still take a position on foreign currencies and put traders on commission to speculate on their behalf, but mainly on within-day trading or on overnight positions. On longer-term positions banks aim to match liabilities and claims in a particular currency or cover the difference in the swap market.
If employees of a bank gamble in foreign exchange dealings with the bank’s money, the bank will suffer heavy losses of foreign currencies.
选项
A、Right
B、Wrong
C、Doesn’t say
答案
A
解析
第一句中间dealing positions taken by employees who gamble with the bank’s money以及举例,都说明了题中观点是正确的。
转载请注明原文地址:https://kaotiyun.com/show/Osid777K
本试题收录于:
FECT综合(现代金融业务)题库金融英语(FECT)分类
0
FECT综合(现代金融业务)
金融英语(FECT)
相关试题推荐
Alotofpeopledon’twanttotalkabouttheirage,especially(尤其是)womenover30.Thethoughtofgrowingolderisapainful(痛苦的)
Alotofpeopledon’twanttotalkabouttheirage,especially(尤其是)womenover30.Thethoughtofgrowingolderisapainful(痛苦的)
Intheworld,soccerorfootballisthemostpopularsport.ThisisbecausemanycountrieshavewonderfulteamsformeWorldCup
We’veallhadworkanddothingsthatwedidnotenjoy.Usually,somepeoplewouldtellustobe【C1】______enthusiastic(热情的)."Yo
Peopleliketothinkthatlifewasbetterinthepast.Theairwascleaner,thewaterwasclearer,people【C1】______friendlier,l
A、Bytakingacourse.B、Verywell.C、Inthemorning.A
Writeshortnoteson:(a)Realproperty.(b)Personalproperty.
accept,discount,against,dishonoured,attached,hypothecation,credit,draw,ownership,amountWhenaLetterofCredith
FromaChinesebank’spointofview,thecurrencyaccountwhichitmaintainsabroadisknownas______,whileaRMBaccountopera
Thedocumentarycollectionprovidesthesellerwithagreaterdegreeofprotectionthanshippingon______.
随机试题
经间期出血的总的治疗原则是
某施工单位与某房地产开发公司签订工程承包合同,该施工单位承建房地产开发公司开发的某住宅小区的建设项目。该工程承包合同法律关系的客体是()。
下列关于表见代理的说法,正确的是()。
“备案号”栏应填:“运费”栏应填:
商业银行对于一些虽然发生的概率很低,但无力控制的操作性风险,如自然灾害等,所采取的措施不包括()。
兄弟公司是一家上市公司,该公司2016年和2017年的主要财务数据以及2018年的财务计划数据如下表所示(单位:万元):假设公司产品的市场前景很好,销售额可以大幅增加,贷款银行要求公司的资产负债率不得超过60%。董事会决议规定,以权益净利率高低作为管理
成都银丝工艺品的代表作有()。
下列属于发现教学的优点的是()。
9个空瓶合起来可以换2瓶汽水,某旅游团喝了263瓶汽水,其中有一些是用喝剩下来的空瓶换的,那么他们至少要买多少瓶汽水?
Itisreportedthatbagsaregettingbiggerallthetime,andthattherearemorebagsperpersononthestreettodaythanat
最新回复
(
0
)