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
The forward market also provides facilities for forward currency transactions. This is a means of enabling the importer or expor
The forward market also provides facilities for forward currency transactions. This is a means of enabling the importer or expor
admin
2012-01-26
60
问题
The forward market also provides facilities for forward currency transactions. This is a means of enabling the importer or exporter to agree a rate of exchange, now, at which a foreign currency will be exchanged for sterling at a future date, usually one, two, three or six months ahead but sometimes one or two years. This rate is fixed regardless of what might have happened to the rate of exchange in the meantime and is particularly useful in an era of floating, and potentially volatile, exchange rates. If, for example, a British importer of US machines which cost $ 3,000 each has to pay in one month’s time he may prefer to buy the currency now for actual delivery in one month’s time. With a current rate of $2.00 to the 1 pound the one month rate may be at a two cent premium ($1.98) or 2 cents dearer than the spot rate. These purchases will therefore cost the importer an additional £ 15 but at least he knows exactly how much it will cost him whatever happens to exchange rates. If the pound had been devalued or floating down during the month the cost could have horn a lot more than £ 15.
Theoretically there are two alternatives to buying forward:
1) To buy $3,000 now at the spot rate, pay interest on any loan to pay for the purchase and invest the dollars for one month.
2) Pay the spot rate in one month’s time whatever the rate might be.
The facility to buy or sell a currency forward, therefore, enables the importer to fix a definite price which will not be affected by fluctuations in exchange rates.
Forward exchange markets were temporarily disrupted in 1974 by the collapse of a West German bank which failed to meet its foreign currency obligations. As the foreign exchange markets depend so much on confidence, this collapse led to a temporary contraction in the forward market. However, it has now regained much of the ground lost, indeed in an era of floating rates the forward market is of even more importance to traders in insuring themselves against loss through exchange rate fluctuations.
What does "the ground lost" mean in the sentence "It has now regained much of the ground lost" ?
选项
A、A temporary contraction in the forward market.
B、The loss caused by fluctuations in exchange rates.
C、The temporary disruption in the forward market.
D、The loss caused by currency devaluation.
答案
A
解析
最后一段第二句this collapse led to a temporary contraction in the forward market. However, it has now regained much of the ground lost,意思是这起破产导致远期市场的暂时萎缩,然而,现在它现在已经收复绝大部分失地。
转载请注明原文地址:https://kaotiyun.com/show/PdYd777K
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
[A]cheek[B]dollar[C]menu[D]station[E]market[F]library[G]hospitalPeoplegetonandoffabusortrainthere.
[A]bridge[B]supermarket[C]radio[D]map[E]book[F]letter[G]busPeopleuseittofindtheirway.
A、Thesupermarketisnearhere.B、Youcangoanotherday.C、Youcanasksomebodyforhelp.C
Abusinessmanboughtsomegoodsatamarketinthemorningandsetoutatonceforhomewithallhisbags,forhewishedtobei
Abusinessmanboughtsomegoodsatamarketinthemorningandsetoutatonceforhomewithallhisbags,forhewishedtobei
MysisterandIlookedforwardtonewclothesfortheNewYear.Butonedaymymothersaid,"Listen,children.Wedon’thaveeno
MysisterandIlookedforwardtonewclothesfortheNewYear.Butonedaymymothersaid,"Listen,children.Wedon’thaveeno
MysisterandIlookedforwardtonewclothesfortheNewYear.Butonedaymymothersaid,"Listen,children.Wedon’thaveeno
随机试题
简述中国经济发展进入新常态的表现及如何适应和引领经济发展新常态。
下列关于网络营销概念的说法中,错误的是()
针对饭前洗手问题,开展了全球范围内的调查。调查显示拥有大学以上学历的人和没有大学以上学历的人群存在着非常显著的差异。请问该健康问题中,最突出的影响因素是()
A、B、C债券的基本信息如下:面值100元,期限一年(2017.5.1~2018.4.30),年利率6%,一次还本付息;2017年6月1日,A基金在银行间市场上买入A、B、C债券10000手,交易净价101元,截至2017年5月31日该债券的应付利息是
()是企业组织内部依据具体分工,在同一级机构、职能业务人员之间的信息传递。
《公安机关人民警察内务条令》和《人民警察法》一样,是由全国人大常委会颁布实施的。()
俗话说“装龙像龙,装虎像虎”。演员演岳飞就应该像岳飞,演秦桧就应该像秦桧,要做到“非我”。但只是像岳飞像秦桧,而不能也不应该使自己就变成岳飞,变成秦桧。演员不应该完全丢掉自己。他仍应该让人透过他的表演,感知到他对他所演的角色的爱憎感情,而完成他的最高任务。
epidemiology
Doyouagreeordisagreewiththefollowingstatement?Itismoreimportantforstudentstostudyhistoryandliteraturethanit
A、Theyarecheckedout.B、Theyarespeciallycoded.C、Theyareinspectedbytheguard.D、Theyaremarkedwithcoloredlabels.B选
最新回复
(
0
)