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
International trade always creates the need for forward operations, if the exchange risk is to be hedged. Let us consider the ca
International trade always creates the need for forward operations, if the exchange risk is to be hedged. Let us consider the ca
admin
2011-01-26
86
问题
International trade always creates the need for forward operations, if the exchange risk is to be hedged. Let us consider the case of a Swiss importer who has bought goods in Germany, in- voiced in Euro, payable in 90 days. To eliminate the risk of a significant rise of the Euro in the meantime and also to have the basis for an exact price calculation, he buys the Euro 90 days forward.
In the converse case a Swiss exporter knows that in three months he will receive U. S. dollars in payment for this export. Here again, in order to eliminate the exchange risk, he hedges by selling the U. S. Dollar three months forward.
Not to do these, forward transactions would be equivalent to speculating, on a fall of the Euro in the first case, or a rise of the U. S. dollar in the second case.
In the second case, the Swiss exporter sells the U. S. dollar because be believes that the U. S. dollar will rise.
选项
A、Right
B、Wrong
C、Doesn’t say
答案
B
解析
转载请注明原文地址:https://kaotiyun.com/show/RkYd777K
0
初级(银行综合类)
原金融专业英语(FECT)
金融英语(FECT)
相关试题推荐
EverySunday,Mr.Henrywenttothemarkettobuyfoodandotherthings.Heput(16)inabigbasket.Hewasoldandweak,so
Jeanwastravellingbycarinthecountry.Onedayshestoppedinfrontofabeautifuloldhouse.Shegotoutandtookacareful
Georgeandhiswifehadasmallbar.Thebaroftenkeptopenuntilaftermidnight,becausepeoplecametodrinktherewhilethey
[A]between[B]atlast[C]pencil[D]office[D]plane[F]aunt[G]dictionaryaplacetheteacherin
[A]park[B]radio[C]watch[D]library[E]telephone[F]postoffice[G]supermarketPeoplelistentothenewsormusicoverit.
[A]manager[B]dictionary[C]light[D]milk[E]teacher[F]cashier[G]policemanYoulearnthingsfromhim/herinschool.
Haveyouconsidered______oursonabiggiftsincehewontherace?
Allnewproducts(产品)startasideas.Themanagerlooksatallthenewideas(41)putsdevelopmentmoneyinto(42)ofthem
Howcarelesshewas!He______alotofimportantideaswhilereading.
Adraweeofabillofexchangehasanobligationtopaythebill.
随机试题
感染过程中,血液中最先出现的是()
自主神经系统的功能特点是
消毒的含义是
厌氧菌感染伤口换药选用
选择围堰类型时,必须根据当时当地具体条件,主要原则有()。
用经常性预算收入来偿还到期国债的本息,其实质相当于()。
配制黑火药用的原料是火硝、硫磺和木炭。火硝的质量是硫磺和木炭的3倍,硫磺占原料总量的1/10,要配制这种黑火药320千克,需要木炭多少千克?
按表中数据计算可知,1996年该省房地产业增加值为()。
ThankyouforyourinquiryofOctober1st.Wearenowsendingyouourcatalogtogetherwithsomesamplesofthematerialsyoure
【B1】【B10】
最新回复
(
0
)