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
A financial future is a contract to buy or sell certain forms of money at a specified future date, with the price agreed at the
A financial future is a contract to buy or sell certain forms of money at a specified future date, with the price agreed at the
admin
2012-01-26
68
问题
A financial future is a contract to buy or sell certain forms of money at a specified future date, with the price agreed at the time of the deal. Under such a contract, if the market price of the financial instrument concerned should be higher on the delivery date than the price specified in the contract or if its yield should be lower, the seller undertakes to meet the different and, by collecting this, the buyer can obtain a price or yield which is settled at the time the contract is agreed. Conversely, if the market price of the financial instrument should be lower or its yield higher than is specified in the contract, the seller will gain and the buyer will lose the difference: but at least the buyer still has the comfort of knowing the price or yield in advance, as it was fixed at the date the contract was entered into.
The London International Financial Futures Exchange brings together those buyers and sellers who wish to hedge against interest rate and exchange rate fluctuations. On the exchange, "standard" agreements ( or contracts ), are available for : 1 ) interest rate movements--by trading interest bearing securities, such as bank deposit certificates, in sterling or Eurodollars, gilt-edged stocks and United States Treasury Bonds ; 2) exchange rate fluctuations--by trading a range of currencies, for example the United States dollar against the pound sterling, the United States dollar against the Swiss franc and so on.
On LIFFE, in order to make the contracts more tradable and to enable keener prices to be quoted, a limited range of standard contracts is available with fixed settlement dates. For example, the contract size for sterling bank deposit certificates is GBP 500 000 with delivery on the second Wednesday of the delivery month which could be March, June, September or December.
With a contract covering the movement of interest rates, the market brings together those who wish to take delivery of specific financial instruments, with those who are prepared to supply the same financial instrument on the same terms. Similarly, with a contract coveting exchange rate fluctuations, the market brings together those who wish to sell a stated amount of a certain foreign currency at an agreed future date, and those who wish to buy on the same terms.
Which of the following are interest-earning securities?
选项
A、Bank deposit certificates in Eurodollars.
B、Gilt-edged stocks.
C、United States Treasury Bonds.
D、All of the above.
答案
D
解析
第二段第二句后半句1) interest rate movements—by trading interest beating securities, such as…and United States Treasury Bonds. interest—earning securities与interest bearing securities含义相同,都指生息证券。
转载请注明原文地址:https://kaotiyun.com/show/eIid777K
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)
[A]tape[B]radio[C]newspaper[D]dictionary[E]notebook[F]ticket[G]stampYoucanreaditforinformation.
Mr.Reeceisinterestingoldman.Mr.Reeceworked【C1】______afarm.Heandhiswife【C2】______alotofthingsandtheyhadsomec
Mr.Reeceisinterestingoldman.Mr.Reeceworked【C1】______afarm.Heandhiswife【C2】______alotofthingsandtheyhadsomec
Mr.Reeceisinterestingoldman.Mr.Reeceworked【C1】______afarm.Heandhiswife【C2】______alotofthingsandtheyhadsomec
Mr.Reeceisinterestingoldman.Mr.Reeceworked【C1】______afarm.Heandhiswife【C2】______alotofthingsandtheyhadsomec
Americanswithsmallfamiliesownasmallcaroralargeone.Ifbothparentsareworking,theyusuallyhavetwocars.Whenthe
We’veallhadworkanddothingsthatwedidnotenjoy.Usually,somepeoplewouldtellustobe【C1】______enthusiastic(热情的)."Yo
We’veallhadworkanddothingsthatwedidnotenjoy.Usually,somepeoplewouldtellustobe【C1】______enthusiastic(热情的)."Yo
In1826,aFrenchmannamedNiepceneededpicturesforhisbusiness.Buthewasnotagoodartist.Soheinventedaverysimplec
随机试题
轮胎锯齿状异常磨损的现象主要发生在纵向花纹轮胎上。()
下列需要RNA作引物的过程是()
有的人遇到困难便怀疑预定目标,放弃预定目标的追求,这说明他们缺乏的意志品质是()
监理单位有权根据变更程序向承包人发出变更指示,其中约定提出变更的情形不包括()。
凡符合税法规定,从获利年度起可以享受两年免税、三年减半征税的外商投资企业有( )。
下列项目免征契税的有()。(2006年考题改编)
对特级导游员等级的评定工作每3年进行一次。()
在语文课上,当胡老师讲到课文中“一千万万颗恒星”一处时,刘明同学问道:“老师,‘万万’是什么意思?”全班同学觉得这个问题太简单,哄堂大笑。刘明也不好意思地低下了头,懊悔自己不该问这么简单的问题。胡老师见状,问大家:“大家都知道万万等于亿,那么,这里为什么不
道德和法律的关系是()。
李某有一栋可以遥望湖景的别墅,当他得知有一栋大楼要新建,不能再遥望湖景时,就把别墅卖给想得到一套可以眺望湖景的房屋的人,李某的行为违背了民法的()。
最新回复
(
0
)