2. 外语
  3. A derivative is a security which "derives" its value from another underlying【61】instrument, index, or other investment. Derivati

A derivative is a security which "derives" its value from another underlying【61】instrument, index, or other investment. Derivati

admin2013-12-25  35
问题     A derivative is a security which "derives" its value from another underlying【61】instrument, index, or other investment. Derivatives are available based on the performance of stocks, interest rates, currency exchange rates, as well as【62】contracts and various indexes. Derivatives give the buyer greater leverage for a【63】cost than purchasing the actual underlying instrument to a-chieve the same position. For this reason, when used properly, they can serve to "hedge" a【64】of securities against losses. However, because derivatives have a date of【65】, the level of risk is greatly increased in relation to their term. One of the simplest forms of a derivative is a stock option. A stock option gives the holder the right to buy or sell the underlying stock at a fixed price for a specified period of time.
【63】
选项 A、higher
B、smaller
C、lower
D、alterable
答案C
解析 由上下文可知，此处不可能是higher，应该是低成本购买实际需要的基础工具。低成本用lower cost表示。
转载请注明原文地址:https://kaotiyun.com/show/jHid777K
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
随机试题
最新回复(0)