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
2013-12-25
30
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 covering 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.
A financial future is a contract to buy or sell certain forms of money at a specified date______.
选项
A、with spot rate
B、with forward rate
C、at the market price
D、at the price fixed at the time of the deal
答案
D
解析
第一段第一句A financial future is…,with the price agreed at the time of the deal。
转载请注明原文地址:https://kaotiyun.com/show/zLid777K
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
Thearticle______onthissubjectwaswrittenbyMr.Black.
Youcanusethecreditcardto______foracar.
A、No,youcanuseyourcreditcard.B、Yes,youcanuseyourcreditcard.C、Yes,youcannotuseyourcreditcard.B
WhenIcametotheUnitedStates,Ididn’tspeakanyEnglish.Whenanyoneaskedmesomething,Ialwayssaid"Yes."ButIreal
WhenIcametotheUnitedStates,Ididn’tspeakanyEnglish.Whenanyoneaskedmesomething,Ialwayssaid"Yes."ButIreally
Neithermydog______mycatcanbeseeninthehouse.What’sthematter?
Whichofthefollowingisnotacharacteristicoftheaccountingfornon-tradingorganizations?
ProvisionofDepreciationistheestimatedexpiredcostforthecurrentperiod.
Peopleinwhatkindsofprofessionsarementionedinthepassagethatareofferedunsecuredloans?
A、Documentarycredit.B、Documentarycollection.C、Paymentinadvance.D、Openaccount.A当女士向男士寻求关于相对安全的结算方式时,男士的回答是"documentary
随机试题
测定密度瓶水值时,将蒸馏水装至密度瓶()称量。
纳税人采取邮寄方式办理纳税申报的,以()为实际申报日期。
审计后的政府综合财务报告与审计报告依法报本级人民代表大会常务委员会备案,并按规定向社会公开。()
关于天文,下列说法中不正确的一项是()
艾宾浩斯的研究表明,遗忘在学习之后立即开始,其趋势呈负加速。()
依据官方政府的记录,某地区的自杀率在1987年比1960年高17倍。自杀率急剧增加归因于社会变化的结果——因为某地区从一个捕鱼打猎的社会转变到了一个工业社会。下面哪一项,如果正确,最反对上面的结论?
考虑游在一起的3条鱼的鱼群;每条鱼被捕食者Y看见的空间被定义为:以鱼为中心,Y所能看见的最大距离为半径的球体。当Y在三个球体中的一个球体中时,鱼群易遭受攻击。因为鱼群是一个紧密的群体,球体在很大程度上重叠。—下面哪一项可以从上文推断出来?
设向量组α1,α2,α3线性无关,向量β1能由α1,α2,α3线性表出,向量β。不能由α1,α2,α3线性表出,则必有[].
下列关于中国半殖民地半封建社会的基本特征,表述正确的有
_____isfamilyviolencemoreofaproblemthaninthiscity.
最新回复
(
0
)