首页
登录
职称英语
A financial future is a contract to buy or sell certain forms of money at a
A financial future is a contract to buy or sell certain forms of money at a
游客
2025-06-19
23
管理
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. [br] 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:http://tihaiku.com/zcyy/4125938.html
相关试题推荐
Inordertoseethebasicprofitabilityoffinancialinstitutions,itisappropr
Asawidelyusedfinancialstatement,abalancesheetshowsthefinancialpositi
Theauthorizedfinancialinstitutionsshouldkeepenoughforeignexchangeworkin
[originaltext]Theprimaryobjectiveoffinancialreportingistoprovideinform
Futuresareusedforthreepurposes;hedging,speculatingandarbitraging.T
Futuresareusedforthreepurposes;hedging,speculatingandarbitraging.T
Futuresareusedforthreepurposes;hedging,speculatingandarbitraging.T
Mostcommerciallettersofcreditaredocumentary,meaningthatcertaindocu
Mostcommerciallettersofcreditaredocumentary,meaningthatcertaindocu
Similartoanon-financialbusiness,acommercialbankobtainsfundsfromcr
随机试题
(What)hedoes,healwaysdoes(it)well,(though)hehas(somedifficulties).A、
BargainbookshoppersmusthavebeenpleasedlookingatAmazon’sbestseller
TheLanguageLearningTheorycourseisanoptionduringthethirdsemesterofyo
Thequestionofwhatchildrenlearnandhowtheyshouldlearnitiscontinua
下列选项中,不属于构成商业秘密条件的是()。A.新颖性 B.秘密性
左图是从圆台中挖出一个截面为正方形的长方体形成的立体图形。如果从任一面切开,以下
A. B. C. D.
我国市制由( )的建制构成。A.多角度 B.多方面 C.多层次 D.多范
业主在物业管理活动中,应当享有的权利是()。A:执行业主大会的决定 B:交纳物
Inordertobeableto_______promptly
最新回复
(
0
)