首页
登录
职称英语
Besides a current or spot price for currencies (or monies) and spot markets,
Besides a current or spot price for currencies (or monies) and spot markets,
游客
2025-06-20
25
管理
问题
Besides a current or spot price for currencies (or monies) and spot markets, there are futures markets, where futures ( or forward) prices are determined by buying and selling futures contracts. Also, a large volume of forward contracts is made directly between participants in the foreign exchange markets. Spot transactions require the exchange of deposits by two days after the date of the contract. Forward transactions require an exchange of deposits at specified longer maturities on the forward contract. There are standardized maturities of three months, six months, and one year, and on major currencies, longer contracts are sometimes available. Banks, acting as financial intermediaries, make available forward contracts tailored exactly to their customers needs, such as 46-day maturity.
If the spot price is below the forward price, the currency is said to be at a forward premium. If the spot price is above the forward price, the currency is said to be at a forward discount.
Both spot and forward markets for currencies are subject to control and intervention by governments. The governments may step in to support their domestic currency by buying it. They may impose exchange controls on the repatriation of profits or interest payments. The risk of loss in forward contracts because of these latter controls can be called sovereign risk. Thus spot and forward markets can suffer from imperfections.
The evidence, however, generally tends to support the hypothesis that these markets are approximately efficient, especially the offshore foreign exchange markets that are free of government controls. [br] A great number of forward contracts are made directly between people who take part in the foreign exchange markets.
选项
A、Right
B、Wrong
C、Doesn’t say
答案
A
解析
文章第一段提到a large volume of forward contracts…foreign exchange markets.所以该陈述正确。从文中第二句Also, a large volume of forward contracts is made directly…可以看出。
转载请注明原文地址:http://tihaiku.com/zcyy/4126431.html
相关试题推荐
Secondarymarketsmakefinancialinstrumentsmore______.A、fluidB、solidC、risky
Thesecuritiesandfuturesmarketsarevitaltothegrowthandstrengthofmarke
Regulationofthemoneysupplyandfinancialmarketsisreferredtoas______.A、
Thereareavarietyoffinancialproductsavailableinthemarkets,suchasA-sh
Whatdeterminestherateofexchangebetweencurrencieswillbeexaminedlat
Whatdeterminestherateofexchangebetweencurrencieswillbeexaminedlat
Whatdeterminestherateofexchangebetweencurrencieswillbeexaminedlat
Liabilitiesareusuallyclassifiedaseithercurrentornoncurrentliabiliti
Liabilitiesareusuallyclassifiedaseithercurrentornoncurrentliabiliti
Whereasthemoneymarketsprovideveryshort-termloans,thecapitalmarket
随机试题
__________(在1世纪末就开始投入使用),thiskindofenergyhadbroughtgreatconveniencefor
Infuturetradethekeydevelopmenttowatchistherelationshipbetweenthe
Accidentsarecaused;theydon’tjusthappen.Thereasonmaybeeasytosee:
1、2,3
《普通高中语文课程标准》(实验)倡导教师在写作教学虫“鼓励学生积极参与生活,体验
将要走上讲台的你,自我感觉对于教师这一职业,你最大的优势与最大的不足分别是什么
“不要将所有鸡蛋放在一个篮子里”这一投资格言说明的风险管理策略是()。A.风险
A.气虚血瘀 B.肾虚精亏 C.气血两虚 D.阴虚气弱 E.肾阳不足.八
男性,43岁,某化工厂工人。工龄10年,因发现血尿而就诊,诊断为膀胱癌。在询问职
关于抗精神病药的临床应用哪一项是错误的?A.主要用于治疗精神分裂症 B.氯丙嗪
最新回复
(
0
)