首页
登录
职称英语
Besides a current or spot price for currencies(or monies)and spot markets, t
Besides a current or spot price for currencies(or monies)and spot markets, t
游客
2025-06-19
18
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:https://tihaiku.com/zcyy/4125761.html
相关试题推荐
Liabilitiesareusuallyclassifiedaseithercurrentornoncurrentliabiliti
Liabilitiesareusuallyclassifiedaseithercurrentornoncurrentliabiliti
Whereasthemoneymarketsprovideveryshort-termloans,thecapitalmarket
Whereasthemoneymarketsprovideveryshort-termloans,thecapitalmarket
Foreignexchangemarketsprovideservicesforinternationalinvestorsorfinanci
Foreignexchangemarketsareelectroniccommunicationsystemsthat(56)m
[originaltext]M:Goodnews!Thecurrentpriceoflandweboughtlastyearhasi
[originaltext]M:Goodnews!Thecurrentpriceoflandweboughtlastyearhasi
[originaltext]M:Goodnews!Thecurrentpriceoflandweboughtlastyearhasi
Foreignexchangemarketsprovideservicesforinternationalinvestorsorfinanci
随机试题
BuildingonthebaseofevidenceandinterpretationinHansen’s(1994)qu
WhatIsReadingI.Readingisacomplexand【T1】______process【T1】______—e.g.,
[originaltext]M:Sohowcomeyouchosepsychology?W:Well,atlustIdidn’tha
Thinktwicenexttimesomeoneasksyoufor"fiveminutesofyourtime"—itc
[originaltext]W:Hello,sir.WhatcanIdoforyou?M:Hi,Uh...Ihavethisca
编辑学的研究对象不包括( )。A.编辑人员的知识结构 B.编辑活动对社会生活
乳痈、乳少等乳疾,针灸治疗选用A.少冲 B.养老 C.少泽 D.天井 E
把下面的六个图形分为两类,使每一类都有各自的共同规律或特征,分类正确的一项是:
土石坝根据坝高可分为低坝、中坝和高坝,坝高( )以上为高坝。A.30m B.
(2021年下半年真题)教师张某因恶意透支信用卡被人民法院判处有期徒刑一年。根据
最新回复
(
0
)