Chaptr3习题集.docVIP

Chapter 3 Foreign Currency Futures 3.1 Multiple Choice and True/False Questions 1) Financial derivatives are powerful tools that can be used by management for purposes of A) speculation. B) hedging. C) arbitrage. D) A, B and C above. Answer: D 2) A foreign currency ________ contract calls for the future delivery of a standard amount of foreign exchange at a fixed time, place, and price. A) futures B) forward C) option D) swap Answer: A 3) Currency futures contracts have become standard fare and trade readily in the world money centers. Answer: TRUE 4) The