第十章 作业练习（Chapter x homework exercises）.docVIP

第十章 作业练习（Chapter x homework exercises） Chapter x homework exercises 1. Noun interpretation: Forward rate agreement Financial swaps Financial futures Financial options Call options Put options Ii. Judgment 1. Interest rate swaps are traded within the financial derivatives market according to different trading venues. (a) 2. Financial derivatives exchanges are generally composed of trading halls, brokers and dealers. (a) 3. The general forward rate agreement is used as the reference rate for local market interest rates. (a) 4. One of the features of the swap is that it is a customised way of trading. Both parties can choose the size of the transaction, or the length of the time limit. (a) Interest rate futures trading took advantage of lower interest rates, which led to a drop in the price of bonds. (a) 6. The European option allows the option holder to execute the option at any time before the expiration date of the option. (a) 7. Based on the nature of the underlying assets, options can be classified into European options and American options. (a) Iii. Single topic: 1. From an academic perspective, () is the two basic components of a derivative instrument. A. forwards and swaps b. forwards and futures C. forward and option d. futures and options 2. In the financial exchange market, which of the following transaction subjects entered the market was for speculative trading (). A. Direct user b. exchange brokers C. exchange dealers d. exchange agents 3. According to the bank for international settlements (BIS), in late 2005, in the global otc derivatives market, () was the most active derivative of trading. A. foreign exchange forward B. Interest rate swap C. Forward rate agreement D. Interest rate option 4. The underlying asset of interest rate futures fluctuates with the market interest rate (). A. stock product b. bond products C. fund products d. foreign exchange products 5. The market function of the supply and demand mechanism, price mechanism, efficiency mechan