MenuItem 18 {Topic 18} Futures contracts and forward rate ：{ 18 }主题菜单18期货合约和远期汇率.docVIP

MenuItem 18: {Topic 18} Futures contracts and forward rate agreements Question 1: Derivatives are the financial instruments that are: A: assets, such as shares and bonds that derive their value from the value of the company that issues them B: assets whose rates of return must be derived from information published in financial pages C*: assets that derive their value from underlying assets D: derived by investment banks, which then trade them Level: 2 Question 2: Which of the following is a derivative product? A: commercial paper B: mortgage C*: futures D: Treasury note Level: 2 Question 3: Investors and borrowers began to make greater use of the derivatives markets during the 1980s because of: A*: increased volatility in interest rates B: a decline in inflation rates C: a decline in unemployment rates D: growth in national income Level: 2 Question 4: A futures contract is: A: an agreement that specifies the delivery of a commodity or financial security at a predetermined future date, with a price to be negotiated at the time of delivery B*: an agreement that specifies the delivery of a commodity or financial security at a predetermined future date, with a currently agreed-on price `C: an agreement that specifies the delivery of a commodity or financial security at a currently agreed-on price, with a delivery date to be negotiated later D: an agreement that specifies the delivery of a commodity or financial security at a predetermined future date, with a price and delivery to be negotiated later Level: 2 Question 5: A standardised agreement traded on an organised exchange for delivery of a specified security or commodity at a specified price on a predetermined date is a(n): A: hedge contract B*: futures contract C: option D: swap Level: 2 Question 6: At the present time: A: trading futures on agricultural and mineral commodities make up the vast majority of all futures trading B*: trading in financial futures involves more transactions than trading in commodity futu