CFA备考-典型例题典型例题_Derivative-2017.pdfVIP

Derivatives 1. In contrast to over-the-counter options, futures contracts: A. are not exposed to default risk. B. are private, customized transactions. C. represent a right ratherthan a commitment. Answer:A A is correct. Over-the counter options are exposed to default risk but futures contracts are standardized transactions that take place onfutures exchanges and are not exposed to default risk. 2. Which of the following best describes how derivatives are priced? A. A hedge portfolio is used that eliminated arbitrage opportunities. B.T