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Chapter3InternationalFinancialMarkets练习答案详解
Chapter3InternationalFinancialMarkets练习答案详解
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Chapter3InternationalFinancialMarkets练习答案详解
Chapter3InternationalFinancialMarkets
Assumethatabank'sbidrateonSwissfrancsis$.45anditsaskrateis$.47.Itsbid-askpercentagespreadis:
A)about%.B)about%.C)about%.D)about%.
ANSWER:B
bid/askspread = askrate–bidrate
askrate
SOLUTION:Bid-askpercentagespread=($.47-$.45)/$.47=%
Assumethatabank'sbidrateonJapaneseyenis$.0041anditsaskrateis$.0043.Itsbid-askpercentagespreadis:
A)about%.B)about%.C)about%.D)about%.
ANSWER:C
SOLUTION:Bid-askpercentagespread=($.0043-$.0041)/$.0043=%
Thebid/askspreadforsmallretailtransactionsiscommonlyintherangeof______
percent;thebid/askspreadforwholesaletransactionsiscommonlyintherangeof
______percent.
ANSWER:A
_______isnotafactorthataffectsthebid/askspread.A)Ordercosts
B)InventorycostsC)Volume
D)Alloftheabovefactorsaffectthebid/askspread
ANSWER:D
Theforwardrateistheexchangerateusedforimmediateexchangeofcurrencies.A)true.
B)false.
ANSWER:B
Theaskquoteisthepriceforwhichabankofferstosellacurrency.A)true.
B)false.
ANSWER:A
Accordingtothetext,theforwardrateiscommonlyusedfor:A)hedging.
B)Eurocurrencytransactions.
Eurocredittransactions.
Eurobondtransactions.
ANSWER:A
IfaU.S.firmdesirestoavoidtheriskfromexchangeratefluctuations,anditisreceiving
100,000in90days,itcould:
A)obtaina90-dayforwardpurchasecontractoneuros.B)obtaina90-dayforwardsalecontractoneuros.
C)purchaseeuros90daysfromnowatthespotrate.D)selleuros90daysfromnowatthespotrate.
ANSWER:B
IfaU.S.firmdesirestoavoidtheriskfromexchangeratefluctuations,anditwillneedC$200,000in90daystomakepaymentonimportsfromCanada,itcould:
A)obtaina90-dayforwardpurchasecontractonCanadiandollars.
obtaina90-dayforwardsalecontractonCanadiandollars.
purchaseCanadiandollars90daysfromnowatthespotrate.
sellCanadiandollars90daysfromnowatthespotrate.
ANSWER:A
AssumetheCanadiandollarisequalto$.88andthePeruvianSolisequalto$.35.ThevalueofthePeruvianSolinCanadiandollarsis:
A)
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