第七章外汇期货与外汇期权.doc

______________________________________________________________________________________________________________ 精品资料 Lecture10(Chapter 07) Futures and Options on Foreign Exchange 外汇期货与期权 ? 1.?A put option on $15,000 with a strike price of €10,000 is the same thing as a call option on €10,000 with a strike price of $15,000.?TRUE 2.?A CME contract on €125,000 with September delivery?交货A.?is an example of a forward contract.B.?is an example of a futures contract.C.?is an example of a put option.D.?is an example of a call option. 3.?Yesterday, you entered into a futures contract to buy €62,500 at $1.50 per €. Suppose the futures price closes today at $1.46. How much have you made/lost??A.?Depends on your margin balance.B.?You have made $2,500.00.C.?You have lost $2,500.00.D.?You have neither made nor lost money, yet. 4.?In reference to the futures market, a speculator?A.?attempts to profit from a change in the futures priceB.?wants to avoid price variation by locking in a purchase price of the underlying asset through a long position in the futures contract or a sales price through a short position in the futures contractC.?stands ready to buy or sell contracts in unlimited quantityD.?both b) and c) 5.?Comparing forward and futures exchange contracts, we can say that?A.?they are both marked-to-market daily.B.?their major difference is in the way the underlying asset is priced for future purchase or sale: futures settle daily and forwards settle at maturity.C.?a futures contract is negotiated by open outcry between floor brokers or traders and is traded on organized exchanges, while forward contract is tailor-made by an international bank for its clients and is traded OTC.D.?both b) and c) ? Topic: Futures Contracts: Some Preliminaries? 6.?Comparing forward远期合约 and futures期货合约 exchange contracts, we can say that?A.?delivery of the underlying asset is seldom made in futures contracts.B.?delivery of the underlying asset is usually made in forward cont