金融英语单选测题—FECT（3）
A. Because assets and liabilities are not evenly matched on the same time scaleB. Because assets and liabilities are evenly matched
C. Because the interbank market uses LIBOR
D. Because assets and liabilities can be underwritten
18. If the expected returns of two risky assets have a perfect negative correlation, then risk .
A. is increased
B. falls to zero
C. is unaffected
D. is reduced by one-half
19. A possible disadvantage of freely fluctuating exchange rates with no official intervention is that .
A. some nations would experience continual deficits
B. the exchange rates may experience wide and frequent fluctuations
C. nations would no longer be able to undertake domestic policies designed to achieve and maintain full employment
D. nations would need a larger supply of international reserves than otherwise
20. What are your GBP/USD position and the average rate if you sell ￡4m at 1.6350 buy ￡5m at 1.6340 and sell $5m at 1.6348?
A. Short ￡2 058 478.10 long $3 370 000 at 1.6371
B. Long ￡5 941 521.90 short $9710 000 at 1.6342
C. Short ￡5 941 521.90 long $9 710 000 at 1.6342
D. Long ￡4 058 478.10 short $6 630 000 at 1.6336
答案：
1.D 2.B 3.A 4.A 5.A 6.C 7.A 8.B 9.A 10.A
11.B 12.B 13.D 14.B 15.A 16.A 17.A 18.B 19.B 20.D
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