A. Because assets and liabilities are not evenly matched on the same time scale. S7 K5 o! a# u7 l
B. Because assets and liabilities are evenly matched
. H! j- V* ^$ X* [4 s C. Because the interbank market uses LIBOR/ o. J- f9 `( j8 o: b- Y
D. Because assets and liabilities can be underwritten
9 c0 j; h" G+ ~4 U& ]* d, X8 o* Z 18. If the expected returns of two risky assets have a perfect negative correlation, then risk .
) q) D% `$ M9 e$ g: y A. is increased( Q1 a. ~1 B" V8 d& f$ O3 I8 b
B. falls to zero
% r. @: {9 v# H }# |" q C. is unaffected ~/ b5 T% ~ A3 F# R4 y+ t, \
D. is reduced by one-half
1 K% f9 ?+ z& c5 L9 p2 `+ y" d 19. A possible disadvantage of freely fluctuating exchange rates with no official intervention is that .
' z' h( l$ c4 l A. some nations would experience continual deficits
1 w$ J: r$ y/ K B. the exchange rates may experience wide and frequent fluctuations
) Q; u* `+ Q) L5 t8 v t, U" `% d( j C. nations would no longer be able to undertake domestic policies designed to achieve and maintain full employment; K. V# H$ G. [7 O+ b5 m
D. nations would need a larger supply of international reserves than otherwise8 v. d1 U. \' c- u% m9 r
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?2 u1 |) L' `4 A6 J" a2 Q4 ^
A. Short ￡2 058 478.10 long $3 370 000 at 1.6371
# R$ D) S! z# a$ U" J2 C B. Long ￡5 941 521.90 short $9710 000 at 1.6342$ \. ~" D2 Z/ i+ ]5 R
C. Short ￡5 941 521.90 long $9 710 000 at 1.6342
. e, U y& @: y8 M$ ^ w D. Long ￡4 058 478.10 short $6 630 000 at 1.6336
3 o9 @0 G, s" u9 q 答案：
- V5 c) E G, L& T3 y- ]5 \2 v) u5 y 1.D 2.B 3.A 4.A 5.A 6.C 7.A 8.B 9.A 10.A
5 ^& @* F6 @% _ 11.B 12.B 13.D 14.B 15.A 16.A 17.A 18.B 19.B 20.D |
发表于 2012-8-16 08:05:44
