对外经济贸易大学国际商学院 国际财务管理 平时测验 c.Strip transactions d.Futures transactions 9.A transaction in the foreign exchange market requires delivery of foreign exchange at some future date. a.spot b.forward c.swap d.currency 10.A forward contract to deliver British pounds for U.S.dollars could be described either as or a.buying dollars forward;buying pounds forward b.selling pounds forward;selling dollars forward c.selling pounds forward;buying dollars forward d.selling dollars forward;buying pounds forward 11.Most foreign exchange transactions are through the U.S.dollar.If the transaction is expressed as the foreign currency per dollar this known as whereas are expressed as dollars per foreign unit. a.European terms;indirect b.American terms:direct c.American terms;European terms d.European terms;American terms 12.The date of settlement for a foreign exchange transaction is referred to as: a.Value date b.Maturity date c.Swap date d.Transaction date 13.A foreign currency contract calls for the future delivery of a standard amount of foreign exchange at a fixed time,place,and price. a.futures b.forward c.option d.swap 14.A speculator in the futures market wishing to lock in a price at which they could a foreign currency will a futures contract. a.buy;sell b.sell;buy c.buy;buy d.None of the above 15.A speculator that has a futures contract has taken a position a.sold;long b.purchased:short c.sold;short d.purchased:sold 16 Which of the following is NOT a difference between a currency futures contract and a forward contract? a.The futures contract is marked to market daily whereas the forward contract is only due to be settled at maturity. -2-对外经济贸易大学国际商学院 国际财务管理 平时测验 c. Strip transactions d. Futures transactions 9. A ________ transaction in the foreign exchange market requires delivery of foreign exchange at some future date. a. spot b. forward c. swap d. currency 10. A forward contract to deliver British pounds for U.S. dollars could be described either as ______ or _______________. a. buying dollars forward; buying pounds forward b. selling pounds forward; selling dollars forward c. selling pounds forward; buying dollars forward d. selling dollars forward; buying pounds forward 11. Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this known as _____________ whereas ___________ are expressed as dollars per foreign unit. a. European terms; indirect b. American terms; direct c. American terms; European terms d. European terms; American terms 12. The date of settlement for a foreign exchange transaction is referred to as: a. Value date b. Maturity date c. Swap date d. Transaction date 13. A foreign currency ___________ contract calls for the future delivery of a standard amount of foreign exchange at a fixed time, place, and price. a. futures b. forward c. option d. swap 14. A speculator in the futures market wishing to lock in a price at which they could _______ a foreign currency will ________ a futures contract. a. buy; sell b. sell; buy c. buy; buy d. None of the above 15. A speculator that has ______ a futures contract has taken a ________ position. a. sold; long b. purchased; short c. sold; short d. purchased; sold 16 Which of the following is NOT a difference between a currency futures contract and a forward contract? a. The futures contract is marked to market daily whereas the forward contract is only due to be settled at maturity. - 2 -