金融理论与实务第八章练习及答案.docx

1、relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: according to meaning, (1) determine standard volume (units “1“) (2) find associat

2、e “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capacity, measurement and units of measurement of common units of measur

3、ement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and of method 2, and poly method 3, and of method and poly method of re

4、lationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle angle of classification (slightly) 17, and subject: geometry prelimin

5、ary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category 1-d shapes are divided into: cylinder and cone 2, column is divide

6、d into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1, size 2, table .和第八章 金融衍生工具市场一、单项选择题1.在一定的基础性金融工具的基础上派生出来的金融工具，一般表现为一些合约，其价值由作为标的物的基础性金融工具的价格决定的金融工具称为（ ）。A基础性金融工具 B金融衍生工具C派生金融工具

7、 D创新金融工具2.在金融远期合约中，交易双方约定的成交价格为（ ）。A交割价格 B合约价格C交易价格 D约定价格3.金融远期合约中，同意以约定的价格在未来卖出标的资产的一方称为（ ）。A卖方 B多头C多方 D空头4.交易双方承诺在某一特定时期内按双方协议利率借贷一笔确定金额的名义本金的协议是（ ）。A期货合约 B期权合约C远期外汇合约 D远期利率协议5.在金融市场上，商业银行等金融机构经常用来管理利率风险的金融衍生工具为（ ）。A期货合约 B期权合约C远期利率协议 D远期外汇合约6.交易双方同意在约定的将来某个日期按约定的条件买入或卖出一定标准数量的某种金融工具的标准化合约为（ ）。A远期利

8、率协议 B远期外汇合约C期权合约 D期货合约7.金融期货合约的交割方式为（ ）。A全部平仓 B大部分平仓C全部实物交割 D大部分实物交割relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: according to

9、meaning, (1) determine standard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capa

10、city, measurement and units of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and

11、 of method 2, and poly method 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle a

12、ngle of classification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content categor

13、y 1-d shapes are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1, size 2, table .和8.金融期货中最早出现的期货是（ ）。A股价指数期货 B利率期货C外汇期货 D股票期货9

14、.金融期货中产生最晚的期货是（ ）。A外汇期货 B利率期货C股票期货 D股价指数期货10.期权合约中买进期权，付出期权费的投资者是期权合约的（ ）。A卖方 B买方 C买方或卖方 D交易双方11.作为金融期权合约中买卖双方在权利和义务上不对称性的弥补的是（ ）。A期权费 B保证金 C保管费 D预付费12.一份期权合约的最终有效日期是期权的（ ）。A交割日 B购买日C执行日D到期日13.赋予期权的买方在给定时间或在此时间以前的任一时刻以执行价格卖给期权卖方一定数量的某种金融资产权利的期权合约是（ ）。A看涨期权 B看跌期权C美式期权 D欧式期权14.投资者通常会在预期某种金融资产的价格将要下跌时买

15、入（ ）。A股票期权 B期货期权C看涨期权 D看跌期权15.允许期权的持有者在期权到期日前的任何时间执行期权的期权合约是（ ）。A美式期权 B欧式期权relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: accord

16、ing to meaning, (1) determine standard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount

17、of capacity, measurement and units of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly

18、 1, and of method 2, and poly method 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and

19、angle angle of classification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content

20、category 1-d shapes are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1, size 2, table .和C看涨期权 D看跌期权16.金融期权合约在保证金上要求是（ ）。A合约的买

21、卖双方都须交纳保证金B合约的买卖双方都不需要交纳保证金 C合约买方需要交纳保证金，合约卖方不用交纳保证金D合约买方不用交纳保证金，合约卖方需要交纳保证金17.金融期权合约是（ ）。A都是标准化合约B都是非标准化合约C既有标准化合约，也有非标准化合约D可随意选用标准化合约或非标准化合约18.在盈亏风险承担方面，金融期权合约中的卖方（ ）。A损失可能无限，盈利可能无限B损失有限，盈利有限C损失有限，盈利可能无限D损失可能无限，盈利有限19.比较优势理论在金融领域最生动的运用是（ ）。A金融互换 B金融期货C金融期权 D金融远期20.交易双方互相交换金额相同、期限相同、计算利率方法相同，但货币币种不

22、同的两笔资金及其利息的业务是（ ）。A债券互换 B股票互换C利率互换 D货币互换二、多项选择题1.金融衍生工具的特点为（ ）。A构造简单 B高杠杆性C高风险性 D低风险性E设计灵活2.金融远期合约的种类主要有（ ）。A远期利率协议 B远期外汇合约C期权合约 relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores

23、, and percentage application problem of key is: according to meaning, (1) determine standard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem X

24、V, a subject: review of the measurement of the amount of capacity, measurement and units of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships.

25、(Slightly) with a measurement units Zhijian of of poly 1, and of method 2, and poly method 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line,

26、and segment, and Ray, and vertical, and parallel, and angle angle of classification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subjec

27、t : Preliminary knowledge (3)-review of solid content category 1-d shapes are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1,

28、 size 2, table .和D期货合约E利率互换3.远期利率协议的卖方订立远期利率协议的目的主要有（ ）。A规避利率下降的风险 B规避利率上升的风险C从利率下降中牟利 D从利率上升中牟利E规避各种风险4.金融期货合约的主要特点为（ ）。 A在场外交易 B很弱的流动性C很强的流动性D采取盯市原则E在交易所内交易5.金融期货交易所在组织形式上有（ ）。A承包制 B营利性公司制C合伙制 D合作制E非营利性会员制6.金融期货市场的交易规则主要有（ ）。A交易品种为规范的、标准化的期货合约B实行当日无负债结算制度C实行保证金制度D实行价格限制制度E实行强行平仓制度7.下列金融衍生工具中，实行每日结

29、算方式的有（ ）。A外汇期货 B利率期货C金融期权D金融远期E股票价格指数期货8.目前市场上利率期货交易的主要品种有（ ）。A公司债券期货 B长期国债期货C定期存单期货D中长期债券期货E短期国库券期货9.股票价格指数期货的功能有（ ）。A套期保值relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and

30、percentage application problem of key is: according to meaning, (1) determine standard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a s

31、ubject: review of the measurement of the amount of capacity, measurement and units of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Sligh

32、tly) with a measurement units Zhijian of of poly 1, and of method 2, and poly method 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and se

33、gment, and Ray, and vertical, and parallel, and angle angle of classification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Pr

34、eliminary knowledge (3)-review of solid content category 1-d shapes are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1, size

35、2, table .和B投机获利C资本增值 D追求高额收益E追求超额收益10.金融期权按其权利性质划分，可以分为（ ）。A股票期权B外汇期权C美式期权 D看跌期权E看涨期权11.金融期权按合约的标的资产来划分，可以分为（ ）。A股票期权 B外汇期权C期货期权 D看跌期权E看涨期权12.金融互换的种类有（ ）。A产品互换B股票互换C利率互换D债券互换E货币互换三、名词解释。1.金融衍生工具2.套期保值3.金融远期合约四、简答题1.金融期货合约具有哪些特点？五、计算题1.某投资者手中持有 A 股票 20000 股，买入价为每股 10 元。该投资者预期未来 3 个月，A 股票价格波动在9.59.9

36、之间。为了规避风险，该投资者以 4000 元的价格出售 1 份 A 股票为标的资产，数量为 20000 股的看涨期权合约，执行价定在 10.5 元。假设该期权的买卖双方都是理性的投资者，试计算说明未来 3 个月 A 股票的价格上涨超过 10.5 元与未超过 10.5 元两种情况下，期权买卖双方行权的情况各自的收益情况。2.A 公司 3 个月后需要 1 笔日元的款项，由于担心未来日元兑美元升值，A 公司在期货市场应该如何操作才能规避此类风险？（假设当前现货市场日元对美元的即期汇率为 1 日元兑 0.美元，期货市场 1 日元兑 0.美元。假设 3 个月后日元升值，现货市场上 1 日元兑 0.美元，

37、期货市场上 1 日元兑 0.美元。假设期货市场上的合约可以根据需要来设计。）六、论述题。1.试述金融衍生工具主要有哪些？主要特点如何？relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: according to m

38、eaning, (1) determine standard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capac

39、ity, measurement and units of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and

40、of method 2, and poly method 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle an

41、gle of classification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category

42、 1-d shapes are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1, size 2, table .和答案部分一、单项选择题1.【正确答案】 B【答案解析】 参见教材 P179。2.【正确答案

43、】 A【答案解析】 参见教材 P183。3.【正确答案】 D【答案解析】 参见教材 P183。4.【正确答案】 D【答案解析】 参见教材 P184。5.【正确答案】 C【答案解析】 参见教材 P185。6.【正确答案】 D【答案解析】 参见教材 P186。7.【正确答案】 B【答案解析】 参见教材 P187。8.【正确答案】 C【答案解析】 参见教材 P189。9.【正确答案】 D【答案解析】 参见教材 P191。10.【正确答案】 B【答案解析】 参见教材 P192。11.【正确答案】 A【答案解析】 参见教材 P192。12.【正确答案】 D【答案解析】 参见教材 P193。13.【正确答

44、案】 B【答案解析】 参见教材 P193。14.【正确答案】 Drelationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: according to meaning, (1) determine standard volu

45、me (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capacity, measurement and units of measu

46、rement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and of method 2, and poly method 3, and

47、 of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle angle of classification (slightly) 17

48、, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category 1-d shapes are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1, size 2, table .和【答案解析】 参见教材 P193。15.【正确答案】 A【答案解析】 参见教材 P193。16.【正确答案】 D【答案解析】 参见教材 P194。17