新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"Derivative"exercise:Derivative instrument
學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網校每日為大家上新CFA習題供大家練習。讓網校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
A derivative can best be described as a financial instrument that:
A、 duplicates the underlying asset’s performance.
B、 transforms the underlying asset’s performance.
C 、passes through the underlying asset’s returns.
Questions 2:
Which of the following is most likely to be a feature common to both forward and futures contracts?
A、 Daily marking to market of contracts
B 、Standardization of the contract’s terms and conditions
C 、Their use for hedging or speculation
View answer resolution
【Answer to question 1】B
【analysis】
B is correct. The best characterization of a derivative is that it typically transforms the underlying asset’s performance.
A is incorrect. A derivative transforms the performance of the underlying asset rather than duplicating the performance of the underlying asset.
C is incorrect. A derivative transforms the performance of the underlying asset rather than passing through the returns of the underlying asset.
【Answer to question 2】C
【analysis】
C is correct. Both forward and futures contracts can be used for hedging an exposure or speculating on the particular price direction of the underlying security.
A is incorrect. Daily marking to market is a feature associated only with futures contracts.
B is incorrect. Standardized contract terms and conditions are associated only with futures contracts.
成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。更多CFA考試資訊，點擊了解>
學員討論（0）
推薦閱讀
新用戶掃碼下載
京公網安備 11010802044457號
