题目内容

A foreign exchange market is unstable if the supply curve is positively sloped and less elastic () than the demand curve of foreign exchange. ()

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The Marshall–Lerner condition indicates a stable foreign exchange market if the sum of the price elasticities of the demand for imports and the demand for exports0, in absolute terms, is less than 1. ()

A foreign exchange option is a forward contract for standardized currency amounts and selected calendar dates traded on the exchange market. ()

Stabilizing speculation refers to the avoidance of a foreign exchange risk, or the covering of an open position. ()

Destabilizing speculation refers to the sale of a foreign currency when the exchange rate falls or is low, in the expectation that it will fall even lower in the future, or the purchase of a foreign currency when the exchange rate is rising or is high, in the expectation that it will rise even higher in the future. ()