题目内容

D/P term is involved in Documentary collection, and it means that the documents will be released to the importer only after he/she accepts the draft.

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A written statement by the exporter ordering the importer to pay a specific amount of money at a specified future date is known as a promisory note.

About 95% of all futures contracts are settled by real physical delivery of foreign exchange between buyers and seller.

The main advantage(s) of over-the-counter foreign currency options over exchange-traded options is(are)

A. expiration dates tailored to the needs of the client.
B. amounts that are tailor made.
C. client desired expiration dates.
D. all of the above.

Peter Simpson thinks that the U.K. pound will cost $1.48/£ in six months. A 6-month currency futures contract is available today at a rate of $1.44/£ . If Peter was to speculate in the currency futures market, and his expectations are correct, which of the following strategies would earn him a profit?

A. Sell a pound currency futures contract
Buy a pound currency futures contract.
C. Sell pounds in six months.
D. Sell pounds today.

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