题目内容

Both covered and uncovered interest arbitrage are risky operations in the sense that the returns are unknown until all transactions are complete.

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When the cross rate for currencies offered by two banks differs from the exchange rate offered by a third bank, a triangular arbitrage opportunity exists.

$20/£ is an example of an American term foreign exchange quote

Which of the features does not belong to that of forfaiting?

A. without recourse to the seller
B. carrying medium or long- term maturities
C. discounting export receivables
D. financing all debt

A firm with fixed-rate debt that expects interest rates to fall may engage in a swap agreement to

A. pay fixed-rate interest and receive floating rate interest.
B. pay floating rate and receive fixed rate.
C. pay fixed rate and receive fixed rate.
D. pay floating rate and receive floating rate.

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