北京语言大学2015春《金融英语》作业3 答案

北语15春《金融英语》作业3 答案



一、单选题（共 20 道试题，共 100 分。）

1. The buyer and seller of a futures contract make their contract not with each other
but with the
___ associated with the futures exchange.
A. commercial house
B. commission house
C. clear house
D. clearing house
正确答案：D
2. One economic function provided by futures exchanges is price risk management,
also known
as ___.
A. evasion
B. hiding
C. hedging
D. avoiding
正确答案：C
3. I’m afraid you have got a lot more questions to ___ me again.
A. fight
B. wait
C. ask for
D. challenge
正确答案：D
4. To be brief, a hedge is placed by taking a futures position opposite to the
position held in the
___ market.
A. cash
B. share
C. stock
D. futures
正确答案：A
5. Because of overbuying, the shares have heavily___.
A. appreciated
B. overvalued
C. increaced
D. depreciated
正确答案：A
6. A long position involves inflows ___ than outflows in a currency.

A. smaller
B. greater
C. fewer
D. less
正确答案：B
7. You are right and you are ___ my mind.
A. watching
B. seeing
C. reading
D. knowing
正确答案：C
8. When you buy the corn on the cash market, you can ___ a futures contract of the
same
amount of corn on the futures market in anticipation of the corn price’s falling.
A. sell long
B. sell short
C. sell out
D. sell up
正确答案：B
9. A call is an option that gives the buyer the right to purchase the underlying
futures contract at
the ___ on or before the expiration rate.
A. final price
B. bet
C. agreed price
D. strike price
正确答案：D
10. In fact, when I bought the contract, the price was still falling ___ a week later.
A. until
B. before
C. unless
D. after
正确答案：A
11. The futures market is used primarily for either risk management or ___, and
neither purpose
requires delivery.
A. gamble
B. venture
C. speculation
D. adventure
正确答案：C
12. I think it’s time I ___ in on the action.
A. will get
B. get

C. got
D. have got
正确答案：C

13. Futures prices are ___ for delivering a designated quality and quantity of grain
to a specified
place and time.
A. quotes
B. quotations
C. cites
D. citations
正确答案：A
14. Foreign exchange dealing is more or less like a ___ gamble on exchange rates.
A. calculated
B. malicious
C. deliberate
D. on purpose
正确答案：A
15. In order to save the stock market from collapsing and to guarantee the financial
repaying
ability, the government will have to raise the ___.
A. exchange rate
B. profit
C. benefit
D. interest rate
正确答案：D
16. No actual commodity is physically traded on the futures market. Instead ___ are
bought and
sold.
A. futures contracts
B. shares
C. stocks
D. agreements
正确答案：A
17. Other market participants purchase options as a way to ___ on asset price
movements.
A. contemplate
B. gamble
C. conjecture
D. speculate
正确答案：D
18. Parties who have bought a futures contract are said to have taken a ___ position.
A. big
B. short