新用户扫码下载
扫码下载APP
及时接收最新考试资讯及
备考信息
"Derivative"exercise:Derivative instrument
学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！
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=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯，点击了解>
推荐阅读
新用户扫码下载
京公网安备 11010802044457号
