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1:There are many types of derivatives: three of the most
common are （ ） , futures and
forwards.
[‘hedging’, ‘option’, ‘speculating ‘, ‘bond’]
答案：[‘2’]
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2:A call option is （ ） the money when the market price is higher than
exercise price; a put option is in the money when the market price is （ ） than strike price.
[‘at、lower’, ‘out of、higher ‘, ‘in、lower’, ‘to、higher ‘]
答案：[‘3’]
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3:For futures, at the end of the day every trader’s
account is （ ） , which means that paper profits are
added and paper losses are subtracted.
[‘marked to price’, ‘marked to market’, ‘locked-in’, ‘maintained’]
答案：[‘2’]
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4:Exchange-traded derivatives are traded on the floors
of organized securities exchanges and usually requires a good faith or （ ） deposit when buying or selling a contract.
[‘current’, ‘margin’, ‘time’, ‘lump-sum’]
答案：[‘2’]
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5:Compared with forward, future contract have the
characteristics of （ ） .
[‘settlement at expiration’, ‘delivery of underlying’, ‘Continuous settlement’, ‘standardized and marketable contracts’]
答案：[‘3’, ‘4’]
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6:Call and put options are out of the money when
the market price is exactly equal to exercise price.
[‘T’, ‘F’]
答案：[‘2’]
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7:When a trader or investor owns a financial
instrument, he or she is said to be short that particular asset.
[‘T’, ‘F’]
答案：[‘2’]
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8:An option’s premium consists of two components:
intrinsic value and time value.
[‘T’, ‘F’]
答案：[‘1’]