[CFA level 1模拟真题]Version 1 Questions－Q21 forward, foreign, currency, different, face

cfaedu

Q21. With respect to foreign currency markets in which maturities are different for different contracts, as the

maturity of the: forward currency market increases, wi[I:

laid-ask spreads decrease?                Liquidity decrease?

A.        NO                                   NO

E.        NO                                   YES      

C.        YES                                  NO

D.        YES                                  YES

 

答案和详解如下：

Q21.   B       study session 6-31,e

The unique feature of forward contracts is that the maturity is different for different for different contracts. The longer the contract the less liquid it is and the higher the bid-ask spread.

hussien

thanks..

vivian1022

b

technet

b

fantasy_ln

see

ondesert

a

sagachao

[em07]

47dx

sese

ella_li

b

hollow

?