答案和详解如下： Q1. A foreign currency is quoted at $1.5558 - 70. The percentage spread is closest to: A) 0.00120%. B) 0.07707%. C) 0.07713%. Correct answer is B) Percent spread = [(Ask price – Bid price)/Ask price] × 100
Percent spread = [(1.5570 – 1.5558)/1.5570] × 100 = 0.07707% Q2. Today’s spot CAD bid exchange rate is 1.425 CAD/EUR and the ask exchange rate is 1.435 CAD/EUR. The percent spread is closest to: A) 0.702%. B) 0.489%. C) 0.697%. Correct answer is C) The percentage spread is the same irrespective of how the quote is made. The percentage spread is calculated as: (1.435 − 1.425) / 1.435 × 100 = 0.697% Q3. Assume that the EUR/USD six-month forward exchange rate is quoted at 0.82556 – 0.82633. From a European dealer’s perspective, what is the bid-ask spread as a percentage of the ask price based on a direct quote? A) 0.0932%. B) 0.0933%. C) 0.0009%. Correct answer is A) The spread is the difference between the bid and the ask or 0.82633 – 0.82556 = 0.00077. The spread as a percent of the ask price is (0.00077 / 0.82633) or 0.0932%. | 
发表于 2009-1-13 11:29
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