标题: Reading 69: Forward Markets and Contracts-LOS e 习题精选 [打印本页]
作者: 1215 时间: 2011-3-31 11:29 标题: [2011]Session17-Reading 69: Forward Markets and Contracts-LOS e 习题精选
Session 17: Derivatives
Reading 69: Forward Markets and Contracts
LOS e: Describe the characteristics of the Eurodollar time deposit market, and define LIBOR and Euribor.
Which of the following statements regarding Eurodollar time deposits is NOT correct?
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A) |
Rates are quoted as an add-on yield. | |
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B) |
Sometimes the best rates are available in New York City. | |
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C) |
They are available in Switzerland. | |
Eurodollar time deposits are U.S. dollar denominated deposits outside the United States. Rates are quoted as an annualized add-on yield, based on a 360-day year.
作者: 1215 时间: 2011-3-31 11:30
Eurodollar time deposits are:
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A) |
denominated in U.S. dollars (USD). | |
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C) |
actively traded in the secondary market. | |
Eurodollar time deposits are USD denominated deposits with large banks outside the U.S. They are usually short term and not traded in a secondary market.
作者: 1215 时间: 2011-3-31 11:31
Which of the following statements regarding Eurodollar time deposits is NOT correct?
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A) |
Euro denominated deposits at large banks in the U.S. are Eurodollar accounts. | |
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B) |
USD denominated deposits in large banks in Tokyo are Eurodollar accounts. | |
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C) |
U.S. dollar (USD) denominated deposits at large banks in London are Eurodollar accounts. | |
Eurodollar deposits are USD denominated deposits in large banks held outside the United States. By convention, the rates are quoted as an add-on yield. Following this convention, euro-denominated deposits held outside of the euro-block countries would be “Euroeuro” deposits.
作者: 1215 时间: 2011-3-31 11:31
The offer rate on U.S. dollar (USD) denominated loans between large banks in London is called:
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A) |
London Interbank Offered Rate (LIBOR). | |
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The rate on USD denominated loans between large banks in London is the LIBOR.
作者: 1215 时间: 2011-3-31 11:31
If 60-day London Interbank Offered Rate (LIBOR) is 6 percent, the interest on a 60-day LIBOR-based Eurodollar deposit of $990,000 is:
0.06 × (60/360) × 990,000 = $9,900.
作者: 1215 时间: 2011-3-31 11:31
Euribor is:
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A) |
the same as EuroLIBOR. | |
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B) |
published by the European Central Bank. | |
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C) |
the rate on U.S. dollar deposits in continental Europe. | |
Euribor is the interbank lending rate for Euro denominated loans, published by the European Central Bank, and compiled in Frankfurt.
作者: 1215 时间: 2011-3-31 11:32
If the U.S. discount rate is 2.5% and the London Interbank Offered Rate (LIBOR) is +7.5%, the add-on interest that must be paid on a 60-day, $250 million loan is closest to:
Add-on interest = LIBOR × (60/360) × $250 million
Interest = 7.5% × (1/6) × $250 million = $3.125 million
作者: 1215 时间: 2011-3-31 11:32
Which of the following is least likely a characteristic of London Interbank Offered Rate (LIBOR)?
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B) |
Paid on loans denominated in U.S. dollars. | |
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C) |
Set by the European Central Bank. | |
LIBOR is published by the British Bankers Association based upon quotes from a number of large banks. The rate is determined on a daily basis. LIBOR can apply to loans in U.S. dollars, as well as a variety of other major currencies.
作者: luqian55 时间: 2011-9-30 16:54
thanks a lot
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