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Q1. Which of the following statements regarding both futures contracts and forward contracts is least accurate?
A) They carry counterparty risk.
B) They are priced to have zero value at the initiation of the contract.
C) For deliverable contracts, the short must deliver the underlying asset at a future date
Q2. Which of the following statements regarding forwards and futures is FALSE?
A) Unlike futures, forwards carry counterparty risk.
B) Unlike forwards, futures are always deliverable contracts.
C) Like futures, forwards are priced to have zero value at contract initiation.
Q3. Which of the following is NOT a feature that distinguishes futures contracts from forward contracts? Futures contracts:
A) are regulated by the government.
B) cover a specific quantity of the underlying asset.
C) are not customized securities.
Q4. Madison Bailey recently purchased a futures contract. The transaction did NOT:
A) use a structured contract.
B) take place through a private party.
C) include a guaranty by a clearinghouse.
Q5. Which of the following statements about forward contracts and futures contracts is FALSE? Forwards:
A) are private contracts, unlike futures.
B) are unique contracts, unlike futures.
C) have no default risk, unlike futures.
Q6. Which of the following is a difference between futures and forward contracts? Futures contracts are:
A) standardized.
B) over-the-counter instruments.
C) larger than forward contracts.
Q7. Which of the following statements about futures and forwards is FALSE?
A) The buyer of a forward posts a margin directly with the seller.
B) Futures contracts are highly structured; forward contracts are unique to each transaction.
C) An individual could sell an asset in the future using either a future or a forward contract.
Q8. Which type of futures contract does NOT allow for the underlying goods to be delivered?
A) Index.
B) Interest rate.
C) Agricultural.
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发表于 2009-3-2 10:03
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