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LOS b: Identify the types of options in terms of the underlying instruments.
Q1. Financial options include all of the following EXCEPT options on:
A) futures.
B) interest rates.
C) foreign currencies.
Q2. An option to buy Mexican pesos is:
A) a currency option.
B) an exchange rate option.
C) a foreign option.
Q3. Which of the following statements regarding interest-rate options is least accurate?
A) Call option values move in the same direction as interest rates.
B) They are based on a specific interest rate rather than a bond.
C) They are based on a fixed income security.
Q4. An option is settled in cash, with nothing delivered. The long payoff is the difference between the security value and the strike price, multiplied by a contract multiplier. The option is a(n):
A) commodity option.
B) futures option.
C) index option.
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发表于 2009-3-2 10:34
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