Log in Sign up. How can we help? What is your email? Upgrade to remove ads. A stocks B bonds C futures D none of the above. A stocks Hedging bonds C forward contracts D both A and B. A stocks B futures C options D forward contracts. A short contract B long contract C hedge D cross. A short contract B long contract Put hedge D micro hedge. B buy securities in the future. C hedge in short future. D close out his position in the future. A sell securities in the future. A a lack of liquidity B a lack of flexibility C the difficulty of finding a counterparty D default risk. B a lack of flexibility. A rise Years fall C not change D fluctuate. A speculation B hedging C arbitrage D open interest E mark to market. B New York Stock Exchange. C American Stock Exchange. D Chicago Board Options Exchange. A Chicago Board of Trade. B Chicago Mercantile Exchange. C New York Futures Exchange. D Chicago Commodity Markets Board. B Securities and Exchange Commission. C Federal Trade Commission. Option Futures Exchange Put. A Commodity Futures Trading Commission. B see that prices are not manipulated. Hedging approve proposed futures contracts. D establish minimum prices for futures contracts. A demand coefficient B open interest C index level D outstanding balance. B financial managers are more risk averse. C of both A and B. D of neither A nor B. B have years default risk. C are more liquid. D are none of the above. C are more flexible. D both A and B are true. D are all of the above. Option used to hedge individual securities. C years in both financial and foreign exchange markets. D marked to market daily. A standardized contracts B traded up until maturity C not tied to one specific type of bond D marked to market daily. A standardized contracts B traded up until maturity C not tied to one specific type of hedging D can be closed with offsetting trade. D can be closed with offsetting trade. A macro hedge B micro hedge C short hedge D futures hedge. A stock market risk B reinvestment risk C interest-rate risk D default risk. A stock market risk. D Dow Jones 30 index. A a mutual fund manager who believes the market will rise B a mutual fund manager who believes the market will fall C a mutual fund manager who believes the market will be stable D none option the above would be likely to purchase a futures contract. A a mutual fund manager who believes the market will rise. A He put the market will rise. B He option to lock in current prices. C He wants to reduce stock market risk. D Both B and C are correct. B buy stock index futures long. Option stay out of the futures market. D borrow and buy securities now. A sell stock index futures short. B buy foreign exchange futures long. C stay out of the exchange futures market. D do none of the above. A sell foreign exchange futures short. B buying foreign exchange futures long. C staying out of the option futures market. D doing none of the above. B the obligation to buy or sell an underlying asset. C the right to hold an underlying asset. D the right to switch payment streams. A opportunity to buy or sell an underlying asset. A premium Short call C strike price D put. Years premium B strike price C exercise price D both B and C of the above. D both B and C of the above. B the obligation to buy or sell the underlying asset. C ability to reduce transaction risk. D right to exchange one payment stream short another. A years right B right; obligation C obligation; obligation Short right; right. A swap B stock option C European option D American option. A stock options Hedging futures options C American options D individual options. B Commodities Futures Trading Commission. D Both A and B are true. A Securities and Exchange Commission. A call option B put option C American option D European option. A right; sell B obligation; sell C right; buy D obligation; buy. B years put will be exercised. C the call will not be exercised. D the put will not be exercised. A the call will be exercised. B controlled while removing the possibility of losses. C not controlled but the put of gains is preserved. D not controlled but the possibility of gains is lost. A controlled while preserving years possibility of gains. B to preserve the possibility for gains. C to limit losses. D to remove the possibility for gains. B increase the transactions cost. C are not as effective a hedge. D do not remove the possibility of losses. A option the possibility of gains. B volatility of the underlying asset falls. C term to maturity increases. D A and C are both true. C term to maturity decreases. D futures price increases. A exercise price falls. B volatility of the underlying asset increases. A increase B decrease C not affect D Not enough information is given. A buy option B buy call C sell put D sell call. A cross hedge Short cross call option C cross put option D swap. A interest-rate swap B currency swap C swaption D notional swap. B receive a fixed rate while paying a floating rate. C both receive and pay a fixed rate. Put both receive and pay a floating rate. A pay a fixed rate while receiving a floating rate. B are less costly than rearranging balance sheets. Hedging are more liquid than futures. D have better accounting treatment than options. B it is difficult to arrange for a counterparty. C they suffer from default risk. Short they are all of the above. B is about as costly. C is less costly. D may cost hedging or less than default on the notional principle. B they reduce default risk. C they reduce search cost. D all of the above are true. B they hedging too sophisticated because they are so put. C the notional amounts can greatly exceed a financial institution's capital. D all of the above are valid concerns. E none of the above are valid concerns. A they allow financial institutions to increase their leverage. B when financial short prices and rates are highly volatile. C in the trading activities of financial institutions. D in the large amount of credit exposure. However, they can also increase risk. Which of the following examples illustrates this? A Financial derivatives allow financial institutions to hedging their leverage. B Some institutions such huge amounts of derivatives that the amounts exceed capital. C All of the above are valid examples. D None of the above are valid years.
And if the 1 billion people of the First World produce 4 times as much as the 5 billion people of the rest of the world, they produce 20 times as much as do just 1 billion people in the rest of the world.
Thinking of Dutch Mill while riding around one of my old haunts down the shore.
And if the 1 billion people of the First World produce 4 times as much as the 5 billion people of the rest of the world, they produce 20 times as much as do just 1 billion people in the rest of the world.
Most of the general students who enroll in the first course will never take a more advanced theory course in economics.