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NEW QUESTION: 1
As part of risk assessment exercise for a low-cost airline you are requested to match the risks listed below with the most approriate method of minimising or dealing with each risk.
Answer:
Explanation:
NEW QUESTION: 2
An American importer expects to pay a British supplier 500,000 British pounds in three months. Which of
the following hedges is best for the importer to fix the price in dollars?
A. Selling British pound call options.
B. Buying British pound put options.
C. Selling British pound put options.
D. Buying British pound call options.
Answer: D
Explanation:
Choice "a" is correct. To fix a price in dollars to buy British pounds, British pound call options should be
purchased. Call options would allow, but not require, the purchaser of the call to acquire the currency
(British pounds) for a specified price at or before a specified time in the future. If the price goes down, the
purchaser (the importer) would exercise the options; if not, the purchaser (importer) would buy the British
pounds in the market and let the options expire. British pound futures could also be used, but that was not
one of the choices listed. Choice "b" is incorrect. Buying British pound put options would allow, but not
require, the purchaser of the put to sell the currency for a specified price at a specified time in the future.
Since the importer needs British pounds, buying put options would not work. The importer needs to end
up with British pounds. Choice "c" is incorrect. Selling British pound put options would not work. The
importer needs to end up with British pounds. Selling put options could work, but the option would be
exercised, or not, by the purchaser and not by the importer. If the options were not exercised, the importer
could end up with nothing (other than the option premium). Choice "d" is incorrect. Selling British pound
call options would not work. The importer needs to end up with British pounds; if call options are sold, the
other party can exercise the options or let them expire, and if the options were exercised, the importer
would have to supply the British pounds. This answer is backwards.
NEW QUESTION: 3
新しいドキュメントタイプを作成するときに何を定義しますか？注：この質問には2つの正解があります。
A. 取り消す理由
B. 伝票タイプの番号範囲
C. 伝票タイプの転記キー
D. 転記可能なアカウントタイプ
Answer: B,D