[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-115-1-024":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"futures_prac","期貨商業務員資格測驗——期貨交易理論與實務","c3",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"futures_prac-115-1-024","115-1",24,"有關期貨交易，下列敘述何者正確？",[13,14,15,16],"基差是近期期貨和遠期期貨之間的價差","市場價差交易是現貨和期貨之間的價差","只要基差維持不變，則現貨市場的價格風險就可完全消除","持有現貨者，若預期現貨價格會下跌，應買入期貨來避險",2,"避險交易",1,"基差＝現貨價格−期貨價格。避險時現貨與期貨兩端損益的抵銷程度取決於基差是否穩定;若基差自始至終維持不變,兩端損益完全互抵,現貨市場的價格風險即可完全消除,故(C)正確,此亦說明避險是以「基差風險」取代「價格風險」。(A)基差是現貨與期貨之價差,近月與遠月期貨間的價差稱跨月或時間價差;(B)市場價差交易指不同期貨契約(或不同交易所同一商品)間的價差,非現貨與期貨之間;(D)持有現貨者若預期價格下跌應「賣出」期貨作空頭避險,買進期貨只會使曝險加倍。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"futures_prac-114-3-006","下列敘述哪一項是正確的？",6,{"id":28,"question":29,"qno":30},"futures_prac-114-3-007","券商若發行指數型認購權證（Call Warrant），可在指數上漲時如何操作指數期貨避險？",7,{"id":32,"question":33,"qno":34},"futures_prac-114-3-008","最小風險避險比例（最佳避險比例）的估計式為 h，例如 h＝－0.5，試問「－」符號之意義為何？",8,{"id":36,"question":37,"qno":38},"futures_prac-114-3-009","智利礦商賣出銅期貨避險，何者會造成避險的不完全？",9,{"id":40,"question":41,"qno":42},"futures_prac-114-3-010","某廠商必須進口小麥，為了避險買進了 10 口小麥期貨，每口契約規格為 5,000 蒲氏爾(Bushels)。若基差由+40 美分放大為+60 美分，則避險的損益為何？",10,{"id":44,"question":45,"qno":46},"futures_prac-114-3-031","臺灣企業在瑞士發行以美元 SOFR 計息的浮動利率美元債券，如要確定每次付息的新臺幣金額，該企業應操作：",31,1787293966319]