NO.PZ2022123002000045
问题如下：
Continuing from the previous question, assume demand
for US dollars is strong relative to demand for euros, so there is a positive
basis for “lending” US dollars. By hedging the position in Italian government
bonds with the currency basis swap, the US investor will most likely increase
the periodic net interest payments received from the swap counterparty in:
选项：
A.euros only
US dollars only
both euros and US
dollars
解释：
Correct Answer: B
B is correct. By hedging the position in Italian government bonds with
the cross-currency basis swap, the US investor will most likely increase the
periodic net interest she receives in US dollars. The reason is that the
periodic net interest payments made by the swap counterparty to the investor
will include the positive basis resulting from the relatively strong demand for
US dollars versus euros.
Continuing from the previous question, assume demand for US dollars is strong relative to demand for euros, so there is a positive basis for “lending” US dollars. 【Q1:positive basis 是什么意思，怎么使用？可不可以举个例子？】By hedging the position in Italian government bonds with the currency basis swap, the US investor 【Q2 US investor 是不是指向欧洲国家借欧元，交换给美国方，从而获得美元去做美元投资的那方？】will most likely increase the periodic net interest payments received from the swap counterparty in【如果Q2的理解是正确的，那US investor 自然希望获得更多美元，前面Q1有关positive basis的信息有什么用？】
