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James · 2024年01月19日

这道题的考点?

NO.PZ2022061307000010

问题如下:

Question A Japanese exporter will sell US dollars for Japanese yen in the quote-driven currency markets. Which of the following statements best describes her currency exchange transactions?

选项:

A.Her counterparties are dealers.

B.She will pay commissions for exchange services.

C.This currency exchange transaction takes place in organized exchanges.

解释:

Solution

A is correct. In the quote-driven currency markets, dealers are counterparties to currency exchange transactions.

B is incorrect. A Japanese exporter pays no fee or commission to dealers. Dealers will profit from the bid–ask spreads.

C is incorrect. In the quote-driven currency markets, currency exchange transactions take place in the over-the-counter, not organized, exchanges.

感觉三个选项好像都没错

1 个答案

王园圆_品职助教 · 2024年01月19日

同学你好,请看以下原版书截图

quote-driven market是和dealer交易的,所以A对

既然是和dealer交易而非通过broker交易,那就不需要支付commission,dealer会通过spread来获利,所以B错

organized exchange不是OTC,这是两个不同的market,所以C错


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