NO.PZ202106160100000101
问题如下：
Using the quotes in Exhibit 1, the amount received by Goldsworthy from converting JPY 225,000,000 will be closest to:
选项：
A.GBP 1,734,906
GBP 1,735,174
GBP 1,735,442
解释：
A is correct.
Goldsworthy has been given a bid–offer spread. Because she is buying the base currency—in this case, GBP—she must pay the offer price of JPY 129.69 per GBP.
考点: Spot rates and forward rates以及bid-offer spread
解析: 题目中说投资者要买GBP，那么就应该使用DEALER关于GBP的卖价做加交易。所以可得
Brannigan believes Nexran should hedge against a potential decline in the USD relative to the TRD because she is concerned that the Trundool Republic may decide to reduce its USD-denominated assets.
The mechanism referred to by Brannigan is the portfolio balance channel. Current account imbalances shift financial wealth from deficit nations to surplus nations. Over time, this may lead to shifts in global asset preferences, which, in turn, could affect the path of exchange rates and hence optimal portfolio holdings. Attempts by the Trundool Republic to reduce USD holdings to desired levels could then have a profound negative impact on the USD’s value.
老师这道题在讲解下，没怎么懂
