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137****2445 · 2021年05月31日

老师可否解释一下题目，没看懂

  1. CFA I
  2. Economics Analysis

NO.PZ2016010802000212

问题如下：

A forward premium indicates:

选项：

A.

an expected increase in demand for the base currency.

B.

the interest rate is higher in the base currency than in the price currency.

C.

the interest rate is higher in the price currency than in the base currency.

解释：

C is correct.

To eliminate arbitrage opportunities, the spot exchange rate (S), the forward exchange rate (F), the interest rate in the base currency ( ib) , and the interest rate in the price currency ( ip) must satisfy:

F/S=(1+ip)/(1+ib)

According to this formula, the base currency will trade at forward premium (F > S) if, and only if, the interest rate in the price currency is higher than the interest rate in the base currency (ip) > (ib) .

考点：Forward Premium and Discount

解析：

F/S=(1+ip)/(1+ib)

依据公式如果F大于S，那么标价货币的利率要大于基础货币的利率。C选项正确，B选项错误。

A选项说法没有C选项好，基础货币预期的需求量增加，同时其他条件比如基础货币供给不变的情况下，才会产生 forward premium

如题，没看懂题目切入点
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1 个答案

丹丹_品职答疑助手 · 2021年05月31日

嗨，爱思考的PZer你好：


同学你好，这个题目考查的的是forward premium理解

forward premium指的是F>S，如果用公式表示，F/S=(1+ip)/(1+ib)那么就是标价货币的利率要大于基础货币的利率



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