[{"data":1,"prerenderedAt":213},["ShallowReactive",2],{"past-futures_prac-115-2":3},{"examName":4,"questions":5},"期貨商業務員資格測驗——期貨交易理論與實務",[6,11,15,20,24,28,32,36,40,44,48,52,57,61,65,69,73,77,81,85,90,94,98,102,107,112,116,120,124,128,133,137,141,145,149,153,157,161,165,169,173,177,181,185,189,193,197,201,205,209],{"id":7,"qno":8,"question":9,"chapter":10},"futures_prac-115-2-001",1,"期貨交易人之未平倉部位獲利時，其帳戶內餘額之處理原則為：","期貨交易概論與各國實務",{"id":12,"qno":13,"question":14,"chapter":10},"futures_prac-115-2-002",2,"下列何者不是期貨契約所規範的項目？",{"id":16,"qno":17,"question":18,"chapter":19},"futures_prac-115-2-003",3,"下列何者非期交所考量調整期貨合約保證金之因素？","臺灣期貨交易所期貨交易實務",{"id":21,"qno":22,"question":23,"chapter":10},"futures_prac-115-2-004",4,"期貨交易每日之未平倉量是以何種方式計算？",{"id":25,"qno":26,"question":27,"chapter":10},"futures_prac-115-2-005",5,"結算保證金通常每天在收盤後收付一次，但若遇價格急劇變動時，結算所發出盤中變動保證金追繳通知書，結算會員收到通知後，通常繳交的期限為：",{"id":29,"qno":30,"question":31,"chapter":10},"futures_prac-115-2-006",6,"下列何者不屬於利率期貨？",{"id":33,"qno":34,"question":35,"chapter":10},"futures_prac-115-2-007",7,"MSCI 臺指期貨目前市價為 184.5，則下列委託單何者為正確的委託單？",{"id":37,"qno":38,"question":39,"chapter":10},"futures_prac-115-2-008",8,"一般而言，大多數期貨契約交割時對標的物有關條件都由賣方決定，下列何種期貨契約交割的地點及方式是由買方決定的？",{"id":41,"qno":42,"question":43,"chapter":10},"futures_prac-115-2-009",9,"CME 英鎊∕日圓交叉匯率(Cross Rate)期貨的交割方式為：",{"id":45,"qno":46,"question":47,"chapter":10},"futures_prac-115-2-010",10,"當交易人觀察英鎊期貨價位，認為若今天英鎊能回跌到 1.6608 的支撐帶時，會再回頭漲升一段行情，則交易人將會以下列哪一指令來下單獲利？",{"id":49,"qno":50,"question":51,"chapter":10},"futures_prac-115-1-036",11,"日經指數期貨每點之契約值為￥500，原始保證金為￥900,000，維持保證金為￥675,000，請問若在 16,000 買進日經指數期貨，則應補繳保證金的價位是在：",{"id":53,"qno":54,"question":55,"chapter":56},"futures_prac-115-2-012",12,"於實際應用上，利用線性迴歸式來估計最小風險避險比例，即：△S＝a＋b△F＋誤差項。其中△ S 與△F 分別為現貨與期貨價格變動，a 與 b 分別為係數。其中誤差項的變異數可以被視為：","避險交易",{"id":58,"qno":59,"question":60,"chapter":56},"futures_prac-115-2-013",13,"發財公司計畫在未來 6 個月內需要一筆 100 萬美元資金，並向銀行借款 100 萬美元，期間 6 個月，利息則以 3 個月 SOFR 加碼 50bps 計算，而每 3 個月支付一次利息，但是發財公司擔心利率上升而增加借款成本，請問發財公司應如何避險？",{"id":62,"qno":63,"question":64,"chapter":56},"futures_prac-115-2-014",14,"某銀飾廠商以買進白銀期貨來規避銀價上揚之風險，結果白銀價格下跌，其有效進貨價格(在與期貨合併計算後)，會比進貨時之市價：",{"id":66,"qno":67,"question":68,"chapter":56},"futures_prac-115-2-015",15,"在正向市場(Normal Market)中，以買期貨避險者會希望基差(Basis)之絕對值：",{"id":70,"qno":71,"question":72,"chapter":56},"futures_prac-115-2-016",16,"在逆向市場下，採取多頭避險，若基差絕對值變大，則：",{"id":74,"qno":75,"question":76,"chapter":56},"futures_prac-115-2-017",17,"生產沙拉油的廠商通常會如何避險？",{"id":78,"qno":79,"question":80,"chapter":56},"futures_prac-115-2-018",18,"對於能源生產商，較佳的避險方式應為：",{"id":82,"qno":83,"question":84,"chapter":56},"futures_prac-115-2-019",19,"在預期新臺幣對美元之匯率穩定的前提下，臺灣出口商如何避免歐元貨款對新臺幣貶值之損失？(以下答案均為 CME 之契約)",{"id":86,"qno":87,"question":88,"chapter":89},"futures_prac-115-2-020",20,"小華賣出 3 月 DJIA 指數期貨，價格為 535.15，並買入 6 月 DJIA 指數期貨，價格為 545.00。當價差(近月－遠月)變為－20 時予以平倉，則損益為何？(假設 DJIA 期約規格為 250)","投機性期貨交易與價差交易",{"id":91,"qno":92,"question":93,"chapter":56},"futures_prac-115-2-021",21,"某基金價值為 3 億元，假設當臺股期貨變動 1%時，該基金價值將會變動 1.5%，若目前大臺指期貨的價格為 8,250，請問該基金避險時，須買賣多少口大臺指期貨？",{"id":95,"qno":96,"question":97,"chapter":89},"futures_prac-115-2-022",22,"假設買 1 口玉米契約之佣金是 25，保證金 0.15／英斗。若某人買一口契約，價格為 1.35／英斗，當價格上漲至 1.45 時獲利平倉，則利潤約是保證金之：(玉米期貨 1 口＝5,000 英斗)",{"id":99,"qno":100,"question":101,"chapter":19},"futures_prac-115-2-023",23,"臺股期貨的原始保證金為每口 338,000 元，維持保證金為 259,000 元。一交易人的保證金帳戶共有餘額 338,000 元，無任何持倉。該交易人隨後買進一口臺股期貨，期貨價格為 23,775。下列敘述何者正確？",{"id":103,"qno":104,"question":105,"chapter":106},"futures_prac-115-2-024",24,"台積電股票買權 Delta 為 0.6，則賣權的 Delta 為？","選擇權基本概念與交易策略",{"id":108,"qno":109,"question":110,"chapter":111},"futures_prac-115-2-025",25,"買入長期公債期貨契約(T-Bond Futures)3 口，價格 98-24，之後以 97-08 平倉，其損失為何？","債券期貨",{"id":113,"qno":114,"question":115,"chapter":106},"futures_prac-115-2-026",26,"由於小明看空未來 1 個月長期公債期貨價格的走勢，決定買進履約價格為 100 並賣出履約價格為96 之利率期貨買權，價格分別是 C1 與 C2，請問其最大可能執行獲利為：",{"id":117,"qno":118,"question":119,"chapter":106},"futures_prac-115-2-027",27,"有一位投資者買入一支股票，一股報價 48 美元，他做了一掩護性買權策略，賣出該股的買權，得到一股權利金 1.9 美元，而其履約價在 50 美元。假如該股價到期時的價格介於 45 美元與 54美元之間，請問這一掩護性買權，每股最低與最高的利潤為例？",{"id":121,"qno":122,"question":123,"chapter":19},"futures_prac-115-1-012",28,"下列商品何者不適用階段漲跌幅限制？",{"id":125,"qno":126,"question":127,"chapter":106},"futures_prac-115-2-029",29,"假設目前期貨價格為 910，買進 12 月份 S&P500 期貨買權(Call)，履約價格 900，權利金為 30，同時買進 12 月份期貨賣權(Put)，履約價格 900，權利金為 10，此種交易策略損益兩平點的期貨價格為：",{"id":129,"qno":130,"question":131,"chapter":132},"futures_prac-115-2-030",30,"我國指數選擇權撮合方式為：","臺指選擇權契約規格、交易結算制度與相關規定",{"id":134,"qno":135,"question":136,"chapter":106},"futures_prac-115-2-031",31,"由於小明看空未來 1 個月聯電股票之走勢，決定買進一張履約價格為 45 並賣出一張履約價格為 40 之聯電認購權證，每張權證可認購 1,000 股，權證價格分別是 5 與 8，請問其執行之最大可能獲利為：",{"id":138,"qno":139,"question":140,"chapter":19},"futures_prac-115-2-032",32,"目前國內各種指數期貨契約交易保證金可以何種有價證券抵繳？",{"id":142,"qno":143,"question":144,"chapter":106},"futures_prac-115-2-033",33,"其他條件不變下，價內臺指買權越深價內，時間價值變化為：",{"id":146,"qno":147,"question":148,"chapter":19},"futures_prac-115-2-034",34,"臺灣期貨交易所的股票期貨若標的為指數股票型證券投資信託基金(ETF)，其契約單位為多少受益權單位？",{"id":150,"qno":151,"question":152,"chapter":19},"futures_prac-115-2-035",35,"下列敘述中，何者違反風險預告書之內容精神？",{"id":154,"qno":155,"question":156,"chapter":132},"futures_prac-115-2-036",36,"依據臺灣期貨交易所規定，選擇權契約造市者在交易市場出現詢價訊息後，應於幾秒內進行買賣雙向報價？",{"id":158,"qno":159,"question":160,"chapter":19},"futures_prac-115-2-037",37,"臺灣期貨交易所「布蘭特原油期貨」之最小升降單位為：",{"id":162,"qno":163,"question":164,"chapter":19},"futures_prac-115-2-038",38,"布蘭特原油期貨(BRF)在到期月份契約的最後交易截止時間之盤後交易時段，其第三階段漲跌幅限制為何？",{"id":166,"qno":167,"question":168,"chapter":10},"futures_prac-115-1-043",39,"美國道瓊期貨(UDF)與美國標普 500 期貨(SPF)的最後結算價，皆是依據指數編製公司計算的何種價格？",{"id":170,"qno":171,"question":172,"chapter":132},"futures_prac-115-2-040",40,"臺灣期貨交易所的電子選擇權(TEO)與金融選擇權(TFO)的最後結算價，其計算基礎為何？",{"id":174,"qno":175,"question":176,"chapter":19},"futures_prac-115-1-045",41,"關於臺灣期貨交易所匯率類期貨(如歐元兌美元、美元兌日圓期貨)的最後交易日，下列敘述何者正確？",{"id":178,"qno":179,"question":180,"chapter":19},"futures_prac-115-2-042",42,"臺灣期貨交易當盤有效且未能立即成交之所有買賣申報，撮合成交之優先順序原則，下列何者正確？",{"id":182,"qno":183,"question":184,"chapter":19},"futures_prac-114-3-048",43,"臺灣期貨交易所盤後交易時段收單至開市時間為：",{"id":186,"qno":187,"question":188,"chapter":19},"futures_prac-115-2-044",44,"臺灣期貨交易所結算會員，依其業務範圍分為：甲.個別結算會員；乙.一般結算會員；丙.全席結算會員；丁.特別結算會員",{"id":190,"qno":191,"question":192,"chapter":19},"futures_prac-115-2-045",45,"依臺灣期貨交易所業務規則，期貨商違反「建立期貨商資通安全檢查機制規定」，且情節重大有影響市場交易秩序或交易人權益者，臺灣期貨交易所得處以多少罰鍰？",{"id":194,"qno":195,"question":196,"chapter":19},"futures_prac-115-1-004",46,"依臺灣期貨交易所業務規則，當結算會員違約，需動用其他結算會員之交割結算基金共同分擔時，其「冷靜期間」係指單一結算會員違約發生日起多久之期間？",{"id":198,"qno":199,"question":200,"chapter":19},"futures_prac-115-1-048",47,"依臺灣期貨交易所業務規則，關於「一定範圍市價申報」，其限定價格的決定基準為何？",{"id":202,"qno":203,"question":204,"chapter":10},"futures_prac-115-2-048",48,"棉花期貨原始保證金為$1,000，維持保證金為$750，交易人存入$2,000，買進 2 口棉花期貨，價位為$0.7210，當期貨上漲至$0.7250，交易人未平倉，他可以提領的金額為：(棉花期貨每口為50,000 磅，手續費不計)",{"id":206,"qno":207,"question":208,"chapter":56},"futures_prac-115-2-049",49,"某農夫在 6 月時預測 9 月時至少可以收成 50,000 英斗黃豆，為了防止黃豆價格下降，決定賣黃豆期貨避險，價格為 7.35 美元／英斗。等到 9 月收成時，以每英斗 6.85 美元賣給當地穀倉，並於 6.90 美元／英斗平倉黃豆期貨，則農夫的淨銷售價應為每英斗多少美元？",{"id":210,"qno":211,"question":212,"chapter":106},"futures_prac-115-1-016",50,"下列何種情況，歐式買權和賣權的 Delta 敏感度最小？",1785904150698]