[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-deriv_prac-19-023":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"deriv_prac","衍生性金融商品銷售人員資格測驗——衍生性金融商品概論與實務","c1",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"deriv_prac-19-023","19",23,"就期貨價格和現貨價格的變動而言，下列何者具有領先變動的特性？",[13,14,15,16],"期貨價格","現貨價格","同時變動","視情形而定",0,"衍生性商品概論",1,"期貨市場具有價格發現功能：交易成本低、可雙向操作、槓桿高又集中撮合，資訊靈通的交易人一旦形成對未來的預期，最快反映的地方就是期貨；加上期貨報的本來就是未來某一時點的價格預期，因此在多數實證研究中，期貨價格的變動領先現貨價格，現貨隨後跟進，兩者最終在到期日收斂。(B) 現貨受限於實物交割、放空困難與較高的交易成本，價格調整速度較慢；(C) 同時變動忽略了兩個市場在流動性與成本結構上的差異；(D) 特殊情境下雖可能出現反轉，但作為一般性通則，領先者仍是期貨。","easy",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"deriv_prac-18-017","δ(Delta)變動所引發選擇權價值變動的風險，係指下列何者？",17,{"id":28,"question":29,"qno":30},"deriv_prac-18-018","結算前風險可以區分為現有違約風險及潛在違約風險，關於違約風險，下列敘述何者錯誤？",18,{"id":32,"question":33,"qno":34},"deriv_prac-18-022","臺灣市場上所稱之「連動債」或「結構債」，其本質係屬於下列何者？",22,{"id":36,"question":37,"qno":38},"deriv_prac-18-024","台灣的某家進口廠商預期在 3 個月後須支付一筆歐元 100,000，在無做任何避險交易下，廠商所擔心的是，屆時台幣將會作何變化？",24,{"id":40,"question":41,"qno":42},"deriv_prac-18-025","「利率上限」(interest rate cap)簡稱為 Cap，以下敘述何者為正確？",25,{"id":44,"question":45,"qno":46},"deriv_prac-18-026","證券商與銀行可以利用「資產交換」的方式，將可轉換公司債分解成哪兩大部分？",26,1785157762677]