[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-futures_prac-115-2-014":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"futures_prac","期貨商業務員資格測驗——期貨交易理論與實務","c3",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"futures_prac-115-2-014","115-2",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：",[13,14,15,16],"高","一樣","低","不一定",0,"避險交易",1,"銀飾廠商未來要買白銀，怕漲而先買進期貨，屬於多頭避險。結果銀價下跌，現貨端進貨確實變便宜，但期貨部位因價格下跌而虧損，兩邊合併後的有效進貨價格等於進貨當時的市價加上期貨損失，必然高於單純的市價，故 (A) 正確。這正是避險的本質：鎖住成本的同時也放棄了行情往有利方向走的好處。(B) 只有期貨完全沒有損益才成立。(C) 是行情上漲時的結果。(D) 不成立，因為此情境下期貨虧損的方向是確定的。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"futures_prac-114-3-006","下列敘述哪一項是正確的？",6,{"id":28,"question":29,"qno":30},"futures_prac-114-3-007","券商若發行指數型認購權證（Call Warrant），可在指數上漲時如何操作指數期貨避險？",7,{"id":32,"question":33,"qno":34},"futures_prac-114-3-008","最小風險避險比例（最佳避險比例）的估計式為 h，例如 h＝－0.5，試問「－」符號之意義為何？",8,{"id":36,"question":37,"qno":38},"futures_prac-114-3-009","智利礦商賣出銅期貨避險，何者會造成避險的不完全？",9,{"id":40,"question":41,"qno":42},"futures_prac-114-3-010","某廠商必須進口小麥，為了避險買進了 10 口小麥期貨，每口契約規格為 5,000 蒲氏爾(Bushels)。若基差由+40 美分放大為+60 美分，則避險的損益為何？",10,{"id":44,"question":45,"qno":46},"futures_prac-114-3-031","臺灣企業在瑞士發行以美元 SOFR 計息的浮動利率美元債券，如要確定每次付息的新臺幣金額，該企業應操作：",31,1785904151850]