[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-futures_prac-115-2-015":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":21},"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":17,"explanation":19,"difficulty":20},"futures_prac-115-2-015","115-2",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：",[13,14,15,16],"變小","變大","不變","無所謂",1,"避險交易","正向市場中期貨價高於現貨價，基差（現貨減期貨）為負值。多頭避險者未來要買現貨，其有效買價等於期初的期貨價格加上了結時的基差；基差是負的，而且愈負，有效買價就壓得愈低，對買方愈有利。負值愈負代表絕對值愈大，因此以買期貨避險者會希望基差的絕對值變大，故 (B) 正確。(A) 絕對值變小表示基差往零靠攏，有效買價被墊高，對多頭避險者不利。(C)(D) 基差變化直接決定避險成效，不可能不變或無所謂。","hard",[22,26,30,34,38,42],{"id":23,"question":24,"qno":25},"futures_prac-114-3-006","下列敘述哪一項是正確的？",6,{"id":27,"question":28,"qno":29},"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":31,"question":32,"qno":33},"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":35,"question":36,"qno":37},"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":39,"question":40,"qno":41},"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":43,"question":44,"qno":45},"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：",31,1785904151859]