[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-futures_prac-115-2-019":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-115-2-019","115-2",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)",[13,14,15,16],"買進歐元期貨","賣出歐元期貨","賣出歐元期貨賣權(Put Option)","買進歐元期貨買權(Call Option)",1,"避險交易","出口商未來會收到一筆歐元貨款，怕的是歐元貶值使換回的新臺幣變少。在新臺幣對美元穩定的前提下，歐元對新臺幣貶值等同歐元對美元貶值，也就是歐元期貨價格下跌，因此應先賣出歐元期貨，日後歐元真的走貶時，期貨獲利可補回貨款的匯兌損失，故 (B) 正確。(A) 買進歐元期貨是預期歐元升值，方向相反。(D) 買進買權同樣押注歐元上漲。(C) 賣出賣權雖能先收權利金，但歐元一旦大貶，賣權被履約會再增加損失，等於放大風險。","medium",[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：",31,1785904151886]