备考CFA考试场内与场外交易市场和信用证知识点是不是掌握了?在学习CFA一级知识中考试题是不是都会做了,今天看看这个知识点的考试题你能不能做下来?跟着小编一起看看吧!
Which of the following statements most accurately describes exchange-traded derivatives relative to over-the-counter derivatives? Exchange-traded derivatives are more likely to have:
A. Greater credit risk.
B. Standardized contract terms.
C. Greater risk management uses.
解析:B is correct. Standardization of contract terms is a characteristic of exchange-traded derivatives. A is incorrect because credit risk is well-controlled in exchange markets. C is incorrect because the risk management uses are not limited by being traded over the counter.
考察场内与场外交易市场的区别,A和C都是属于场外市场的特点。
Which of the following is least likely to be a form of internal credit enhancement associated with a corporate bond issue?
A.Debt overcollateralization
B. Letter of credit
C. Debt subordination
解析:B is correct,A letter of credit is a form of external credit enhancement in which a financial institution provides the issuer with a credit line to be used for any cash flow shortfalls related to its debt issue.
信用证是属于外部信用加强。
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