问题 单项选择题

一般情况下,利率高的国家的货币其远期汇率表现为()。

A.贴水

B.升水

C.先贴水后升水

D.无法确定

答案

参考答案:A

解析:这是由于大量资金套取利差导致的。因为利率高的货币就意味着较高的收益率,为了套取利差,就会卖出利率较低的货币,买入利率较高的货币。但在这一交易中,又新增了汇率风险,因为持有高利率货币到期后,如汇率下跌,有可能把利差收入全部吞噬掉,为了规避汇率风险,在其抛售低利率货币、买入高利率货币的同时,在远期外汇市场进行相反的操作,即卖出高利率货币,买入低利率货币,以达到规避汇率风险的作用。当大量资金进行套利操作的时候,即期市场上,高利率货币表现为升水,低利率货币表现为贴水;远期市场上,高利率货币表现为贴水,低利率货币表现为升水。汇率的变动会导致其套利的空间越来越小,最终到达平衡。

阅读理解

We were talking about engagement when my boyfriend, Jack, had to go to war. I was so afraid of losing him; the only way I could stay sane(保持清醒) was to dance. I became very good and critics praised me, but I could feel was the ache in my heart, no knowing whether the love of my life would ever return. And then one day a letter from him came:“I have lost my leg. I am no longer a whole man and now give you back your freedom. It is best you forget me.”

I made my decision there and then I left the city. When I returned I had bought myself a cane(拐杖) and learned to limp convincingly. I told everyone I had been in a car crash and that my leg would never completely heal again. My dancing days were over. No one suspected the story. And I made sure the first person to hear of my accident was a reporter. Then I travelled to the hospital. They had pushed him outside in his wheelchair. I leaned on my cane and limped to him.

I told him he was not the only one who had lost a leg, even if mine were still attached to me. I showed him newspaper clippings of my accident. “ There is a whole life waiting for us out there! And I am not going to carry you—you are going to walk yourself.”

I limped a few steps towards him and showed him what I’d taken out of my pocket.” Now show me you are still a man,” I said. He bent to take his cane and struggled out of that wheelchair. I could see he had not done it before, because he almost fell on his face. But I was not going to help. Finally he managed it on his own and walked to me and never sat in a wheelchair again in his life.

What I showed to him was engagement rings. And I would limp with him for the rest of life.

小题1:The author felt ache in her heart though critics praised her dancing because_______.

A.She wasn’t sure if Jack still loved her.

B.Jack became handicapped and couldn’t walk

C.Jack asked her to forget about him

D.She was afraid that Jack might die in the war小题2:What decision did the author make after she received Jack’s letter?

A.To see Jack in the battlefield.

B.To leave the city for travel.

C.To give up dancing.

D.To see a reporter.小题3:What can we learn about the author from Paragraph 2?

A.She visited a hospital.

B.She broke her leg.

C.She helped push Jack’s wheelchair.

D.She had a car crash.小题4:After they met in the hospital, Jack ______.

A.gave her the engagement rings

B.got rid of the cane

C.picked up the hope of life

D.lived without a wheelchair小题5:Which of the following words can best describe the author?

A.Strong and optimistic

B.Clever and faithful

C.Timid but faithful

D.Brave and helpful.

单项选择题