Knowledge Base

← Financial Instruments, Crypto-Assets, and Their Risks

Questions

Which type of derivative product would a trader use to profit from a rise in the CAC 40 index with leverage?

A forward on the CAC 40 index
A call on the CAC 40 index
A put on the CAC 40 index
An interest rate swap

Which strategy would a trader use to profit from high market volatility regardless of the direction of the move?

Buy a call and sell a put
Buy a call and a put with the same strike (straddle)
Sell a call and buy a put
Sell a straddle

Which derivative product would a company with variable-rate debt use to convert its exposure into fixed-rate debt?

An interest rate forward
An interest rate swap
An interest rate option
An interest rate future

What is the primary economic motivation for a cereal farmer selling wheat futures?

Speculating on rising wheat prices
Hedging his price risk
Benefiting from leverage
Exploiting a pricing discrepancy between markets

The leverage offered by derivative products amplifies only potential gains without affecting losses.

True
False

Hedging risks with derivative products always requires a pre-existing exposure to the underlying risk.

True
False

Cash-and-carry arbitrage

Click to see answer

Categorize items by dragging them to the appropriate zones

Items to categorize:

Airbus using EUR/USD forwards
A trader buying calls on the CAC 40
An arbitrageur executing a cash-and-carry
Categories:

Hedging

Speculation

Arbitrage