NO.PZ2021061002000001
问题如下:
Which of the following is
least likely to be correct?
选项:
A.Both derivatives and insurance
pay off on the basis of a source of risk, which is often, but not always, the
value of an underlying asset.
Both derivatives and insurance have a definite life span and expire on a specified date.
C.Only insurance allow for the
transfer of risk from one party to another
解释:
C is correct.
Both insurance and derivatives
allow for the transfer of risk from one party to another.
中文解析:
衍生品和保险的收益都是基于风险,风险来源通常是标的资产的价值。A正确。
衍生品和保险都有一个确定的生命周期,并在特定的日期到期。B对。
保险和衍生品都是将风险从一方转移到另一方。C表述错误。
B选项,如果是美式期权的话是有可能提前行权的,所以到期日不是固定的呀。