Cony静 · 2020年03月18日
问题如下：
Which of the following statements about derivatives is correct?
选项：
A.High own capital is required at initiation of a derivative contract.
B.Adding derivatives to a portfolio will increase risk.
C.The value of a derivative is relative to the underlying asset and interest rate.
解释：
C is correct. Derivatives can be used to manage risk. In addition, derivatives have a high degree of leverage, traders need to invest a small amount of capital at initiation.
A为什么错？
NO.PZ2016031202000001问题如下Whiof the following statements about rivatives is correct?A.High own capitis requireinitiation of a rivative contract.B.Aing rivatives to a portfolio will increase risk.C.The value of a rivative is relative to the unrlying asset aninterest rate. C is correct. rivatives cuseto manage risk. In aition, rivatives have a high gree of leverage, trars neeto invest a small amount of capitinitiation.中文解析A错，与直接持有资产相比，使用衍生品进行交易时只需要少量保证金，对资金的需求较低；B错，衍生品作为对冲工具时，是可以降低组合风险的C对，衍生品的价值与标的资产和利率有关。 老师，c是不是应该表达为和资产本身的波动有关呢（比如这个资产1个亿，和它本身价格无关，应该是资产波动了来看它是否定价多少）
NO.PZ2016031202000001 问题如下 Whiof the following statements about rivatives is correct? A.High own capitis requireinitiation of a rivative contract. B.Aing rivatives to a portfolio will increase risk. C.The value of a rivative is relative to the unrlying asset aninterest rate. C is correct. rivatives cuseto manage risk. In aition, rivatives have a high gree of leverage, trars neeto invest a small amount of capitinitiation.中文解析A错，与直接持有资产相比，使用衍生品进行交易时只需要少量保证金，对资金的需求较低；B错，衍生品作为对冲工具时，是可以降低组合风险的C对，衍生品的价值与标的资产和利率有关。 C项不严谨吧，只有于利率相关的衍生产品才会relateto interest rate吧？如果是外汇远期合约之类的衍生品也能认为是relateto interest rate吗？
NO.PZ2016031202000001问题如下Whiof the following statements about rivatives is correct?A.High own capitis requireinitiation of a rivative contract.B.Aing rivatives to a portfolio will increase risk.C.The value of a rivative is relative to the unrlying asset aninterest rate. C is correct. rivatives cuseto manage risk. In aition, rivatives have a high gree of leverage, trars neeto invest a small amount of capitinitiation.中文解析A错，与直接持有资产相比，使用衍生品进行交易时只需要少量保证金，对资金的需求较低；B错，衍生品作为对冲工具时，是可以降低组合风险的C对，衍生品的价值与标的资产和利率有关。 c为啥与利率风险挂钩？讲义上只说了和标的资产吧
Aing rivatives to a portfolio will increase risk. The value of a rivative is relative to the unrlying asset aninterest rate. C is correct. rivatives cuseto manage risk. In aition, rivatives have a high gree of leverage, trars neeto invest a small amount of capitinitiation. Aing rivatives to a portfolio will increase risk. 这句话我认为没有问题，衍生品会使得组合可能的收益率和风险都大幅提高。难道这句话是错在了will了吗？
