问一道题：NO.PZ2018062002000003 [ CFA I ]

NO.PZ2018062002000003 问题如下 Tim owns a toys manufacturer limitein Englan His company sell toys to customers in the UniteStates. The customer will pin US ll(US in four months. Tim believes ththe USis more likely to preciate thGBP. Therefore, he plans to sell four-mounth futures contracts on the US When the USpreciates against the GBP, the seller of sucontracts will obtain profits. Accorng to the information, whiof the following statements is correct? A.Tim woulbest characterizea heer. B.Tim woulbest characterizeinvestor. C.Tim woulbest characterizeinformation-motivatetrar. A is correct.Tim woulbest characterizea heer, because he is heing the risk of possible preciation of US llar. 考点Intermearies Of FinanciMarketheer和投资者不同，它投资金融资产不是为了赚取利润，而是为了规避风险。通常对冲者手里是已经持有一定的资产的，但是担心手里这些资产未来价格会下跌，所以通过购买衍生产品来规避这些资产日后真的下跌时的风险。比如农名伯伯（heer）为了规避自己种的粮食未来价格下跌的风险而进入期货交易。这道题目很明显可以看出Tim是位于英格兰的一家玩具制造商的老板，由于美元贬值的考虑，进入了一个期货合约，因为他是从业务角度为潜在风险进行对冲，所以是heer。 原版书关于heer的定义是In general, heers tra to offset or insure against risks thconcern them. In aition to forwarcontracts, they muse futures contracts, option contracts, or insurancontracts to transfer risk to other entities more willing to bethe risks. Often the heer anthe other entity faexactly the opposite risks, so the transfer makes both more secure, in the grain example. 上课时老师讲到hee对应的是风险对冲。请问本题是如何体现规避风险，进行风险对冲的？