2. 外语
  3. A derivative is a security which "derives" its value from another underlying【61】instrument, index, or other investment. Derivati

A derivative is a security which "derives" its value from another underlying【61】instrument, index, or other investment. Derivati

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问题     A derivative is a security which "derives" its value from another underlying【61】instrument, index, or other investment. Derivatives are available based on the performance of stocks, interest rates, currency exchange rates, as well as【62】contracts and various indexes. Derivatives give the buyer greater leverage for a【63】cost than purchasing the actual underlying instrument to a-chieve the same position. For this reason, when used properly, they can serve to "hedge" a【64】of securities against losses. However, because derivatives have a date of【65】, the level of risk is greatly increased in relation to their term. One of the simplest forms of a derivative is a stock option. A stock option gives the holder the right to buy or sell the underlying stock at a fixed price for a specified period of time.
【62】
选项 A、commodities
B、cash
C、insurance
D、futures
答案A
解析 衍生工具的获得一般是建立在证券、利率、汇率、商品合同等。所以此处应该填commodities。
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