题目
What are the differences between Forward Rate Agreements (FRAs) and Eurodollar Futures? I FRAs are traded on an exchange while Eurodollar Futures are not. II FRAs have better liquidity than Eurodollar Futures. III FRAs have standard contract sizes while Eurodollar Futures do not.
选项
A.I only
B.I and II only
C.II and III only
D.None of the above
答案
D
解析
Eurodollar futures contracts are highly liquid, exchange traded contracts on short term interest rates with standardized contract sizes and terms. FRAs are traded over-the-counter. 欧洲美元期货合约是高流动性的，是在交易所交易的短期利率合约，其合约规模和条款都是标准化。FRA是场外交易的。