Question：What is meant by structural hedging?
　　A. Trying to ensure as far as possible that a company has matching amounts of assets and liabilities in any currency, so as to reduce currency exposures.
　　B. Carrying out an annual review of the organisation's risks, and planning a risk management strategy to deal with them.
　　C. Using the financial derivatives markets to hedge exposures to financial risks.
　　D. Managing the financial gearing of the company, to ensure that the company is always in a position to meet its debt payment obligations and have scope for further borrowing if needed.
　　The correct answer is: Trying to ensure as far as possible that a company has matching amounts of assets and liabilities in any currency, so as to reduce currency exposures.
　　解析：Structural hedging is a form of hedging currency risks through matching. Matching involves setting receipts in one currency against expenditures in the same currency: if these match exactly, currency risk is eliminated. Structural hedging is concerned with matching assets and liabilities in any currency. For example, if a manufacturing company has large amounts of income in US dollars, it should site its production facilities in the US or a country whose currency is tied to the US dollar.