InternationalEconomicsII国际经济学文档格式.docx

InternationalEconomicsII国际经济学文档格式.docx

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D）thevalueofallfinalgoodsandservicesproducedbyitsfactorsofproductionandsoldonthemarket.

E）thevalueofallfinalgoodsandservicesproducedbyitsfactorsofproduction,excludingland,andsoldonthemarketinagiventimeperiod.

Answer:

A

2）TheCAisequalto

A）Y-（C-I+G）.

B）Y+（C+I+G）.

C）Y-（C+I+G）.

D）Y-（C+I-G）.

E）Noneoftheabove.

3）Foropeneconomies,

A）S=I.

B）S=I+CA.

C）S=I-CA.

D）S>

I+CA.

E）S<

B

4）AU.S.citizenbuysanewlyissuedshareofstockinEngland,payingforhisorderwithacheck,whichtheBritishcompanydepositsinitsownU.S.bankaccountinNewYork.Howisthistransactionaccountedforinthebalanceofpayments?

A）financialaccount,U.S.assetexport

B）currentaccount,U.S.serviceimport

C）currentaccount,Britishgoodexport

D）financialaccount,Britishassetimport

E）financialaccount,U.S.assetimport

5）TheearningsofaSpanishfactorywithBritishownersare

A）countedinSpain'

sGDP.

B）arepartofBritain'

sGNP.

C）arecountedinBritain'

D）arepartofSpain'

E）OnlyAandB.

E

6）"

TheBalanceofpaymentsisalwaysbalanced."

Discuss.

True.Everyinternationaltransactionautomaticallyentersthebalanceofpaymentstwice,onceasacreditandonceasadebit.

Currentaccount+financialaccount+capitalaccount=0

7）"

Thebalanceofpaymentsaccountsseldombalanceinpractice."

True.Themainreasonsareduetothefactthatdatacollectedorreceivedfromdifferentsourcesmaydifferincoverage,accuracy,andtiming.Inaddition,dataonservicesarenotreliableaswellasdatafromthefinancialaccount.Moreover,accuratemeasurementsofinternationalinterestanddividendreceiptsareparticularlydifficult.

8）Fillinthefollowingtable:

Chapter13ExchangeRatesandtheForeignExchangeMarket:

AnAssetApproach

1）HowmanyBritishpoundswoulditcosttobuyapairofAmericandesignerjeanscosting$45iftheexchangerateis1.80dollarsperBritishpound?

A）10Britishpounds

B）25Britishpounds

C）20Britishpounds

D）30Britishpounds

E）40Britishpounds

2）Anappreciationofacountry'

scurrency,

A）decreasestherelativepriceofitsexportsandlowerstherelativepriceofitsimports.

B）raisestherelativepriceofitsexportsandraisestherelativepriceofitsimports.

C）lowerstherelativepriceofitsexportsandraisestherelativepriceofitsimports.

D）raisestherelativepriceofitsexportsandlowerstherelativepriceofitsimports.

D

3）Whichmajoractorisatthecenteroftheforeignexchangemarket?

A）corporations

B）centralbanks

C）commercialbanks

D）non-bankfinancialinstitutions

C

4）Whatistheexpecteddollarrateofreturnoneurodepositswithtoday'

sexchangerateat$1.10pereuro,nextyear'

sexpectedexchangerateat$1.166pereuro,thedollarinterestrateat10%,andtheeurointerestrateat5%?

A）10%

B）11%

C）-1%

D）0%

B

5）Whatistheexpecteddollarrateofreturnondollardepositswithtoday'

sexpectedexchangerateat$1.165pereuro,thedollarinterestrateat10%,andtheeurointerestrateat5%?

A

6）Ifthedollarinterestrateis10percent,theeurointerestrateis6percent,andtheexpectedreturnondollardepreciationagainsttheeurois4percent,then

A）aninvestorshouldinvestonlyindollars.

B）aninvestorshouldinvestonlyineuros.

C）aninvestorshouldbeindifferentbetweendollarsandeuros.

D）Itisimpossibletotellgiventheinformation.

E）Alloftheabove.

7）Discusstheeffectsofariseintheinterestratepaidbyeurodepositsontheexchangerate.

Therearetwoeffectstoconsider.Ifwemaketheunrealisticassumptionthattheexpectedexchangeratewillnotchange,thenariseintheinterestratepaidbyEurodepositscausesthedollartodepreciate.However,iftheexpectedexchangerateweretorise,thenthecurrentexchangeratewouldalsorise.（Seef