国际金融实务双语练习卷docWord格式.docx

国际金融实务双语练习卷docWord格式.docx

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c.AflowofgoldoutoftheU.S.

d.ForeignloansmadebyU・S・companies

3.Credit（+）itemsinthebalanceofpaymentscorrespondtoanythingthat:

a.Involvesreceiptsfromforeigners

b.Involvespaymentstoforeigners

c.Decreasesthedomesticmoneysupply

d.Increasesthedemandforforeignexchange

4.Reducingacurrentaccountsurplusrequiresacountryto:

a.Increasethegovernment'

sdeficitandincreaseprivateinvestmentrelativetosaving

b.Increasethegovernment'

sdeficitanddecreaseprivateinvestmentrelativetosaving

c.Decreasethegovernment'

d.Decreasethegovernment'

5.WhichofthefollowingtendstocausetheU.S.dollartoappreciateinvalue?

a.AnincreaseinU.S.pricesaboveforeignpricesb・Rapideconomicgrowthinforeigncountries

c.AfallinU.S.interestratesbelowforeignlevels

d.AnincreaseinthelevelofU.S・income

6.SupposethatrealincomesincreasemorerapidlyintheChinathaninJapan.Thissituationwouldlikelyresultina（an）:

a.IncreaseinthedemandforJapaneseyen

b.DecreaseinthedemandforJapaneseyen

c.IncTeaseinthesupplyofJapaneseyens

d.DecreaseinthesupplyofpesosJapaneseyen

7.Inasupply-and-demanddiagramforJapaneseyen,withtheexchangerateindollarsperyenontheverticalaxis,thedemandscheduleforyenisdrawnsloping:

a.Upward

b.Vertical

c.Downward

d.Horizontal

8.Mostforeignexchangetradingoccursbetweenbanksand:

a.Nationalgovernments

b.Otherbanks

c.Corporations

d.Householdinvestors

9.Intheinterbankmarketforforeignexchange,the

referstothedifferencebetweentheofferrateandthebidrate.

a.Crossrate

b.Option

c.Arbitrage

d.Spread

Table1.SupplyandDemandofBritishPounds

Quantity

Dollars

ofPounds

per

Supplied

Pound

Demanded

1,000

2.00

200

800

1.80

400

600

1.50

1.40

1.20

10.RefertoTable1,Theequilibriumexchangerateequals:

a.$1.20perpound

b.$1.40perpound

c.$1.80perpound

d.$1.50perpound

Table2.ForwardExchangeRates

U.S.DollarEquivalent

11.RefertoTable2.OnWednesday,the30-dayforwardfrancwassellingata:

a.1percentpremiumperannumagainstthedollar

b.2percentpremiumperannumagainstthedollar

c.1percentdiscountperannumagainstthedollar

d.2percentdiscountperannumagainstthedollar

12.IfCanadarunsatradesurpluswithMexicoandexchangeratesarefloating:

a.Thepesowilldepreciaterelativetothedollar

b.Thedollarwilldepreciaterelativetothepeso

c.ThepricesofallforeigngoodswillfallforCanadians

d.ThepricesofallforeigngoodswillriseforCanadians

13.IfMexico'

slaborproductivityrisesrelativetoEurope!

slaborproductivity:

a.Thepesotendstodepreciateagainsttheeurointheshortrun

b.Thepesotendstoappreciateagainsttheeurointheshort

run

c.Thepesotendstodepreciateagainsttheeurointhelongrun

d.Thepesotendstoappreciateagainsttheeurointhelongrun

14.Givenasystemoffloatingexchangerates,weakerU・S・preferencesforimportswouldtrigger:

a.Anincreaseinthedemandforimportsandanincreaseinthedemandforforeigncurrency

b・Anincreaseinthedemandforimportsandadecreaseinthedemandforforeigncurrency

c.Adecreaseinthedemandforimportsandanincreaseinthedemandforforeigncurrency

d.Adecreaseinthedemandforimportsandadecreaseinthedemandforforeigncurrency

15.WhichexampleofmarketexpectationscausesthedollartoappreciateagainstRMB—expectationsthattheU.S.economywillhave:

a.FastereconomicgrowththanChina

b.HigherfutureinterestratesthanChina

c.MorerapidmoneysupplygrowththanChina

d.HigherinflationratesthanChina

16.Anexchangerateissaidtowhenitsshort-run

responsetoachangeinmarketfundamentalsisgreaterthanitslong-runresponse・

a.Overshootb.Undershootc.Depreciated.Appreciate

17.Concerningexchangerateforecasting,relieson

econometricmodelswhicharebasedonmacroeconomicvariableslikelytoaffectcurrencyvalues・

a.Fundamentalanalysis

b・Technicalanalysis

c.Judgmentalanalysis

d.Sunspotanalysis

18.Whichofthefollowingbalance-of-paymentsadjustmentmechanismsismostcloselyrelatedtothequantitytheoryofmoney?

a.Income-adjustmentmechanism

b.Price-adjustment