国际金融英文版试题chapter4Word格式文档下载.doc

国际金融英文版试题chapter4Word格式文档下载.doc

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C.acountry’sfiscalpolices

D.acountry’schoiceastowhichexchangerateregimesuchasfixedorfloatingorbetweentofollow

2.Theinternationalmonetarysystemisbroadlydefinedas___________.

A.thesetofconventions,rules,proceduresandinstitutionsthatgoverntheconductoffinancialrelationsbetweennations

B.thesetofrulestomanageeverycountry’scentralbanks

C.thesetofrulestosolvetradedisputesbetweencountries

D.thesetofrulestodevelopworldeconomy

3.Underthegoldstandard,theexchangeratewasfixedbecause__________.

A.eachcurrencyunitcouldbeconvertedtoaweightofgold

B.thegoldcouldbeexportedandimportedwithnorestrictions

C.goldcoinscouldbefreelyminted

D.alloftheabove

4.Whenthegoldstandardprevailed,theUnitedStatesfixedthepriceofgoldat$20.646perounceandtheBritainfixedthepriceat4.252perounce.Nowsupposethefeesfortransportingoneounceofgoldwereapproximately$0.03persterlingofgold.Thentheexchangerateofdollarversussterlingwouldfluctuatebetween_________.

A.$4.8856/₤and$4.8256/₤

B.$4.9042/₤and$4.8070/₤

C.$4.9770/₤and$4.7463/₤

D.Wedon’tknow,becauseitdependsonthesupplyanddemandforcesintheforeignexchangemarket

5.Underthegoldstandard,theparvalueoftheexchangeratewasdeterminedby__________.

A.goldparityoftherelativecurrencies

B.interestrateoftherelativecurrencies

C.demandandsupplyforcesintheforeignexchangemarket

D.inflationrateoftherelativecurrencies

6.Whichofthefollowingistrueregardingthecollapseofthegoldstandardsystem?

A.TheWorldWarIhadmanyEuropeancountriessuspendconvertibilityoftheircurrenciesintogold.

B.ThepoliticalcostsofmaintainingtheovervaluedpoundweresogreatintheUnitedKingdom.

C.Nationsfacing1929–1933worldwiderecessiondecidedtopursueobjectivessuchashigheremploymentratesandrealgrowthrates,ratherthantomaintaintheexchangevalueoftheircurrencies.

D.Alloftheabovearethereasonsthatthegoldstandardfinallycollapsed.

7.TheU.S.dollarwasdesignatedastheinternationalcurrencyininternationalsettlementsundertheBrettonWoodssystem.Thedollarwasacceptedbytherestoftheworldbecause__________.

A.itcouldbeusedtopurchaseU.S.goodsandservices

B.itcouldbeconvertedtogoldatapriceof$35/ounce

C.theU.S.wastheonlysuperpoweratthattime

D.theIMFforcedtherestoftheworldtousedollartosettleinternationaldebts

8.TheprincipalfunctionoftheInternationalMonetaryFund（IMF）wasoriginallyto__________.

A.actasasupranationalregulatoryagencyforallcountries’centralbanks

B.lendtomembernationsexperiencingashortageofforeignexchangereserves

C.financepostwarreconstruction,particularlyinEuropeandJapan

D.reducetradebarriersandsettledisputesamongcountriesrelatingtocurrencynegotiations

9.Before1971theexchangerateswereprettystablebecauseoftheBrettonWoodsAgreement.SoiftheparvalueoftheJapaneseYenandU.S.dollarwassetby¥

100/$,theupperlimitandlowerlimitthatthisexchangeratewasallowedtofluctuatefreelywouldbe__________.

A.¥

101/$and¥

99/$

B.¥

102.25/$and¥

97.75/$

C.¥

105/$and¥

95/$

D.¥

110/$and¥

90/$

10.Theincreaseinvalueofacurrencypeggedtogoldoranothercurrencyisknownas__________,

A.appreciation

B.depreciation

C.revaluation

D.devaluation

11.Acountrythatregulatestherateatwhichitscurrencyisexchangedforallothercurrenciesisconsideredtohavea__________exchangeratesystem.

A.fixedormanaged

B.floatingorflexible

C.currencyboard

D.dollarization

12.Whichofthefollowingistrueforthosewhoareinfavoroffloatingexchangeratesystem?

A.Floatingexchangeratesensurebalance-of-paymentsequilibrium

B.Floatingexchangeratesensuremonetaryautonomy

C.Floatingexchangeratespromoteeconomicstability

D.Alloftheabovearetrue.

13.Sincetheadventoffloatingexchangeratesin1973ithasbecomeevidentthatauthoritieshavenotalwayslettheircurrencyfloatfreelybutrathertheyhavefrequentlyintervenedtoinfluencetheexchangerate.Thisfloatingexchangeratesystemisalsocalled__________.

A.cleanfloat

B.managedfloat

C.dirtyfloat

D.BothBandCarecorrect

14.Oneofthebenefitsofthecreationofeuroisthatit__________.

A.promotestradesandinvestmentsinthoseeuro-zone