英文国际金融练习卷Chapter2Word格式.docx
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B.$25milliondeficits
C.$20milliondeficits
D.$5milliondeficits
2.Ifacountry’sdomesticsavingisgreaterthandomesticinvestment,thecountryprobablyhas__________.
A.acurrentaccountsurplus
B.anetcapitaloutflow
C.acurrentaccountdeficit
D.BothAandBarepossible.
3.Adebitentryinthebalance-of-paymentsaccountrepresentsatransactionthat__________.
A.adomesticresidentreceivesapaymentfromabroad
B.adomesticresidentmakesapaymenttoaforeignresident
C.willimprovethecurrentaccountstatus
D.willhavenoaffectsonthenation’sforeignexchangereserves
4.Intermsofbalance-of-paymentsaccount,whichofthefollowingwouldberecordedasadebitentryintheU.S.BOP?
A.exportsofmerchandise
B.exportsofservices
C.purchaseoftheU.S.Treasurybondsbynon-residents
D.anincreaseofthedepositinaU.S.resident'
saccountataforeignbank
5.Abalance-of-paymentsdeficitisdefinedasasituationinwhich__________.
A.thevalueofpaymentsmadetotheforeignersexceedsthevalueofreceiptsreceivedfromtheforeignersinagivenperiodoftime
B.thegovernmentmustborrowinordertomeetitsbudgetobligations
C.thevalueofmanufacturedgoodexportsislessthanthevalueofimportedgoods
D.anationearnsmuchinextraassetsorreducedliabilitiesinitsdealingswiththerestoftheworld
6.WhichofthefollowingwouldNOTbeconsideredasatypicalBOPtransaction?
A.ToyotaUSAisaUSdistributorofautomobilesmanufacturedinJapanbyitsparentcompany.
B.AU.S.subsidiaryofEuropeanfinancialgiant,CreditSuisse,paysdividendstoitsparentinZurich.
C.AUStouristpurchasesgiftsatamuseuminLondon.
D.AllareexampleofBOPtransactions.
7.Thebalanceofpaymentsisastatisticalrecordwhichmeasuresthetotalvalueof__________.
A.acountry’sforeignexchangereservesinacertainperiodoftime
B.acountry’sforeigntradesbetweentheresidentsofacountryanditsnon-residentsforagivenperiodoftime
C.alleconomicandfinancialtransactionsbetweentheresidentsofacountryanditsnon-residentsforagivenperiodoftime
D.acountry’scapitalinflowsandoutflowsataparticulardateinagivenyear
8.ABritishpensionfundsellssomeofitsholdingsofthestocksofU.S.companiesinordertobuyU.S.corporatebonds.Thistransactionwillaffect__________.
A.theU.S.internationalinvestmentposition
B.theBritishinternationalinvestmentposition
C.bothcountries’internationalinvestmentposition
D.Noneoftheabove.Thisisbecausebothcountries’internationalinvestmentpositionunchanged,onlythecompositionofforeigninvestmentsinbothU.S.andU.K.changes.
9.WhichofthefollowingtransactionsisincludedinChina’sbalance-of-paymentsaccount?
A.AU.S.embassyinBeijingpayssalariestoitsAmericanstaffs.
B.TheWorldBankfurnishestheChinesegovernmentwithaloan.
C.AU.S.studentpaystuitionfeesforhis4year-studyinBeijingUniversity.
D.TheChineseembassyinWashingtonbuystelecommunicationequipmentsfromaChinesecompanyinShanghai.
10.IftheU.S.runscurrentaccountdeficits,wecanexpectthat__________.
A.itmayactasanetdebtorintherestoftheworld
B.itsdomesticsavingmaylessthanitsdomesticinvestment
C.itsdomesticproductionislessthanitsdomesticconsumption
D.alloftheabove
11.Thetradedeficitmeansthat__________.
A.residentsareimportingmoregoodsthantheyareexporting
B.residentsareborrowingmorefundsthantheyarelending
C.residentsarereceivingmorepaymentsthantheyaremaking
D.residentsareproducingmoregoodsthantheyareconsuming
12.Whichofthefollowingisanexampleofanexchangeoffinancialassets?
A.theexchangeofbutterforwheat
B.theexchangeofinformationtechnology
C.theexchangeofafixed-rateloanforafloating-rateloan
D.theexchangeofgoldforjewelry
13.Formostcountries,thesubcategorythattypicallydominatesthecurrentaccountis__________.
A.unilateraltransfers
B.goodstrade
C.incometrade
D.servicestrade
14.Whencategorizinginvestmentsforthefinancialaccountcomponentofthebalanceofpaymentsthe__________isaninvestmentwheretheinvestorhasnoincentivetocontrolwhereasthe_______