选择题样题Word文档下载推荐.docx

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Whichofthefollowingisconsideredacapitalinflow 

Asaleof.financialassetstoaforeignbuyer

Aloanfroma.banktoaforeignborrower

Apurchaseofforeignfinancialassetsbya.buyer

A.citizen'

srepaymentofaloanfromaforeignbank

3.

Inacountry'

sbalanceofpayments,whichofthefollowingitemswillberecordedasadebitentry 

Domesticbankbalancesownedbyforeignersarereduced

Foreignbankbalancesownedbydomesticresidentsarereduced

Assetsownedbydomesticresidentsaresoldtononresidents

Securitiesaresoldbydomesticresidentstononresidents

4.

Whena.residentincreasesherholdingsofaforeignfinancialasset,thisitemisrecordedasa:

creditentryinthe.currentaccount.

debitentryinthe.currentaccount.

creditentryinthe.capitalaccount.

debitentryinthe.capitalaccount.

5.

Whichofthefollowingwouldtendtocontributetoa.currentaccountsurplus 

TheUnitedStatesmakesaunilateraltariffreductiononimportedgoods.

TheUnitedStatescutsbackonAmericanmilitarypersonnelstationedinJapan.

.touriststravelinlargenumberstoAsia.

RussianvodkabecomesincreasinglypopularintheUnitedStates.

6.

Acountryexperiencingacurrentaccountsurplus:

needstoborrowinternationally.

isabletolendinternationally.

mustalsohavehadasurplusinitsoverallpaymentsbalance.

spendsmorethanitearnsonitsmerchandiseandservicetrade,internationalincomepaymentsandreceiptsandinternationaltransfers.

7..

Anationisconsideredtobea（n）_____intheinternationalmarket,ifitscurrentaccountisindeficit. 

importer

exporter

borrower

lender

8.

Anationiscalledalenderif:

itsfinancialaccountisindeficitduringatimeperiod.

itscurrentaccountisinsurplusduringatimeperiod.

itscurrentaccountisindeficitduringatimeperiod.

itsnetstockofforeignassetsispositive.

9.

Anationiscalledacreditorif:

itprovidedfinancialassetstoothercountries.

10.

Theinternationalinvestmentpositionofacountryshows:

itsstocksofinternationalassetsduringatimeperiod.

itsstocksofinternationalliabilitiesduringatimeperiod.

itsstocksofinternationalassetsandliabilitiesatapointintime.

whetheritscurrentaccountisindeficitorsurplusatapointintime.

11.

IfthepriceofBritishpoundsintermsofthe.dollarsis$perpound,thenthepriceof.dollarsintermsofBritishpoundsis:

≤perdollar.

12.

Rapidincreasesinthe.exportsofgoodsandserviceswillresultina（n）_____foreigncurrencyanda（n）_____the.dollarsintheforeignexchangemarket. 

increaseinthedemandfor;

increaseinthesupplyof

increaseinthesupplyof;

increaseinthedemandfor

shortageof;

surplusof

decreaseinthesupplyof;

decreaseinthedemandfor

13.

Anincreaseinthe.importsofgoodsandservicesfromtheEUcountrieswillresultina（n）_____euroanda（n）_____the.dollarsintheforeignexchangemarket. 

decreaseinthedemandfor;

decreaseinthesupplyof

surplusof;

shortageof

14.

AssumeyouareaChineseexporterandexpecttoreceive$250,000attheendof60days.Youcanremovetheriskoflossduetoadevaluationofthedollarby:

sellingdollarsinthe60-dayforwardexchangemarket.

buyingdollarsnowandsellingthesedollarsattheendof60days.

sellingtheyuanequivalentintheforwardexchangemarketfor60-daydelivery.

keepingthedollarsintheUnitedStatesaftertheyaredeliveredtoyou.

15.

AssumeyouareanAmericanimporterwhomustpay500,000Eurosattheendof90dayswhenyoureceive1,000casesofFrenchwineatyourwarehouseinNewYork.Supposethatyouhavenotcoveredthistransactionintheforwardmarket,inwhichofthefollowingcaseswillyousufferthelargestloss 

Theeurospotexchangeratevaluevis-à

-visthedollardoesnotchange

Theeuro（spot）initiallyappreciatesby2percent,andthendepreciatesby1percent

Theeuro（spot）initiallydepreciatesby3percent,andthenappreciatesby2percent

Theeuro（spot）initiallyappreciatesby3percent,andthendepreciatesbypercent

16.

A_____givestheholdertherightbutnottheobligationtosellaforeigncurrencyatsometimeinthefutureatapricesettoday. 

forwardexchangecontract

currencyswap

putoption

calloption

17.

Whichofthefollowingfinancialinstrumentsprovidesabuyertheright（butnottheobligation）topurchaseorsellafixedamountofcurrencyataprearrangedprice,withinafewdaystoafewyears 

Letterofcredit

Currencyoption

Currencyswap

Forwardcontract

18.

Aninvestmentis_____ifitisfullyhedgedagainstexchange-raterisk. 

covered

uncovered

speculative

riskneutral

19.

Foraninvestorwhostartswithdollarsandwantstoendupwithdollarsinthefuture,whichofthefollowingchoicesisanexampleofacoveredinternationalinvestment 

Selldollarsatthespotrate,investtheproceedsinforeigncurrency-denominatedfinancialinstruments,andsignaforwardexchangecontracttobuytheforeigncurrency

Selldollarsatthespotrate,investtheproceedsinforeigncurrency-denominatedfinancialinstruments,andsignaforwardexchangecontracttobuydollars

Selldollarsatthespotrate,investtheproceedsinforeigncurrency-denominatedfinancialinstruments,andthenbuydollarsatthefuturespotrate

Buyadollar-denominatedfinancialasset

20.

Foraninvestorwhostartswithdollarsandwantstoendupwithdollarsinthefuture,whichofthefollowingchoicesisanexampleofanuncoveredinternationalinvestment 

21.

Thecoveredinterestdifferentialis_____thesumoftheforwardpremiumonacurrencyandtheinterestratedifferential. 

approximatelyequalto

morethan

exactlyequalto

lessthan

22.

Theexchangeratevalueofaforeigncurrencyis_____intheshortrunbyariseintheexpectedfuturespotexchangeratevalue. 

raised

lowered

madevolatile

notaffected

23.

_____isbuyingacountry'

scurrencyspotandsellingthatcountry'

scurrencyforward,tomakeanetprofitfromthecombinationofthedifferenceininterestratesbetweencountriesandtheforwardpremiumonthecountry'

scurrency. 

Coveredinterestarbitrage

Uncoveredinterestarbitrage

Coveredinterestparity

Uncoveredinterestparity