国际经济学理论与政策--双语各章练习.doc

国际经济学理论与政策--双语各章练习.doc

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QuizforChapter12

Ⅰ.Fillthefollowingblankswiththeproperwordorexpression

1.Y-（）=CA

2、NationalincomeequalsGNPless（）,plus（）,less（）.

3.GNPequalsGDP（）netreceiptsoffactorincomefromtherestoftheworld.

4.Thenationalincomeidentityforanopeneconomyis（）.

5.Whenacountry'sexportsexceeditsimports,wesaythecountryhasacurrentaccount（）.

6.Thecurrentaccountincludes（）

7.Anytransactionresultinginapaymenttoforeignersisenteredinthebalanceofpaymentaccountasa（）.

8.Inaclosedeconomy,nationalsavingalwaysequals（）.

9.Whenofficialreservesincrease,thiswillberecordedinthe（）,with（）sign.

10.Whendebitisbiggerthannetdecreaseofthereserve,thedifferencewillgotothe（）.

Ⅱ.Trueorfalse

1.Thebalanceofpaymentsaccountsalwaysbalanceinpracticeastheymustintheory.（）

2.Netunilateraltransfersareconsideredpartofthecurrentaccountsbutnotapartofnationalincome.（）

3.TheGNPacountrygeneratesoversometimeperiodmustequalitsnationalincome,theincomeearnedinthatperiodbyitsfactorsofproduction.（）

4.WhenyoubuyashareofMicrosoftstock,youarebuyingneitheragoodoraservice,soyourpurchasedosenotshowupinGNP.（）

5.Ifthegovernmentdeficitrisesandprivatesavingandinvestmentdonotchangemuch,thecurrentaccountsurplusmustfallbyroughlythesameaccountastheincreaseinthefiscaldeficit.（）

6.Weincludeincomeonforeigninvestmentinthecurrentaccountbecausethatincomereallyiscompensationfortheservicesprovidedbyforeigninvestments.（）

7.Rememberthatforeignborrowingmaynotalwaysbeabadidea:

acountrythatborrowsabroadtoundertakeprofitabledomesticinvestmentcanpayitscreditorsandstillhavemoneyleftover.（）

8.Governmentagenciesincludingcentralbankscanfreelyholdforeignreservesandinterveneofficiallyinexchangemarket.（）

9.WhentheUnitedStateslendsabroad,apaymentismadetoforeignersandthecapitalaccountiscredited.

10.Onereasoninterventionisimportantisthatcentralbanksuseitasawayofalteringtheamountofmoneyincirculation.

Ⅲ.Answerthefollowingquestions:

1.Whyaccountkeepersaddstheaccountastatisticaldiscrepancytothebalanceofpayment?

2.ThenationofPecuniahadacurrentaccountdeficitof＄1billionandanonreservefinancialaccountsurplusof＄550millionin2005.

（1）WhatwasthebalanceofpaymentsofPecuniainthatyear?

Whathappenedtothecountry’snetforeignassets?

（2）AssumethatforeigncentralbanksneitherbuynorsellPecunianassets.HowdidthePecuniancentralbankshadpurchased＄600millionofPecunianassetsin2005?

Howwouldthisofficialinterventionshowupinthebalanceofpaymentsaccounts?

（3）Howwouldyouranswerto

（2）changeifyoulearnedthatforeigncentralbankshadpurchasedenterforeignbalanceofpaymentsaccounts?

Ⅳ.Fillthefollowingblanks:

China'sbalanceofpaymentin2000

UnitUSdollar（million）

Balance

CurrentAccount

Goods

34473

Services

-5600

Income

-14665

UnilateralTransfer

6311

CapitalAccount

Directinvestment

37482

Portfolioinvestment

-3990

Othercapital

-31534

StatisticalDiscrepancy

OfficialReserve

-11929

QuizforChapter13

Ⅰ.Fillthefollowingblankswiththeproperwordorexpression

1.Changesinexchangeratesaredescribedasor.

2.Foreignexchangedealssometimesspecifyavaluedatefartherawaythantwo-days-30days,90days,180days,orevenseveralyears.Theexchangeratesquotedinsuchtransactionsarecalled

3.isthemostliquidofassets

4.Theeasewithwhichtheassetcanbesoldorexchangeforgoods,wecallthecharacteris

5.Aforeignisaspotsaleofacurrencycombinedwithaforwardrepurchaseofthecurrency.

6.Theforeignexchangemarketisinwhendepositsofallcurrenciesofferthesameexpectedrateofreturn.

7.Thepriceofonecurrencyintermsofanotheriscalledan

8.Allelseequal,aintheexpectedfutureexchangeratecausesariseinthecurrentexchangerate.

9.isthepercentageincreaseinvalue,itoffersoversometimeperiod.

10.Allelseequal,anintheinterestpaidondepositsofacurrencycausesthatcurrencytoappreciateagainstforeigncurrencies.

Ⅱ.Trueorfalse

1.Arateofappreciationofthedollaragainsttheeuroistherateofdepreciationoftheeuroagainstdollar.（）

2.Theexchangeratequotedasthepriceofforeigncurrencyintermsofdomest