完整word版国际金融复习题Word文件下载.docx

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B）isequaltothedifferencebetweenthecountry'

snationalsavinganditsdomesticrealinvestment.

C）equalsthecountry'

snetforeigninvestment.

D）alloftheabove

4.IfaniteminaninternationaltransactionresultsinaresidentofaforeigncountrygettingamonetaryclaimagainstaresidentoftheUnitedStates,thenintheU.S.balanceofpaymentsthatitemis:

a）acredititem（oraddition）.

b）anofficialinternationalreserve.

c）adebititem（orsubtraction）.

d）acredititemoradebititem,dependingonwhichforeigncountryisinvolved.

5.Importationofgoodsintoacountry,purchasesbyfirmsinacountryofservicesfromfirmsoutsidethecountry,andpurchasesbyinvestorsinacountryofequityinterestsinacorporationoutsideofthecountryareallexamplesof:

a）fundsflowingoutoftheimportingorpurchasingcountry.

b）fundsflowingintotheimportingorpurchasingcountry.

c）transactionsthatarenotincludedinnationalbalance-of-paymentsaccountingsincethetransactionsareprivate.

d）transactionsthatarenotincludedinnationalbalance-of-paymentsaccountinguntiltheyarecompletedbytheultimatesaleoftheitemsinvolved.

6.Balanceofpaymentsaccountingisbasedontheconceptthateverytransactionbetweenacountryandothercountriesoftheworldinvolves:

a）goodsorservices.

b）anexchangeofvalueforvalue.

c）profitsandlosses.

d）privateinterests.

7.Ifweaddupallofthevalueoutflowsandvalueinflowsinacountry'

sbalanceofpayments,thedifferenceintheoutflowsandinflowswillbe:

a）apositivevaluebecausecountriesgainfromtrading.

b）differentforeverycountrysincesomecountrieshaveadvantagesoverothercountries

c）zerobecausethereisvaluethatflowsoutandvaluethatflowsinforeverytransaction.

d）apositivevalueforthecountrysincenocountryisgoingtobeinvolvedinatransactionwheretheyreceivelessthantheygive.

8.Thethreebroadcategoriesthatmakeupacountry'

sbalanceofpaymentsare:

a）thecurrentaccount,thedebtaccount,andtheequityaccount.

b）thefinancialaccount,thegoodsandservicesaccount,andthecapitalaccount.

c）thecurrentaccount,thefinancialaccount,andthechangesinofficialinternationalreserves.

d）thefinancialaccount,thechangesinofficialinternationalreserves,andthecapitalaccount.

9.Acountry'

s____________________reflectsallofitsexportsandimportsofgoodsandservices,itsincomereceiptsandincomepayments,anditsgifts.

a）currentaccount

b）tradebalance

c）balanceofpayments

d）internationalreserve

10.Acountry'

sgoodsandservicesbalancemeasuresthecountry'

snetexportsandisoftencalledthecountry'

s:

a）financialaccount.

b）tradebalance.

c）internationalreserve.

d）balanceofpayments.

11.Acountry'

12.Theflowsofearningsonforeignassetsarereportedinacountry’scurrentaccount,whereastheprincipalamountsof（non-official）financialassetstradedbetweenacountry'

sresidentsandtherestoftheworldare:

a）notreported.

b）reportedinthecountry'

s（non-official）financialaccountbalance.

c）consideredtobepartofthecountry'

stransactionsinofficialreserveassets.

d）reportedonlywhentheassetsaresold.

13.____________________aremoney-likeassetsheldbyagovernmentthatarerecognizedbyothergovernmentsasfullyacceptableforpaymentsbetweengovernments.

a）Foreigndirectinvestments

b）Officialcurrencies

c）Officialinternationalreserves

d）Settlementbalances

14.Ifacountry'

snetforeigninvestmentispositive,thatcountry:

a）isactingasanetlendertotherestoftheworld.

b）isactingasanetborrowerfromtherestoftheworld.

c）importsmorethanitexports.

d）isincreasingitsholdingsofofficialinternationalreserveassets.

15.Ifacountryhas____________________,thatindicatesthatthecountry'

sforeignliabilitiesaregrowingfasterthanitsforeignassets.

a）anofficialsettlementssurplus

b）negativestatisticaldiscrepancy

c）acurrentaccountdeficit

d）afinancialaccountdeficit

16.Aneconomictransactionisrecordedinthebalanceofpaymentsasacreditifitleadsto

A.apaymenttoforeigners.

B.thereceiptofapaymentfromforeigners.

C.adecreaseinforeignexchangereserves.

D.neitheraninflownoranoutflowofvalue.

17.WhichofthefollowingisrecordedasadebititemintheU.S.balanceofpaymentsaccounts?

A.AnItalianfirmpays$5millionindividendstotheholdersofitsstockintheU.S.

B.TheFrenchClubMedhiresfourAmericanscubadivinginstructorsforitsnewresortontheItalianislandofSardinia.

C.ToyotabuildsafactoryintheU.S.tomanufactureautomobiles.

D.RemittancesfromCambodianimmigrantsintheU.S.flowtotheirrelativesinThailand’srefugeecenters.

18.Borrowingfromabroadisa

A.capitalimportandthereforeadebititem.

B.capitalexportandthereforeacredititem.

C.capitalimportandthereforeacredititem.

D.capitalexportandthereforeadebititem.

19.Ifacountry’snetforeigninvestmentamountsto–$15billion,thisimpliesanequivalent

A.currentaccountdeficit.

B.currentaccountsurplus.

C.tradebalancesurplus.

D.overallbalancedeficit.

II.TrueorFalse?

Explain.

1.T/FAnegativenetforeigninvestmentonthisyear’sbalanceofpaymentsaccountsmeansthecountryisanetdebtor.

2.T/FAnationrunningacurrentaccountsurplusisaccumulatingforeignassets.

3.T/FBecausethebalanceofpaymentsaccountsmustbalance,subaccountslikethefinancialaccountmustbalance,too.

4.T/FIfGDP,consumption,anddomesticinvestmentareallconstant,anincreaseingovernmentspendingwillcausethecountrytorunatradedeficit.

5.T/FThe“statisticaldiscrepancy”componentofthebalanceofpaymentsaccountsisarefugeforscoundrels.

QuestionsforChapter3

MultipleChoice

1.IfaBritishpoundequals1837SouthKoreanwon（thecurrencyofSouthKorea）,whatistheBritishpoundequivalentofaSouthKoreanwon?

a.0.00054Britishpounds.b.0.54Britishpounds.

c.1.54Britishpounds.d.1.04Britishpounds.

2.WhenaresidentofGermanybuysaU.S.Treasurybond,therewillbea（n）:

a.increaseinthedemandforU.S.dollars.b.increaseinthedemandforGermanmarks.

c.decreaseinthedemandforU.S.dollars.d.decreaseinthedemandforGermanmarks.

3.AnappreciationoftheU.S.dollarrefersto:

a.anincreaseinthedollarpriceofaforeigncurrency.

b.adecreaseinthedollarpriceofaforeigncurrency.

c.adecreaseintheamountoffinancialassetsheldbyU.S.interests.

d.thehighregardthatforeignershavefortheU.S.financialsystem.

4.IfoneU.S.dollarsequals5.76EgyptianpoundsandoneU.S.dollarequals0.56Britishpounds,howmanyEgyptianpoundsequalsoneBritishpound?

a.0.097Egyptianpounds.b.5.200Egyptianpounds.

c.10.29Egyptianpounds.d.3.226Egyptianpounds.

5.The____________________rateisthepriceofonecountry'

smoneyinunitsofanothercountry'

smoney.

a.forwardb.foreignswap

c.arbitraged.exchange

6.Ifpartiestoatransactionagreeontherateatwhichtwocurrencieswillbeexchangedataspecifictimeseveralmonthsthefuture,theyhaveagreedtoa（n）:

a.reverseforwardswap.b.spotexchangerate.

c.forwardexchangerate.d.arbitragetransaction.

7.The____________________marketistheforeignexchangetradingthatisdonebybankswiththeircustomers.

a.retailpartoftheb.interbankforeignexchange

c.commercialexchanged.swap

8.Theinterbankpartoftheforeignexchangemarketinvolvesbankstradingwith____________________inforeignexchange

a.customersb.countries

c.otherbanksd.industrialfirms

9.Thecurrencythatismostoftenusedtoaccomplishtradingbetweentwoothercurrenciesisthe________________,whichisoftenreferredtoasavehiclecurrency.

a.eurob.Britishpound

c.U.S.dollard.Japaneseyen

10.IntheEuropeanUnion,the____________________setaprocessthathasresultedintheadoptionoftheeuroasthecurrencyofmorethanhalfoftheEUcountries.

a.TreatyofRomeb.MaastrichtTreaty

c.EuropeanCouncild.EuropeanParliament

11.Sincemostexporterswanttobepaidinthecurrencyoftheirhomecountry,exportsofgoodsgenerallycause:

a.foreigncurrencytobesoldtobuythecurrencyofthecountrythatexportsthegoods.

b.U.S.dollarstobeboughttoincreasethesupplyofforeigncurrencyintheimportingcountry.

c.foreigncurrencytobeborrowedtouseinpayingfortheexports.

d.U.S.dollarstobeusedtopayfortheexports.

12.WhentheU.S.importsgoods,thoseimportscreatea（n）:

a.supplyofaforeigncurrencyandademandforU.S.dollars.

b.demandforforeigncurrenciesandasupplyofU.S.dollars.

c.equilibriumi