国际金融习题.docx

国际金融习题.docx

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国际金融习题

注：

本次作业将根据正确率计算分数，请大家务必认真！

Single-choice（单选）、True/False（判断），Essay（简短作答题）

Chapter2:

PaymentsamongNations

Single-ChoiceQuestions

1.Acountry’sbalanceofpaymentsrecords:

a.Thevalueofallexportsofgoodsandservicesfromthatcountryforaperiodoftime.

b.Allflowsofvaluebetweenthatcountry’sresidentsandresidentsoftherestoftheworldduringaperiodoftime.

c.Allflowsoffinancialassetsthatcrossthatcountry’sbordersduringaperiodoftime.

d.Allflowsofgoodsintothatcountryduringaperiodoftime.

2.Acredititeminthebalanceofpaymentsis:

a.Anitemforwhichthecountrymustbepaid.

b.Anitemforwhichthecountrymustpay.

c.Anyimporteditem.

d.Anitemthatcreatesamonetaryclaimowed欠toaforeigner.

3.Everyinternationalexchangeofvalueisenteredintothebalance-of-paymentsaccounts__________time（s）.

a.1

b.2

c.3

d.4

4.Adebititeminthebalanceofpaymentsis:

a.Anitemforwhichthecountrymustbepaid.

b.Anitemforwhichthecountrymustpay.

c.Anyexporteditem.

d.Anitemthatcreatesamonetaryclaimonaforeigner.

5.Inanation'sbalanceofpayments,whichoneofthefollowingitemsisalwaysrecordedasapositiveentry?

a.Changesinforeigncurrencyreserves.

b.Importsofgoodsandservices.

c.Militaryforeignaidsuppliedtoalliednations.

d.Purchasesbyforeigntravelersvisitingthecountry.

6.Thesumofallofthedebit借方itemsinthebalanceofpayments:

a.Equalstheoverallbalance.

b.Equalsthesumofallcredititems.

c.Equals‘compensating’transactions.

d.Equalsthesumofcredititemsminuserrorsandomissions.

7.WhichofthefollowingcapitaltransactionsareenteredasdebitsintheU.S.balanceofpayments?

a.AU.S.residenttransfers$100fromhisaccountatCreditSuisseinBasel（Switzerland）tohisaccountataSanFranciscobranchofWellsFargoBank.

b.AFrenchresidenttransfers$100fromhisaccountatWellsFargoBankinSanFranciscotohisCreditSuisseaccountinBasel.

c.AU.S.residentsellshisIBMstocktoaFrenchresident.

d.AU.S.residentsellshisCreditSuissestocktoaFrenchresident.

8.Anincreaseinanation'sfinancialliabilitiestoforeignresidentsisa:

a.Reserveinflow.

b.Reserveoutflow.

c.Capitalinflow.

d.Capitaloutflow.

9.15__________aremoney-likeassetsthatareheldbygovernmentsandthatarerecognizedbygovernmentsasfullyacceptableforpaymentsbetweenthem.

a.Officialinternationalreserveassets

b.Unofficialinternationalreserveassets

c.Officialdomesticreserveassets

d.Unofficialdomesticreserveassets

10.Whichofthefollowingisconsideredacapitalinflow?

a.AsaleofU.S.financialassetstoaforeignbuyer.

b.AloanfromaU.S.banktoaforeignborrower.

c.ApurchaseofforeignfinancialassetsbyaU.S.buyer.

d.AU.S.citizen’srepaymentofaloanfromaforeignbank.

11.Inacountry’sbalanceofpayments,whichofthefollowingtransactionsaredebits?

a.Domesticbankbalancesownedbyforeignersaredecreased.

b.Foreignbankbalancesownedbydomesticresidentsaredecreased.

c.Assetsownedbydomesticresidentsaresoldtononresidents.

d.Securitiesaresoldbydomesticresidentstononresidents.不常住人口

12.Theroleof__________istodirectonenation’ssavingsintoanothernation’sinvestments:

a.Merchandisetrade商品贸易flows

b.Servicesflows

c.Currentaccountflows

d.Capitalflows

13.Thenetvalueofflowsofgoods,services,income,andunilateraltransfersiscalledthe:

a.Capitalaccount.

b.Currentaccount.

c.Tradebalance.

d.Officialreservebalance.

14.Thenetvalueofflowsoffinancialassetsandsimilarclaims（excludingofficialinternationalreserveassetflows）iscalledthe:

a.Financialaccount.

b.Currentaccount.

c.Tradebalance.

d.Officialreservebalance.

15.ThefinancialaccountintheU.S.balanceofpaymentsincludes:

a.Everythinginthecurrentaccount.

b.U.S.governmentpaymentstoothercountriesfortheuseofmilitarybases.

c.ProfitsthatNissanofAmericasendsbacktoJapan.

d.NewU.S.investmentsinforeigncountries.

16.AU.S.residentincreasingherholdingsofaforeignfinancialassetcausesa:

a.CreditintheU.S.currentaccount.

b.DebitintheU.S.currentaccount.

c.CreditintheU.S.capitalaccount.

d.DebitintheU.S.capitalaccount.

17.AforeignresidentincreasingherholdingsofaU.S.financialassetcausesa:

a.CreditintheU.S.currentaccount.

b.DebitintheU.S.currentaccount.

c.CreditintheU.S.capitalaccount.

d.DebitintheU.S.capitalaccount.

18.Adeficitinthecurrentaccount:

a.Tendstocauseasurplusinthefinancialaccount.

b.Tendstocauseadeficitinthefinancialaccount.

c.Hasnorelationshiptothefinancialaccount.

d.Istheresultofincreasingexportsanddecreasingimports.

19.InSeptember,2005,exportsofgoodsfromtheU.S.decreased$3.3billionto$73.4billion,andimportsofgoodsincreased$3.8billionto$144.5billion.Thisincreasedthedeficitin:

a.Thebalanceofpayments.

b.Thefinancialaccount.

c.Thecurrentaccount.

d.Unilateraltransfers.

20.WhichofthefollowingwouldcontributetoaU.S.currentaccountsurplus?

a.TheUnitedStatesmakesaunilateraltariffreduction降低单方关税onimportedgoods.

b.TheUnitedStatescutsbackonAmericanmilitarypersonnelstationedinJapan.

c.U.S.touriststravelinlargenumberstoAsia.

d.RussianvodkabecomesincreasinglypopularintheUnitedStates.

21.Whichofthefollowingtransactionsisrecordedinthefinancialaccount?

a.FordmotorcompanybuildsanewplantinChina

b.AChinesebusinessmanimportsFordautomobilesfromtheUnitedStates.

c.AU.S.touristspendsmoneyonatriptoChina.

d.TheNewYorkYankeesarepaid$10millionbytheChinesetoplayanexhibitiongameinBeijing,China.

22.IfaBritishbusinessbuysU.S.governmentsecurities,howwillthisbeenteredinthebalanceofpayments?

a.Itwillappearinthetradeaccountasanimport.

b.Itwillappearinthetradeaccountasanexport.

c.ItwillappearinthefinancialaccountasanincreaseinU.S.assetsheldbyforeigners.

d.ItwillappearinthefinancialaccountasadecreaseinU.S.assetsheldbyforeigners.

23.Inthebalanceofpayments,thestatisticaldiscrepancy统计误差orerrortermisusedto:

a.Ensurethatthesumofalldebitsmatchesthesumofallcredits.

b.Ensurethatimportsequalthevalueofexports.

c.Obtainanaccurateaccountofabalance-of-paymentsdeficit.

d.Obtainanaccurateaccountofabalance-of-paymentssurplus.

24.Officialreserveassetsare:

a.Thegoldholdingsinthenation’scentralbank.

b.Moneylikeassetsthatareheldbygovernmentsandthatarerecognizedbygovernmentsasfullyacceptableforpaymentsbetweenthem.

c.GovernmentT-billsandT-bonds.国库券、国债

d.GovernmentholdingsofSDR’s储备头寸

25.Whichofthefollowingconstitutesthelargestcomponent组成部分oftheworld’sinternationalreserveassets?

a.Gold.

b.SpecialDrawingRights.

c.IMFReservePositions.

d.ForeignCurrencies.

26.Thenetaccumulationofforeignassetsminusforeignliabilitiesis:

a.Netofficialreserves.

b.Netdomesticinvestment.

c.Netforeigninvestment.

d.Netforeigndeficit.

27.Acountryexperiencingacurrentaccountsurplus:

a.Needstoborrowinternationally.

b.Isabletolendinternationally.

c.Mustalsohavehadasurplusinits"overall"balance.

d.Spentmorethanitearnedonitsmerchandiseandservicetrade,internationalincomepaymentsandreceiptsandinternationaltransfers.

28.The__________measuresthesumofthecurrentaccountbalanceplustheprivatecapitalaccountbalance.

a.Officialcapitalbalance

b.Unofficialcapitalbalance

c.Officialsettlementsbalance

d.Unofficialsettlementsbalance

29.Iftheoverallbalanceisin__________,thereisanaccumulation积累ofofficialreserveassetsbythecountryoradecreaseinforeignofficialreserveholdingsofthecountry'sassets.

a.Surplus

b.Deficit

c.Balance

d.Foreignhands

30.WhichofthefollowingisthecurrentaccountbalanceNOTequalto?

a.Thedifferencebetweendomesticproductanddomesticexpenditure.

b.Thedifferencebetweennationalsavinganddomesticinvestment.

c.Netforeigninvestment.

d.Thedifferencebetweengovernmentsavingandgovernmentinvestment.

True/FalseQuestions

31.Capitalinflowsaredebitsandcapitaloutflowsarecredits.F

32.Thenetvalueoftheflowofgoods,services,income,andgiftsisthecurrentaccountbalance.T

33.Thenetflowoffinancialassetsandsimilarclaimsistheprivatecurrentaccountbalance.F

34.Themajorityofcountries'officialreservesassetsarenowforeignexchangeassets,financialassetsdenominatedinaforeigncurrencythatisreadilyacceptableininternationaltransactionsT

35.Acountry'sfinancialaccountbalanceequalsthecountry'snetforeigninvestment.F

36.Acountryhasacurrentaccountdeficitifitissavingmorethanitisinvestingdomestically.F

37.Theofficialsettlementsbalancemeasuresthesumofthecapitalaccountbalanceplusthepubliccurrentaccountbalance.F15

38.Anation'sinternationalinvestmentpositionshowsitsstockofinternationalassetsandliabilitiesatamomentintime.T

39.Anationisaborrowerifitscurrentaccountisindeficitduringatimeperiod.T

40.Anationisadebtorifitsnetstockofforeignassetsispositive.F

41.AtransactionleadingtoaforeignresidentincreasingherholdingsofaU.S.financialassetwillberecordedasadebitontheU.S.financialaccount.F

42.

Acredititemisanitemfor