金融市场学双语题库及答案第十六章米什金《金融市场与机构》.docx

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金融市场学双语题库及答案第十六章米什金《金融市场与机构》.docx

金融市场学双语题库及答案第十六章米什金《金融市场与机构》

FinancialMarketsandInstitutions,8e（Mishkin）

Chapter16TheInternationalFinancialSystem

16.1MultipleChoice

1）Acentralbanksaleof________topurchase________intheforeignexchangemarketresultsinanequalriseinitsinternationalreservesandthemonetarybase.

A）foreignassets;domesticcurrency

B）foreignassets;foreigncurrency

C）domesticcurrency;foreignassets

D）domesticcurrency;domesticcurrency

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

2）Acentralbanksaleof________topurchase________intheforeignexchangemarketresultsinanequaldeclineinitsinternationalreservesandthemonetarybase.

A）foreignassets;domesticcurrency

B）foreignassets;foreigncurrency

C）domesticcurrency;foreignassets

D）domesticcurrency;domesticcurrency

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

3）Acentralbank________ofdomesticcurrencyandcorresponding________offoreignassetsintheforeignexchangemarketleadstoanequal________initsinternationalreservesandthemonetarybase.

A）sale;purchase;decline

B）sale;sale;increase

C）purchase;sale;increase

D）purchase;sale;decline

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

4）Acentralbank________ofdomesticcurrencyandcorresponding________offoreignassetsintheforeignexchangemarketleadstoanequal________initsinternationalreservesandthemonetarybase.

A）sale;purchase;increase

B）sale;sale;decline

C）purchase;sale;increase

D）purchase;purchase;decline

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

5）Whenthecentralbankallowsthepurchaseorsaleofdomesticcurrencytohaveaneffectonthemonetarybase,itiscalled

A）asterilizedforeignexchangeintervention.

B）anunsterilizedforeignexchangeintervention.

C）anexchangeratefeedbackrule.

D）amoney-neutralforeignexchangeintervention.

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

6）Aforeignexchangeinterventionwithanoffsettingopenmarketoperationthatleavesthemonetarybaseunchangediscalled

A）anunsterilizedforeignexchangeintervention.

B）asterilizedforeignexchangeintervention.

C）anexchangeratefeedbackrule.

D）amoney-neutralforeignexchangeintervention.

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

7）Anunsterilizedinterventioninwhichdomesticcurrencyissoldtopurchaseforeignassetsleadsto

A）againininternationalreserves.

B）anincreaseinthemoneysupply.

C）anappreciationinthedomesticcurrency.

D）alloftheabove.

E）onlyAandBoftheabove.

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

8）Anunsterilizedinterventioninwhichdomesticcurrencyissoldtopurchaseforeignassetsleadsto

A）againininternationalreserves.

B）adecreaseinthemoneysupply.

C）anappreciationinthedomesticcurrency.

D）alloftheabove.

E）onlyAandBoftheabove.

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

9）AFederalReservedecisiontoselldollarsinordertobuyforeignassetsintheforeignexchangemarkethasthesameeffectasanopenmarket________ofbondsto________themonetarybaseandthemoneysupply.

A）sale;decrease

B）purchase;decrease

C）sale;increase

D）purchase;increase

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

10）AFederalReservedecisiontopurchasedollarsbysellingforeignassetsintheforeignexchangemarkethasthesameeffectasanopenmarket________ofbondsto________themonetarybaseandthemoneysupply.

A）sale;decrease

B）purchase;decrease

C）sale;increase

D）purchase;increase

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

11）Becausesterilizedinterventionsmeanoffsettingopenmarketoperations,thereisnoimpactonthemonetarybaseandthemoneysupply,andthereforeasterilizedintervention

A）causestheexchangeratetoovershootintheshortrun.

B）causestheexchangeratetoundershootintheshortrun.

C）causestheexchangeratetodepreciateintheshortrun,buthasnoeffectontheexchangerateinthelongrun.

D）hasnoeffectontheexchangerate.

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

12）Becausesterilizedinterventionsmeanoffsettingopenmarketoperations,

A）thereisnoimpactonthemonetarybase.

B）thereisnoimpactonthemoneysupply.

C）thereisnoeffectontheexchangerate.

D）alloftheaboveoccur.

E）onlyAandBoftheaboveoccur.

Answer:

Topic:

Chapter16.1InterventioniftheForeignExchangeMarket

QuestionStatus:

PreviousEdition

13）Thedifferencebetweenmerchandiseexportsandimportsiscalledthe

A）currentaccountbalance.

B）capitalaccountbalance.

C）balanceofpayments.

D）tradebalance.

Answer:

Topic:

Chapter16.2BalanceofPayments

QuestionStatus:

PreviousEdition

14）Acurrentaccount________indicatesthattheUnitedStatesis________itsclaimsonforeignwealth.

A）surplus;increasing

B）surplus;decreasing

C）deficit;increasing

D）balance;decreasing

Answer:

Topic:

Chapter16.2BalanceofPayments

QuestionStatus:

PreviousEdition

15）Acurrentaccount________indicatesthattheUnitedStatesis________itsclaimsonforeignwealth.

A）deficit;decreasing

B）deficit;increasing

C）surplus;decreasing

D）balance;increasing

Answer:

Topic:

Chapter16.2BalanceofPayments

QuestionStatus:

PreviousEdition

16）Holdingotherfactorsconstant,whichofthefollowingwoulddecreasethesizeoftheU.S.currentaccountdeficit?

A）Anincreaseintheamountofservicespurchasedfromforeigners

B）Anincreaseintheamountofgoodspurchasesfromforeigners

C）Anincreaseintheamountofgoodssoldtoforeigners

D）OnlyAandBoftheabove

Answer:

Topic:

Chapter16.2BalanceofPayments

QuestionStatus:

PreviousEdition

17）Holdingotherfactorsconstant,whichofthefollowingwouldincreasethesizeoftheU.S.currentaccountdeficit?

A）SalesofU.S.farmproductsinEurope

B）VisitsbyEuropeantouriststotheUnitedStates

C）IncreasingtravelbyAmericancollegestudentsinEurope

D）BothAandBoftheabove

Answer:

Topic:

Chapter16.2BalanceofPayments

QuestionStatus:

PreviousEdition

18）Thecurrentaccountbalanceplusthecapitalaccountbalanceequals

A）theamountofunsterilizedexchangemarketintervention.

B）thetradebalance.

C）thenetchangeingovernmentinternationalreserves.

D）bothAandCoftheabove.

Answer:

Topic:

Chapter16.2BalanceofPayments

QuestionStatus:

PreviousEdition

19）Ifthecurrentaccountbalanceshowsasurplus,andcapitalaccountreceiptsexceedcapitalaccountpayments,thenthenetchangeingovernmentinternationalreservesmustbe________,indicatinga（n）________inU.S.internationalreserves.

A）positive;increase

B）negative;increase

C）negative;decrease

D）positive;decrease

Answer:

Topic:

Chapter16.2BalanceofPayments

QuestionStatus:

PreviousEdition

20）Whichofthefollowingstatementsiscorrect?

A）Currentaccountbalance=capitalaccountbalance

B）Currentaccountbalance=capitalaccountbalance+netchangeingovernmentinternationalreserves

C）Currentaccountbalance+capitalaccountbalance=netchangeingovernmentinternationalreserves

D）Currentaccountbalance+netchangeingovernmentinternationalreserves=capitalaccountbalance

Answer:

Topic:

Chapter16.2BalanceofPayments

QuestionStatus:

PreviousEdition

21）TheBrettonWoodssystemwasoneinwhichcentralbanks

A）agreedtolimitdomesticmoneygrowthtotheaverageofthesevenlargestindustrialnations.

B）agreednottointerveneintheforeignexchangemarkettomaintainafixedexchangerateregimethathadexistedpriortoWorldWarI.

C）agreedtolimitdomesticmoneygrowthtotheaverageofthefivelargestindustrialnations.

D）boughtandsoldtheirowncurrenciestokeeptheirexchangeratesfixed.

Answer:

Topic:

Chapter16.3ExchangeRateRegimesintheInternationalFinancialSystem

QuestionStatus:

PreviousEdition

22）TheBrettonWoodsagreementcreatedthe________,whichwasgiventhetaskofpromotingthegrowthofworldtradebysettingrulesforthemaintenanceoffixedexchangeratesandbymakingloanstocountriesthatwereexperiencingbalanceofpaymentsdifficulties.

A）IMF

B）WorldBank

C）CentralSettlementsBank

D）BankofInternationalSettlements

E）EuropeanExchangeRateMechanism（ERM）

Answer:

Topic:

Chapter16.3ExchangeRateRegimesintheInternationalFinancialSystem

QuestionStatus:

PreviousEdition

23）TheBrettonWoodsagreementsetupthe________,whichcurrentlyprovideslong-termloanstoassistdevelopingcountriestobuilddams,roads,andotherphysicalcapitalthatcontributestoeconomicdevelopment.

A）InternationalMonetaryFund

B）WorldBank

C）CentralSettlementsBank

D）BankofInternationalSettlements

E）EuropeanExchangeRateMechanism（ERM）

Answer:

Topic:

Chapter16.3ExchangeRateRegimesintheInternationalFinancialSystem

QuestionStatus:

PreviousEdition

24）WhatkindofexchangeratesystemdidtheBrettonWoodsagreementestablish?

A）Floating

B）Managedfloat

C）Dirtyfloat

D）Fixed

Answer:

Topic:

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