国际金融实务双语练习卷docWord格式.docx

1、c.A flow of gold out of the U.S.d.Foreign loans made by US companies3.Credit （+） items in the balance of payments correspond to anything that:a.Involves receipts from foreignersb.Involves payments to foreignersc.Decreases the domestic money supplyd.Increases the demand for foreign exchange4.Reducing

2、 a current account surplus requires a country to:a.Increase the governments deficit and increase private investment relative to savingb.Increase the governments deficit and decrease private investment relative to savingc.Decrease the governmentd.Decrease the government5.Which of the following tends

3、to cause the U.S. dollar to appreciate in value?a.An increase in U.S. prices above foreign prices b Rapid economic growth in foreign countriesc.A fall in U.S. interest rates below foreign levelsd.An increase in the level of U.S income6.Suppose that real incomes increase more rapidly in the China tha

4、n in Japan. This situation would likely result in a （an）:a.Increase in the demand for Japanese yenb.Decrease in the demand for Japanese yenc.IncTease in the supply of Japanese yen sd.Decrease in the supply of pesos Japanese yen7.In a supply-and-demand diagram for Japanese yen, with the exchange rate

5、 in dollars per yen on the vertical axis, the demand schedule for yen is drawn sloping:a.Upwardb.Verticalc.Downwardd.Horizontal8.Most foreign exchange trading occurs between banks and:a.National governmentsb.Other banksc.Corporationsd.Household investors9.In the interbank market for foreign exchange

6、, the refers to the difference between the offer rate and the bid rate.a.Cross rateb.Optionc.Arbitraged.SpreadTable 1. Supply and Demand of British PoundsQuantityDollarsof PoundsperSuppliedPoundDemanded1,0002.002008001.804006001.501.401.2010.Refer to Table 1, The equilibrium exchange rate equals:a.$

7、1.20 per poundb.$1.40 per poundc.$1.80 per poundd.$1.50 per poundTable 2. Forward Exchange RatesU.S. Dollar Equivalent11.Refer to Table 2. On Wednesday, the 30-day forward franc was selling at a:a.1 percent premium per annum against the dollarb.2 percent premium per annum against the dollarc.1 perce

8、nt discount per annum against the dollard.2 percent discount per annum against the dollar12.If Canada runs a trade surplus with Mexico and exchange rates are floating:a.The peso will depreciate relative to the dollarb.The dollar will depreciate relative to the pesoc.The prices of all foreign goods w

9、ill fall for Canadiansd.The prices of all foreign goods will rise for Canadians13.If Mexicos labor productivity rises relative to Europe!s labor productivity:a.The peso tends to depreciate against the euro in the short runb.The peso tends to appreciate against the euro in the shortrunc.The peso tend

10、s to depreciate against the euro in the long rund.The peso tends to appreciate against the euro in the long run14.Given a system of floating exchange rates, weaker US preferences for imports would trigger:a.An increase in the demand for imports and an increase in the demand for foreign currencyb An

11、increase in the demand for imports and a decrease in the demand for foreign currencyc. A decrease in the demand for imports and an increase in the demand for foreign currencyd. A decrease in the demand for imports and a decrease in the demand for foreign currency15.Which example of market expectatio

12、ns causes the dollar to appreciate against RMBexpectations that the U.S. economy will have:a.Faster economic growth than Chinab.Higher future interest rates than Chinac.More rapid money supply growth than Chinad.Higher inflation rates than China16.An exchange rate is said to when its short-runrespon

13、se to a change in market fundamentals is greater than its long-run responsea.Overshoot b. Undershoot c. Depreciate d. Appreciate17.Concerning exchange rate forecasting, relies oneconometric models which are based on macroeconomic variables likely to affect currency valuesa.Fundamental analysisb Technical analysisc.Judgmental analysisd.Sunspot analysis18.Which of the following balance-of-payments adjustment mechanisms is most closely related to the quantity theory of money?a.Income-adjustment mechanismb.Price-adjustment