国际金融英文版试题chapter4Word格式文档下载.doc

1、C. a countrys fiscal policesD. a countrys choice as to which exchange rate regime such as fixed or floating or between to follow2. The international monetary system is broadly defined as _.A. the set of conventions, rules, procedures and institutions that govern the conduct of financial relations be

2、tween nationsB. the set of rules to manage every countrys central banksC. the set of rules to solve trade disputes between countriesD. the set of rules to develop world economy3. Under the gold standard, the exchange rate was fixed because _.A. each currency unit could be converted to a weight of go

3、ldB. the gold could be exported and imported with no restrictionsC. gold coins could be freely mintedD. all of the above4. When the gold standard prevailed, the United States fixed the price of gold at $20.646 per ounce and the Britain fixed the price at 4.252 per ounce. Now suppose the fees for tra

4、nsporting one ounce of gold were approximately $0.03 per sterling of gold. Then the exchange rate of dollar versus sterling would fluctuate between _.A. $4.8856/ and $4.8256/B. $4.9042/ and $4.8070/C. $4.9770/ and $4.7463/D. We dont know, because it depends on the supply and demand forces in the for

5、eign exchange market5. Under the gold standard, the par value of the exchange rate was determined by _ .A. gold parity of the relative currenciesB. interest rate of the relative currenciesC. demand and supply forces in the foreign exchange marketD. inflation rate of the relative currencies6. Which o

6、f the following is true regarding the collapse of the gold standard system?A. The World War I had many European countries suspend convertibility of their currencies into gold.B. The political costs of maintaining the overvalued pound were so great in the United Kingdom.C. Nations facing 1929 1933 wo

7、rldwide recession decided to pursue objectives such as higher employment rates and real growth rates, rather than to maintain the exchange value of their currencies.D. All of the above are the reasons that the gold standard finally collapsed.7. The U.S. dollar was designated as the international cur

8、rency in international settlements under the Bretton Woods system. The dollar was accepted by the rest of the world because _.A. it could be used to purchase U.S. goods and servicesB. it could be converted to gold at a price of $35/ounceC. the U.S. was the only super power at that timeD. the IMF for

9、ced the rest of the world to use dollar to settle international debts8. The principal function of the International Monetary Fund （IMF） was originally to _.A. act as a supranational regulatory agency for all countries central banksB. lend to member nations experiencing a shortage of foreign exchange

10、 reservesC. finance postwar reconstruction, particularly in Europe and JapanD. reduce trade barriers and settle disputes among countries relating to currency negotiations9. Before 1971 the exchange rates were pretty stable because of the Bretton Woods Agreement. So if the par value of the Japanese Y

11、en and U.S. dollar was set by 100/$, the upper limit and lower limit that this exchange rate was allowed to fluctuate freely would be _ .A. 101/$ and 99/$B. 102.25/$ and 97.75/$C. 105/$ and 95/$D. 110/$ and 90/$10. The increase in value of a currency pegged to gold or another currency is known as _,

12、A. appreciationB. depreciationC. revaluationD. devaluation11. A country that regulates the rate at which its currency is exchanged for all other currencies is considered to have a _ exchange rate system.A. fixed or managedB. floating or flexibleC. currency boardD. dollarization12. Which of the follo

13、wing is true for those who are in favor of floating exchange rate system?A. Floating exchange rates ensure balance-of-payments equilibriumB. Floating exchange rates ensure monetary autonomyC. Floating exchange rates promote economic stabilityD. All of the above are true.13. Since the advent of float

14、ing exchange rates in 1973 it has become evident that authorities have not always let their currency float freely but rather they have frequently intervened to influence the exchange rate. This floating exchange rate system is also called _.A. clean floatB. managed floatC. dirty floatD. Both B and C are correct14. One of the benefits of the creation of euro is that it _.A. promotes trades and investments in those euro-zone