国际金融习题.docx

1、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）Chapter 2: Payments among NationsSingle-Choice Questions1. A countrys balance of payments records:a. The value of all exports of goods and services from that country for a period of time.b. All flows of value between that co

2、untrys residents and residents of the rest of the world during a period of time.c. All flows of financial assets that cross that countrys borders during a period of time.d. All flows of goods into that country during a period of time.2. A credit item in the balance of payments is:a. An item for whic

3、h the country must be paid.b. An item for which the country must pay.c. Any imported item.d. An item that creates a monetary claim owed 欠 to a foreigner.3. Every international exchange of value is entered into the balance-of-payments accounts _ time(s). a. 1b. 2c. 3d. 44. A debit item in the balance

4、 of payments is:a. An item for which the country must be paid.b. An item for which the country must pay.c. Any exported item.d. An item that creates a monetary claim on a foreigner.5. In a nations balance of payments, which one of the following items is always recorded as a positive entry? a. Change

5、s in foreign currency reserves.b. Imports of goods and services.c. Military foreign aid supplied to allied nations.d. Purchases by foreign travelers visiting the country.6. The sum of all of the debit 借方 items in the balance of payments:a. Equals the overall balance.b. Equals the sum of all credit i

6、tems.c. Equals compensating transactions.d. Equals the sum of credit items minus errors and omissions.7. Which of the following capital transactions are entered as debits in the U.S. balance of payments?a. A U.S. resident transfers $100 from his account at Credit Suisse in Basel (Switzerland) to his

7、 account at a San Francisco branch of Wells Fargo Bank. b. A French resident transfers $100 from his account at Wells Fargo Bank in San Francisco to his Credit Suisse account in Basel.c. A U.S. resident sells his IBM stock to a French resident. d. A U.S. resident sells his Credit Suisse stock to a F

8、rench resident. 8. An increase in a nations financial liabilities to foreign residents is a:a. Reserve inflow.b. Reserve outflow.c. Capital inflow.d. Capital outflow.9. 15_ are money-like assets that are held by governments and that are recognized by governments as fully acceptable for payments betw

9、een them. a. Official international reserve assets b. Unofficial international reserve assets c. Official domestic reserve assets d. Unofficial domestic reserve assets 10. Which of the following is considered a capital inflow?a. A sale of U.S. financial assets to a foreign buyer.b. A loan from a U.S

10、. bank to a foreign borrower.c. A purchase of foreign financial assets by a U.S. buyer.d. A U.S. citizens repayment of a loan from a foreign bank.11. In a countrys balance of payments, which of the following transactions are debits?a. Domestic bank balances owned by foreigners are decreased.b. Forei

11、gn bank balances owned by domestic residents are decreased.c. Assets owned by domestic residents are sold to nonresidents.d. Securities are sold by domestic residents to nonresidents. 不常住人口12. The role of _ is to direct one nations savings into another nations investments: a. Merchandise trade商品贸易 f

12、lowsb. Services flowsc. Current account flowsd. Capital flows13. The net value of flows of goods, services, income, and unilateral transfers is called the:a. Capital account.b. Current account.c. Trade balance.d. Official reserve balance.14. The net value of flows of financial assets and similar cla

13、ims (excluding official international reserve asset flows) is called the:a. Financial account.b. Current account.c. Trade balance.d. Official reserve balance.15. The financial account in the U.S. balance of payments includes:a. Everything in the current account.b. U.S. government payments to other c

14、ountries for the use of military bases.c. Profits that Nissan of America sends back to Japan.d. New U.S. investments in foreign countries.16. A U.S. resident increasing her holdings of a foreign financial asset causes a:a. Credit in the U.S. current account.b. Debit in the U.S. current account.c. Cr

15、edit in the U.S. capital account.d. Debit in the U.S. capital account.17. A foreign resident increasing her holdings of a U.S. financial asset causes a:a. Credit in the U.S. current account.b. Debit in the U.S. current account.c. Credit in the U.S. capital account.d. Debit in the U.S. capital accoun

16、t.18. A deficit in the current account:a. Tends to cause a surplus in the financial account.b. Tends to cause a deficit in the financial account.c. Has no relationship to the financial account.d. Is the result of increasing exports and decreasing imports.19. In September, 2005, exports of goods from

17、 the U.S. decreased $3.3 billion to $73.4 billion, and imports of goods increased $3.8 billion to $144.5 billion. This increased the deficit in:a. The balance of payments.b. The financial account.c. The current account.d. Unilateral transfers.20. Which of the following would contribute to a U.S. cur

18、rent account surplus?a. The United States makes a unilateral tariff reduction 降低单方关税 on imported goods.b. The United States cuts back on American military personnel stationed in Japan.c. U.S. tourists travel in large numbers to Asia.d. Russian vodka becomes increasingly popular in the United States.

19、21. Which of the following transactions is recorded in the financial account?a. Ford motor company builds a new plant in China b. A Chinese businessman imports Ford automobiles from the United States.c. A U.S. tourist spends money on a trip to China.d. The New York Yankees are paid $10 million by th

20、e Chinese to play an exhibition game in Beijing, China.22. If a British business buys U.S. government securities, how will this be entered in the balance of payments?a. It will appear in the trade account as an import.b. It will appear in the trade account as an export.c. It will appear in the finan

21、cial account as an increase in U.S. assets held by foreigners.d. It will appear in the financial account as a decrease in U.S. assets held by foreigners.23. In the balance of payments, the statistical discrepancy 统计误差 or error term is used to:a. Ensure that the sum of all debits matches the sum of a

22、ll credits.b. Ensure that imports equal the value of exports.c. Obtain an accurate account of a balance-of-payments deficit.d. Obtain an accurate account of a balance-of-payments surplus.24. Official reserve assets are:a. The gold holdings in the nations central bank.b. Money like assets that are he

23、ld by governments and that are recognized by governments as fully acceptable for payments between them.c. Government T-bills and T-bonds.国库券、国债d. Government holdings of SDRs 储备头寸25. Which of the following constitutes the largest component 组成部分of the worlds international reserve assets?a. Gold. b. Sp

24、ecial Drawing Rights.c. IMF Reserve Positions. d. Foreign Currencies.26. The net accumulation of foreign assets minus foreign liabilities is: a. Net official reserves.b. Net domestic investment.c. Net foreign investment.d. Net foreign deficit.27. A country experiencing a current account surplus:a. N

25、eeds to borrow internationally.b. Is able to lend internationally.c. Must also have had a surplus in its overall balance.d. Spent more than it earned on its merchandise and service trade, international income payments and receipts and international transfers.28. The _ measures the sum of the current

26、 account balance plus the private capital account balance.a. Official capital balanceb. Unofficial capital balancec. Official settlements balanced. Unofficial settlements balance29. If the overall balance is in _, there is an accumulation 积累of official reserve assets by the country or a decrease in

27、foreign official reserve holdings of the countrys assets. a. Surplusb. Deficitc. Balanced. Foreign hands30. Which of the following is the current account balance NOT equal to?a. The difference between domestic product and domestic expenditure.b. The difference between national saving and domestic in

28、vestment.c. Net foreign investment.d. The difference between government saving and government investment.True/False Questions31. Capital inflows are debits and capital outflows are credits. F32. The net value of the flow of goods, services, income, and gifts is the current account balance.T33. The n

29、et flow of financial assets and similar claims is the private current account balance.F34. The majority of countries official reserves assets are now foreign exchange assets, financial assets denominated in a foreign currency that is readily acceptable in international transactionsT35. A countrys fi

30、nancial account balance equals the countrys net foreign investment. F36. A country has a current account deficit if it is saving more than it is investing domestically. F37. The official settlements balance measures the sum of the capital account balance plus the public current account balance. F 15

31、38. A nations international investment position shows its stock of international assets and liabilities at a moment in time. T39. A nation is a borrower if its current account is in deficit during a time period. T40. A nation is a debtor if its net stock of foreign assets is positive. F41. A transaction leading to a foreign resident increasing her holdings of a U.S. financial asset will be recorded as a debit on the U.S. financial account. F42. A credit item is an item for