国际金融英文版试题chapter4Word格式文档下载.doc
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国际金融英文版试题chapter4Word格式文档下载.doc
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C.acountry’sfiscalpolices
D.acountry’schoiceastowhichexchangerateregimesuchasfixedorfloatingorbetweentofollow
2.Theinternationalmonetarysystemisbroadlydefinedas___________.
A.thesetofconventions,rules,proceduresandinstitutionsthatgoverntheconductoffinancialrelationsbetweennations
B.thesetofrulestomanageeverycountry’scentralbanks
C.thesetofrulestosolvetradedisputesbetweencountries
D.thesetofrulestodevelopworldeconomy
3.Underthegoldstandard,theexchangeratewasfixedbecause__________.
A.eachcurrencyunitcouldbeconvertedtoaweightofgold
B.thegoldcouldbeexportedandimportedwithnorestrictions
C.goldcoinscouldbefreelyminted
D.alloftheabove
4.Whenthegoldstandardprevailed,theUnitedStatesfixedthepriceofgoldat$20.646perounceandtheBritainfixedthepriceat4.252perounce.Nowsupposethefeesfortransportingoneounceofgoldwereapproximately$0.03persterlingofgold.Thentheexchangerateofdollarversussterlingwouldfluctuatebetween_________.
A.$4.8856/₤and$4.8256/₤
B.$4.9042/₤and$4.8070/₤
C.$4.9770/₤and$4.7463/₤
D.Wedon’tknow,becauseitdependsonthesupplyanddemandforcesintheforeignexchangemarket
5.Underthegoldstandard,theparvalueoftheexchangeratewasdeterminedby__________.
A.goldparityoftherelativecurrencies
B.interestrateoftherelativecurrencies
C.demandandsupplyforcesintheforeignexchangemarket
D.inflationrateoftherelativecurrencies
6.Whichofthefollowingistrueregardingthecollapseofthegoldstandardsystem?
A.TheWorldWarIhadmanyEuropeancountriessuspendconvertibilityoftheircurrenciesintogold.
B.ThepoliticalcostsofmaintainingtheovervaluedpoundweresogreatintheUnitedKingdom.
C.Nationsfacing1929–1933worldwiderecessiondecidedtopursueobjectivessuchashigheremploymentratesandrealgrowthrates,ratherthantomaintaintheexchangevalueoftheircurrencies.
D.Alloftheabovearethereasonsthatthegoldstandardfinallycollapsed.
7.TheU.S.dollarwasdesignatedastheinternationalcurrencyininternationalsettlementsundertheBrettonWoodssystem.Thedollarwasacceptedbytherestoftheworldbecause__________.
A.itcouldbeusedtopurchaseU.S.goodsandservices
B.itcouldbeconvertedtogoldatapriceof$35/ounce
C.theU.S.wastheonlysuperpoweratthattime
D.theIMFforcedtherestoftheworldtousedollartosettleinternationaldebts
8.TheprincipalfunctionoftheInternationalMonetaryFund(IMF)wasoriginallyto__________.
A.actasasupranationalregulatoryagencyforallcountries’centralbanks
B.lendtomembernationsexperiencingashortageofforeignexchangereserves
C.financepostwarreconstruction,particularlyinEuropeandJapan
D.reducetradebarriersandsettledisputesamongcountriesrelatingtocurrencynegotiations
9.Before1971theexchangerateswereprettystablebecauseoftheBrettonWoodsAgreement.SoiftheparvalueoftheJapaneseYenandU.S.dollarwassetby¥
100/$,theupperlimitandlowerlimitthatthisexchangeratewasallowedtofluctuatefreelywouldbe__________.
A.¥
101/$and¥
99/$
B.¥
102.25/$and¥
97.75/$
C.¥
105/$and¥
95/$
D.¥
110/$and¥
90/$
10.Theincreaseinvalueofacurrencypeggedtogoldoranothercurrencyisknownas__________,
A.appreciation
B.depreciation
C.revaluation
D.devaluation
11.Acountrythatregulatestherateatwhichitscurrencyisexchangedforallothercurrenciesisconsideredtohavea__________exchangeratesystem.
A.fixedormanaged
B.floatingorflexible
C.currencyboard
D.dollarization
12.Whichofthefollowingistrueforthosewhoareinfavoroffloatingexchangeratesystem?
A.Floatingexchangeratesensurebalance-of-paymentsequilibrium
B.Floatingexchangeratesensuremonetaryautonomy
C.Floatingexchangeratespromoteeconomicstability
D.Alloftheabovearetrue.
13.Sincetheadventoffloatingexchangeratesin1973ithasbecomeevidentthatauthoritieshavenotalwayslettheircurrencyfloatfreelybutrathertheyhavefrequentlyintervenedtoinfluencetheexchangerate.Thisfloatingexchangeratesystemisalsocalled__________.
A.cleanfloat
B.managedfloat
C.dirtyfloat
D.BothBandCarecorrect
14.Oneofthebenefitsofthecreationofeuroisthatit__________.
A.promotestradesandinvestmentsinthoseeuro-zone
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- 国际金融 英文 试题 chapter4