国际金融实务双语练习卷doc.docx
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国际金融实务双语练习卷doc.docx
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国际金融实务双语练习卷doc
PartOne.Choosetherightanswer.(2pts*24=48pts)
1.Whichofthefollowingisconsideredacapitalinflow?
a.AsaleofU.S.financialassetstoaforeignbuyer
b・AloanfromaU.S・banktoaforeignborrower
c.ApurchaseofforeignfinancialassetsbyaU.S.buyer
d.AU.S.citizen'srepaymentofaloanfromaforeignbank
2.WhichofthefollowingisclassifiedasacreditintheU.S.balanceofpayments?
a.U.S.exports
b.U・S・giftstoothercountries
c.AflowofgoldoutoftheU.S.
d.ForeignloansmadebyU・S・companies
3.Credit(+)itemsinthebalanceofpaymentscorrespondtoanythingthat:
a.Involvesreceiptsfromforeigners
b.Involvespaymentstoforeigners
c.Decreasesthedomesticmoneysupply
d.Increasesthedemandforforeignexchange
4.Reducingacurrentaccountsurplusrequiresacountryto:
a.Increasethegovernment'sdeficitandincreaseprivateinvestmentrelativetosaving
b.Increasethegovernment'sdeficitanddecreaseprivateinvestmentrelativetosaving
c.Decreasethegovernment'sdeficitandincreaseprivateinvestmentrelativetosaving
d.Decreasethegovernment'sdeficitanddecreaseprivateinvestmentrelativetosaving
5.WhichofthefollowingtendstocausetheU.S.dollartoappreciateinvalue?
a.AnincreaseinU.S.pricesaboveforeignpricesb・Rapideconomicgrowthinforeigncountries
c.AfallinU.S.interestratesbelowforeignlevels
d.AnincreaseinthelevelofU.S・income
6.SupposethatrealincomesincreasemorerapidlyintheChinathaninJapan.Thissituationwouldlikelyresultina(an):
a.IncreaseinthedemandforJapaneseyen
b.DecreaseinthedemandforJapaneseyen
c.IncTeaseinthesupplyofJapaneseyens
d.DecreaseinthesupplyofpesosJapaneseyen
7.Inasupply-and-demanddiagramforJapaneseyen,withtheexchangerateindollarsperyenontheverticalaxis,thedemandscheduleforyenisdrawnsloping:
a.Upward
b.Vertical
c.Downward
d.Horizontal
8.Mostforeignexchangetradingoccursbetweenbanksand:
a.Nationalgovernments
b.Otherbanks
c.Corporations
d.Householdinvestors
9.Intheinterbankmarketforforeignexchange,the
referstothedifferencebetweentheofferrateandthebidrate.
a.Crossrate
b.Option
c.Arbitrage
d.Spread
Table1.SupplyandDemandofBritishPounds
Quantity
Dollars
Quantity
ofPounds
per
ofPounds
Supplied
Pound
Demanded
1,000
2.00
200
800
1.80
400
600
1.50
600
400
1.40
800
200
1.20
1,000
10.RefertoTable1,Theequilibriumexchangerateequals:
a.$1.20perpound
b.$1.40perpound
c.$1.80perpound
d.$1.50perpound
Table2.ForwardExchangeRates
U.S.DollarEquivalent
11.RefertoTable2.OnWednesday,the30-dayforwardfrancwassellingata:
a.1percentpremiumperannumagainstthedollar
b.2percentpremiumperannumagainstthedollar
c.1percentdiscountperannumagainstthedollar
d.2percentdiscountperannumagainstthedollar
12.IfCanadarunsatradesurpluswithMexicoandexchangeratesarefloating:
a.Thepesowilldepreciaterelativetothedollar
b.Thedollarwilldepreciaterelativetothepeso
c.ThepricesofallforeigngoodswillfallforCanadians
d.ThepricesofallforeigngoodswillriseforCanadians
13.IfMexico'slaborproductivityrisesrelativetoEurope!
slaborproductivity:
a.Thepesotendstodepreciateagainsttheeurointheshortrun
b.Thepesotendstoappreciateagainsttheeurointheshort
run
c.Thepesotendstodepreciateagainsttheeurointhelongrun
d.Thepesotendstoappreciateagainsttheeurointhelongrun
14.Givenasystemoffloatingexchangerates,weakerU・S・preferencesforimportswouldtrigger:
a.Anincreaseinthedemandforimportsandanincreaseinthedemandforforeigncurrency
b・Anincreaseinthedemandforimportsandadecreaseinthedemandforforeigncurrency
c.Adecreaseinthedemandforimportsandanincreaseinthedemandforforeigncurrency
d.Adecreaseinthedemandforimportsandadecreaseinthedemandforforeigncurrency
15.WhichexampleofmarketexpectationscausesthedollartoappreciateagainstRMB—expectationsthattheU.S.economywillhave:
a.FastereconomicgrowththanChina
b.HigherfutureinterestratesthanChina
c.MorerapidmoneysupplygrowththanChina
d.HigherinflationratesthanChina
16.Anexchangerateissaidtowhenitsshort-run
responsetoachangeinmarketfundamentalsisgreaterthanitslong-runresponse・
a.Overshootb.Undershootc.Depreciated.Appreciate
17.Concerningexchangerateforecasting,relieson
econometricmodelswhicharebasedonmacroeconomicvariableslikelytoaffectcurrencyvalues・
a.Fundamentalanalysis
b・Technicalanalysis
c.Judgmentalanalysis
d.Sunspotanalysis
18.Whichofthefollowingbalance-of-paymentsadjustmentmechanismsismostcloselyrelatedtothequantitytheoryofmoney?
a.Income-adjustmentmechanism
b.Price-adjustment
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