完整word版国际金融复习题Word文件下载.docx
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完整word版国际金融复习题Word文件下载.docx
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B)isequaltothedifferencebetweenthecountry'
snationalsavinganditsdomesticrealinvestment.
C)equalsthecountry'
snetforeigninvestment.
D)alloftheabove
4.IfaniteminaninternationaltransactionresultsinaresidentofaforeigncountrygettingamonetaryclaimagainstaresidentoftheUnitedStates,thenintheU.S.balanceofpaymentsthatitemis:
a)acredititem(oraddition).
b)anofficialinternationalreserve.
c)adebititem(orsubtraction).
d)acredititemoradebititem,dependingonwhichforeigncountryisinvolved.
5.Importationofgoodsintoacountry,purchasesbyfirmsinacountryofservicesfromfirmsoutsidethecountry,andpurchasesbyinvestorsinacountryofequityinterestsinacorporationoutsideofthecountryareallexamplesof:
a)fundsflowingoutoftheimportingorpurchasingcountry.
b)fundsflowingintotheimportingorpurchasingcountry.
c)transactionsthatarenotincludedinnationalbalance-of-paymentsaccountingsincethetransactionsareprivate.
d)transactionsthatarenotincludedinnationalbalance-of-paymentsaccountinguntiltheyarecompletedbytheultimatesaleoftheitemsinvolved.
6.Balanceofpaymentsaccountingisbasedontheconceptthateverytransactionbetweenacountryandothercountriesoftheworldinvolves:
a)goodsorservices.
b)anexchangeofvalueforvalue.
c)profitsandlosses.
d)privateinterests.
7.Ifweaddupallofthevalueoutflowsandvalueinflowsinacountry'
sbalanceofpayments,thedifferenceintheoutflowsandinflowswillbe:
a)apositivevaluebecausecountriesgainfromtrading.
b)differentforeverycountrysincesomecountrieshaveadvantagesoverothercountries
c)zerobecausethereisvaluethatflowsoutandvaluethatflowsinforeverytransaction.
d)apositivevalueforthecountrysincenocountryisgoingtobeinvolvedinatransactionwheretheyreceivelessthantheygive.
8.Thethreebroadcategoriesthatmakeupacountry'
sbalanceofpaymentsare:
a)thecurrentaccount,thedebtaccount,andtheequityaccount.
b)thefinancialaccount,thegoodsandservicesaccount,andthecapitalaccount.
c)thecurrentaccount,thefinancialaccount,andthechangesinofficialinternationalreserves.
d)thefinancialaccount,thechangesinofficialinternationalreserves,andthecapitalaccount.
9.Acountry'
s____________________reflectsallofitsexportsandimportsofgoodsandservices,itsincomereceiptsandincomepayments,anditsgifts.
a)currentaccount
b)tradebalance
c)balanceofpayments
d)internationalreserve
10.Acountry'
sgoodsandservicesbalancemeasuresthecountry'
snetexportsandisoftencalledthecountry'
s:
a)financialaccount.
b)tradebalance.
c)internationalreserve.
d)balanceofpayments.
11.Acountry'
12.Theflowsofearningsonforeignassetsarereportedinacountry’scurrentaccount,whereastheprincipalamountsof(non-official)financialassetstradedbetweenacountry'
sresidentsandtherestoftheworldare:
a)notreported.
b)reportedinthecountry'
s(non-official)financialaccountbalance.
c)consideredtobepartofthecountry'
stransactionsinofficialreserveassets.
d)reportedonlywhentheassetsaresold.
13.____________________aremoney-likeassetsheldbyagovernmentthatarerecognizedbyothergovernmentsasfullyacceptableforpaymentsbetweengovernments.
a)Foreigndirectinvestments
b)Officialcurrencies
c)Officialinternationalreserves
d)Settlementbalances
14.Ifacountry'
snetforeigninvestmentispositive,thatcountry:
a)isactingasanetlendertotherestoftheworld.
b)isactingasanetborrowerfromtherestoftheworld.
c)importsmorethanitexports.
d)isincreasingitsholdingsofofficialinternationalreserveassets.
15.Ifacountryhas____________________,thatindicatesthatthecountry'
sforeignliabilitiesaregrowingfasterthanitsforeignassets.
a)anofficialsettlementssurplus
b)negativestatisticaldiscrepancy
c)acurrentaccountdeficit
d)afinancialaccountdeficit
16.Aneconomictransactionisrecordedinthebalanceofpaymentsasacreditifitleadsto
A.apaymenttoforeigners.
B.thereceiptofapaymentfromforeigners.
C.adecreaseinforeignexchangereserves.
D.neitheraninflownoranoutflowofvalue.
17.WhichofthefollowingisrecordedasadebititemintheU.S.balanceofpaymentsaccounts?
A.AnItalianfirmpays$5millionindividendstotheholdersofitsstockintheU.S.
B.TheFrenchClubMedhiresfourAmericanscubadivinginstructorsforitsnewresortontheItalianislandofSardinia.
C.ToyotabuildsafactoryintheU.S.tomanufactureautomobiles.
D.RemittancesfromCambodianimmigrantsintheU.S.flowtotheirrelativesinThailand’srefugeecenters.
18.Borrowingfromabroadisa
A.capitalimportandthereforeadebititem.
B.capitalexportandthereforeacredititem.
C.capitalimportandthereforeacredititem.
D.capitalexportandthereforeadebititem.
19.Ifacountry’snetforeigninvestmentamountsto–$15billion,thisimpliesanequivalent
A.currentaccountdeficit.
B.currentaccountsurplus.
C.tradebalancesurplus.
D.overallbalancedeficit.
II.TrueorFalse?
Explain.
1.T/FAnegativenetforeigninvestmentonthisyear’sbalanceofpaymentsaccountsmeansthecountryisanetdebtor.
2.T/FAnationrunningacurrentaccountsurplusisaccumulatingforeignassets.
3.T/FBecausethebalanceofpaymentsaccountsmustbalance,subaccountslikethefinancialaccountmustbalance,too.
4.T/FIfGDP,consumption,anddomesticinvestmentareallconstant,anincreaseingovernmentspendingwillcausethecountrytorunatradedeficit.
5.T/FThe“statisticaldiscrepancy”componentofthebalanceofpaymentsaccountsisarefugeforscoundrels.
QuestionsforChapter3
MultipleChoice
1.IfaBritishpoundequals1837SouthKoreanwon(thecurrencyofSouthKorea),whatistheBritishpoundequivalentofaSouthKoreanwon?
a.0.00054Britishpounds.b.0.54Britishpounds.
c.1.54Britishpounds.d.1.04Britishpounds.
2.WhenaresidentofGermanybuysaU.S.Treasurybond,therewillbea(n):
a.increaseinthedemandforU.S.dollars.b.increaseinthedemandforGermanmarks.
c.decreaseinthedemandforU.S.dollars.d.decreaseinthedemandforGermanmarks.
3.AnappreciationoftheU.S.dollarrefersto:
a.anincreaseinthedollarpriceofaforeigncurrency.
b.adecreaseinthedollarpriceofaforeigncurrency.
c.adecreaseintheamountoffinancialassetsheldbyU.S.interests.
d.thehighregardthatforeignershavefortheU.S.financialsystem.
4.IfoneU.S.dollarsequals5.76EgyptianpoundsandoneU.S.dollarequals0.56Britishpounds,howmanyEgyptianpoundsequalsoneBritishpound?
a.0.097Egyptianpounds.b.5.200Egyptianpounds.
c.10.29Egyptianpounds.d.3.226Egyptianpounds.
5.The____________________rateisthepriceofonecountry'
smoneyinunitsofanothercountry'
smoney.
a.forwardb.foreignswap
c.arbitraged.exchange
6.Ifpartiestoatransactionagreeontherateatwhichtwocurrencieswillbeexchangedataspecifictimeseveralmonthsthefuture,theyhaveagreedtoa(n):
a.reverseforwardswap.b.spotexchangerate.
c.forwardexchangerate.d.arbitragetransaction.
7.The____________________marketistheforeignexchangetradingthatisdonebybankswiththeircustomers.
a.retailpartoftheb.interbankforeignexchange
c.commercialexchanged.swap
8.Theinterbankpartoftheforeignexchangemarketinvolvesbankstradingwith____________________inforeignexchange
a.customersb.countries
c.otherbanksd.industrialfirms
9.Thecurrencythatismostoftenusedtoaccomplishtradingbetweentwoothercurrenciesisthe________________,whichisoftenreferredtoasavehiclecurrency.
a.eurob.Britishpound
c.U.S.dollard.Japaneseyen
10.IntheEuropeanUnion,the____________________setaprocessthathasresultedintheadoptionoftheeuroasthecurrencyofmorethanhalfoftheEUcountries.
a.TreatyofRomeb.MaastrichtTreaty
c.EuropeanCouncild.EuropeanParliament
11.Sincemostexporterswanttobepaidinthecurrencyoftheirhomecountry,exportsofgoodsgenerallycause:
a.foreigncurrencytobesoldtobuythecurrencyofthecountrythatexportsthegoods.
b.U.S.dollarstobeboughttoincreasethesupplyofforeigncurrencyintheimportingcountry.
c.foreigncurrencytobeborrowedtouseinpayingfortheexports.
d.U.S.dollarstobeusedtopayfortheexports.
12.WhentheU.S.importsgoods,thoseimportscreatea(n):
a.supplyofaforeigncurrencyandademandforU.S.dollars.
b.demandforforeigncurrenciesandasupplyofU.S.dollars.
c.equilibriumi
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