国际金融中英文版(带解析)

1、国际金融中英文版Chapter 2:Payme nts among Nati onsSin gle-Choice Questi ons1. A country balanee of payments records:一个国家的国际收支 平衡记录了Ba. The value of all exports of goods and services from that country for a period of time.b. All flows of value between thatcountry residents and residentsof therest of the worl

2、d during a period of time.在一定时间段里,一个国家居民的资产和其它世界居民资产的流动c. All flows of financial assets that cross that country borders duringa period of time.d. All flows of goods into that country during a period of time.2.2. A credit item in the balanee of payments is:在国际收支平衡里的贷项是Aa. An item for which the countr

3、y must be paid.一个国家必须收取的条款b. An item for which the country must pay.c. Any imported item.d. An item that creates a monetary claim owed to a foreigner.3. Every intern ati onal excha nge of value is en tered in to the bala nce-of-payme ntsaccou nts time(s).每一次国际等价交换都记进国际收支帐户2次B |a. 1b. 2c. 3d. 44. A d

4、ebit item in the balanee of payments is:在国际收支平衡中的借项是Ba. An item for which the country must be paid.b. An item for which the country must pay.一个国家必须支付的条款c. Any exported item.d. An item that creates a monetary claim on a foreigner.5. In a nations balanee of payments, which one of the following items i

5、s always recorded as a positive entry? D| 在国际收支中, 下列哪个项目总被视为有利条项a. Changes 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.国外游客在本国发生的购买6. The sum of all of the debit items in the b

6、alanee of payments:在收支平衡中所有贷项的总和B |a. Equals the overall balanee.b. Equals the sum of all credit items.等于所有借项的总和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.bala nee of

7、 payme nts?下列哪个资本交易在美国的收支平衡中当作借项？ B |a. A U.S. reside nt tran sfers $100 from his acco unt at Credit Suisse in Basel(Switzerland)to his account at a SanFrancisco branch of Wells Fargo Bank.b. A French reside nt tran sfers $100 from his acco unt at Wells Fargo Bank inSan Fran cisco to his Credit Suis

8、se acco unt in Basel.一个法国居民在旧金山的Fargo Bank用其帐户转帐10 0美金到位于巴塞尔的瑞士信贷户口c. A U.S. reside nt sells his IBM stock to a French reside nt.d. A U.S. reside nt sells his Credit Suisse stock to a French reside nt.8. Anin crease in a n ati ons finan cial liabilities to foreig n reside nts is a: 个国家对另一个国家金融负债的增加是

9、一种Ca. Reserve in flow.b. Reserve outflow.c. Cap ital in flow.资本流入d. Capital outflow.9. Aare mon ey-like assets that are held by gover nments and that arerecog ni zed by gover nments as fully acceptable for payme nts betwee n them.方国际储备资产是一种类似于钱的资产，这种资产由政府掌握并作为政府间的一种支付 手段得到充分认可a. Official internation

10、al reserve assets官方国际储备资产b. Unofficial international reserve assetsc. Official domestic reserve assetsd. Unofficial domestic reserve assetsll.Which of the followi ng is con sidered a capitalin flow ? 下列哪项 被视为资本流入 A |a. A sale of U.S. financial assets to a foreign buyer.美国一金融资产卖给一外国买家b. A loan from a

11、 U.S. bank to a foreign borrower.c. A purchase of foreign financial assets by a U.S. buyer.d. A U.S. citizen repayment of a loan from a foreign bank.12n a country bala nee of payme nts, which of the followi ng tran sacti ons aredebits ?一个国家的收支平衡表中，哪个交易属于借项？ A |a. Domestic bank balances owned by fore

12、igners are decreased.夕卜国人拥有的国内银行资产的下降b. Foreign bank balances owned by domestic residents are decreased.c. Assets owned by domestic reside nts are sold to non reside nts.d. Securities are sold by domestic reside nts to non reside nts.13. The role of Dis to direct one nation savings into another nati

13、on in vestme nts:资金流的作用是指导一个国家的储蓄进入到另一个国家的投资a. Merchandise trade flowsb. Services flowsc. Current account flowsd. Capital flows 资金流14. The net value of flows of goods, services, in come, and un ilateraltran sfers iscalled the:商品,服务，收入和单方面转让等现金流的净收益叫经常账目（户）|ba. Capital account.b. Current account. 经常账

14、目（户）c. Trade balanee.d. Official reserve balanee.15. The net value of flows of financial assets and similar claims (excluding official intern atio nal reserve asset flows) is called the:金融资产和类似的资产(官方国际储备资产流除外)的 净值流叫Aa. Financial account.金融帐b. Current account.c. Trade balanee.d. Official reserve bala

15、nee.15.The finan cial acco unt in the U.S. bala nee of payme nts in cludes:美国国家收支表中的金融帐包括：B |a. Everything in the current account.b. U.S. government payments to other countries for the use of military bases. 美政府采用其它国家军事基地所需支付款项c. Profits that Nissan of America sends back to Japan.d. New U.S. investm

16、ents in foreign countries.16. A U.S. reside nt in creas ing her hold ings of a foreig n finan cial asset causes a: 一个美国居民增持一外国金融资产会引起Da. 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 account.美国资本帐的借帐17. A fo

17、reig n reside nt in creas ingher hold ings of a U.S. finan cialasset causes a:一个美国居民增持本国一金融资产会引起C |a. Credit in the U.S. current account.b. Debit in the U.S. current account.c. Credit in the U.S. capital account.美国资本帐的贷帐d. Debit in the U.S. capital account.18. A deficit in the curre nt accou nt:经常帐户

18、中的赤字Aa. Tends to cause a surplus in the financial account.会导致金融帐中的盈余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.19n September, 2005, exports of goods from the U.S. decreased $3.3 bi

19、llion to$73.4 billio n, and imports of goods in creased $3.8 billio n to $144.5 billio n.This in creased the deficit in :2005年 8 月，美国商品出口降低了 33 亿美元，共 734亿美元；商品进口上升到1145亿美元,上长了 38亿.这样增加了哪个方面的赤字？|Ca. The balanee of payments.b. The financial account.c. The current account.经常帐户d. Uni lateral tran sfers.

20、20. Which of the followi ngwould con tributeto a U.S. curre nt acco unt surplus? 以下哪项有助于美国现金帐的盈余？Ba. The United States makes a unilateral tariffreduction on imported goods.b. The United States cuts back on American military personnel stationed inJapan.美国削减在日本的军事人员c. U.S. tourists travel in large num

21、bers to Asia.d. Russian vodka becomes increasingly popular in the United States.21. Which of the followi ng tran sacti ons is recorded in the finan cial acco unt?以下哪个交易会被当作金融帐Aa. Ford motor company builds a new plant in China福特摩托公司在中国设立车间b. A Chin ese bus in essma n imports Ford automobiles from the

22、 Un ited States.c. A U.S. tourist spends money on a trip to China.d. The New York Yankees are paid $10 million by the Chinese to play an exhibition game in Beijing, China.22f a Britishbus in ess buys U.S. gover nment securities,how will this be en teredin the balanee of payments?如果一英国商人购买了美国政府的债券，那么

23、这个交易在收支平衡表中会被当作是？C |a. It will appear in thetrade account as an import.b. It will appear in thetrade account as an export.c. It will appear inthe finan cial acco unt as anin creaseinU.S.assetsheldby foreig ners.会被当作是外国人所有的美国资产增长d. It will appear inthe financial account asadecreaseinU.S.assetsheldby

24、foreig ners.23n the balanee of payments, the statistical discrepancy or error term is usedto:在收支平衡表中，统计差异与错误项目会用来确保借帐总和跟贷帐总和一致Aa. Ensure that the sum of all debits matches the sum of all credits.b. Ensure that imports equal the value of exports.c. Obtain an accurate account of a balance-of-payments

25、deficit.d. Obtain an accurate account of a balance-of-payments surplus.24.0fficial reserve assets are:官方储备资产是 Ba. The gold holdings in the nation central bank.b. Money like assets that are held by governments and that are recognizedby gover nments as fully acceptable for payme nts betwee n them.官方国际

26、储备资产是一种类似于钱的资产，这种资产由政府掌握并作为政府间的一种支付 手段得到充分认可c. Government T-bills and T-bonds.d. Government holdings of SDR 25. Which of the follow ing con stitutes the largest comp onent of the worldin ternatio nal reserve assets?下列哪项构成了世界国际储备资产的大部份？Da. Gold.b. Special Drawing Rights.c. IMF Reserve Positions.d. Fo

27、reign Currencies.夕卜汇（币）26. The net accumulati on of foreig n assets mi nus foreig n liabilities is:海外净资产的积累减去外债等于Ca. Net official reserves.b. Net domestic investment.c. Net foreign investment.国外投资净值d. Net foreign deficit.27. A country experie ncing a curre nt acco unt surplus:一个国家经历经常帐户的盈a. Needs to

28、 borrow intern ati on ally.b. Is able to lend internationally.就有能力向外放贷c. Must also have had a surplus in its overall balanee.d. Spent more than it earned on its merchandise and service trade, intern ati onalin come payme nts and receipts and intern ati onaltran sfers.28. The_C easures the sum of the

29、 current account balanee plus the privatecapital acco unt bala nee.官方结算差额是指经常帐户余额的总和加上私人资本帐（B=CA+FA,FA为非官方投资和储备）a. Official capital balaneeb. Unofficial capital balancec. Official settlements balance官方结算差额d. Unofficial settlements balance29f the overall balance is in A, there is an accumulation of o

30、fficialreserve assets by the country or a decrease in foreign official reserve holdings of the coun trys assets.如果综合差额处于盈余，那么会出现本国官方储备资产的积累或者国外官方储备的减少（B=CA+FA,B+OR=0OR官方储备金额）a. Surplus 盈余b. Deficitc. Balanced. Foreign hands30. Which of the followi ng is the curre nt acco unt bala nce NOT equal to?以下

31、哪项不等同于现金帐D |a. The difference between domestic product and domestic expenditure.b. The difference between national saving and domestic investment.c. Net foreign investment.d. The difference between government saving and government investment.政府储蓄与政府投资的差值True/False Questi ons资金流入是31. Capital in flows

32、 are debits and capital outflows are credits. 借项，资金外流是贷项32. The net value of the flow of goods, services, in come, and gifts is the curre ntaccount balance. （T）商品，服务，收入和单方面转让等现金流的净收益叫经常账目余额33. The net flow of financial assets and similar claims is the private current account balanee.金融资产和类似的资产的净值叫 经

33、常帐目余额34. The majority of countries official reserves assets are now foreign exchange assets, financial assets denominated in a foreign currency that is readily acceptable in in ternatio nal tran sactio ns. (T)大部份官方储备资产作为以外汇资产和金融资产为命名的外币在世界上交易与流通.35. A coun trys finan cial acco unt bala nee equals th

34、e coun trys net foreig nin vestme nt. 个国家的金融帐差额相当于一个国家的净国外投资36. A country has a current account deficit if it is saving more than it is investing domestically.一个国家如果在国内的储蓄比投资要大，那么会出现经常账目赤字37. The officialsettlements balanee measures the sumof the capital account balaneeplus the public curre nt accou

35、nt bala nee.官方结算差额是资金帐户余额的总额加上公共经常帐户余额38. A nations international investment position shows its stock of international assets and liabilities at a mome nt in time. (T)一个国家的国际投资状况反映出它在特定时间里的国际资产股份以及债务情况.39. A nation is a borrower if its current account is in deficitduring a time period.(T)在一段时间内，如果一个

36、国家的经常帐出现赤字，那么它就是借方.40. A n ati on is a debtor if its net stock of foreig n assets is positive.女口果一个国家的国外资产净储备是正数，那么它是借方(债务方)41. A tran sact ion leadi ng to a foreig n reside nt in creas ing her hold ings of a U.S. financial asset will be recorded as a debit on the U.S. financial account.如果一项交易引起一外国居

37、民增持美国金融资产的股份，那么这项交易在美国金融帐中 会被当作借项贷项是指一个国家必须42. A credit item is an item for which a country must pay. 还款的条项43. Gold is a major reserve asset that is currently often used in official reservetransactions.黄金作为主要的储备资产,常被用在官方储备交易当中.44. The current account balanee is equal to the differeneebetween domesti

38、c productand national expenditure.(T) 经常项目余额等于国民生产与国民支出的差额45n 2007 U.S. households, bus in esses and gover nment were buying more goods and services than they were producing.(T) 2 0 0 7年，美国家庭，商业，政府购买的商品 和服务比他们生产(商品和服务)的要多.46。你是提供以下信息，一个国家的国际交易，在一个特定年份：Service exports$346Service imports$354Mercha ndi

39、se exports$480Mercha ndise imports$348In come flows, net$153Uni lateral tran sfers, net$142In crease in the coun tryflhold ing of foreig n assets, net(exclud ing official reserves assets)$352In crease in foreig n holdi ngs of the coun try抯 assets, net(exclud ing official reserve assets)$252Statistic

40、al discrepa ncy, net$154CA余额：$346-354+480-348+153+142=$419;官方结算余额：$346-354+480-348+153+142+252-352+154=$473 ;Change in official reserve assets (n et)=官方结算余额=$473.in creas ing the hold ing of official reserve assets.Chapter 3:The Foreig n Excha nge MarketSin gle-Choice Questi ons1.Foreig n excha nge

41、is: D | 夕卜汇交易是a. The act of trading different nations monies.不用国家货币的交易b. The holdings of foreign currency.对不同货币的持有c. The act of importing foreign goods and services.d. Both (a) and (b) are correct.2.If the price of British pounds in terms of U.S. dollars is $1.80 per pound,the n the price of U.S. do

42、llars in terms of British pounds is:B| 女口果英磅对美元的汇率是1比1 . 8,那么美元对英磅的汇率是1比0. 5 5 5a. 1.80 per dollar.b. 0.555 per dollar.c. 0.90 per dollar.d. 3.60 per dollar.3.Suppose the excha nge rate betwee n the Japa nese yen and the U.S. dollar is100 yen per dollar.A Japanese stereo with a price of 60,000 yen w

43、ill cost:B |假设日元对美元的汇率是10 0比1,那么一台日元为6 0 0 0 0的音响要花多少美元a. $1,667b. $600c. $6,000d. $1004.Suppose that a Korea n televisi on set that costs 600 won in Korea costs $400 in the Un ited States. These prices suggest that the excha nge rate betwee n the won and the dollar is:A|a. 1.5 won per dollar呢题太简单，不

44、屑翻译自己睇b. 0.75 won per dollarc. $1.50 per wond. $3 per won5. The D exchange rate is the price for immediate ” currency exchange. 即时汇率是指外汇的即时价格a. Currentb. Forwardc. Futured. Spot6.exchange rate is the price set now for an exchange that willtake place sometime in the future.远期汇率是指由协议双方预订的将来会发生的汇率a. Cu

45、rrentb. Forwardc. Future spotd. Spot7. The foreign exchange market is:C|外汇市场是指a.A single gathering place where traders shout buy and sell orders ateachother.b.Located in New York.c.A group ing, by electro nic means.of banks and traders who work at banksthat con duct foreig n excha ngetrades.银行和交易者以电

46、子方式集聚于起进行外汇的买卖d.Located in London.8. Dforeign exchange trading invoIves currency exchanges donebetween in dividuals and ban ks.小额外汇交易（散户外汇交易）包含私人与银行间的外汇交易a. Interbankb. Consumerc. Intra-bankd. Retail9. The U.S. dollar is called a A H because it is often used as anin termediary to accomplish tradi ng

47、 betwee n two other curre ncies.美元被称为周转货币，因为经常被用来完成其它两种货币的交易a. Vehicle currency周转货币（交易通货）b. Main currencyc. Common currencyd. Primary currencylO.Suppose that the excha nge value of the British pound is $2 per pound while the excha nge value of the Swiss franc is 50 cents per franc. From this we can

48、con clude that the excha nge rate betwee n the pound and the franc is:D 计算题,到时出中文题自己计啦 唔翻啦a. 1 franc per poundb. 2 francs per poundc. 3 francs per poundd. 4 francs per pound10. Which of the following is NOT a function of the interbank operations of the foreign exchange market? D 下列哪一个不是外汇交易市场中银行间操作方

49、式的一 种？a. Provides a bank with a continuous stream of information on conditions in the foreig n excha nge market.b. Provides a bank the meansto readjust its own position quickly and at low cost.c. Permits a bank to take on a position in a foreign currency quickly.d. Provides a bank with tech no logic

50、alresources for use in foreig n excha ngetrading.提供技术资源给一间银行,用来进行外汇交易11. Under the managedfloat system of exchange rates, a fall in the market price of a currency is called:B | 在管理浮动汇率制度下,一种货币价格的下降被称为a. Devaluation.b. Depreciation.贬值c. Appreciation.d. Both (a) and (b).13.ln terba nk trad ing is con

51、ducted directly betwee nA_ or through theuse ofthat provide anony mity un til the trade is complete andreduce search costs.银行间的交易是在交易者之间进行的或者通过经纪人提供操作直到交易结束.a. Traders; brokersb. Brokers; tradersc. In dividual con sumers; the gover nmentd. In dividual con sumers; brokers14. A country dema nd for for

52、eig n curre ncy is derived from:A| 一个国家对外汇的需求来自于（表示外国货币需求增加，本国货币流出）a. International transactions entering the debit column of its balanee ofpayme nts accou nts.国际交易进入到其收款帐户的借方栏里b. Internationaltransactions entering the surplus column of its balanee ofpayme nts acco un ts.c. The country dema ndfor cu

53、rre ncy to finance exports and capital in flows.will create a_Boreign currency美国商品与服务的出口会创造出外汇的供给以d. The country demandfor currency to finance its government compensating tran sacti ons15. U.S. exports of goods and services and aU.S. dollars.及美a. Dema nd for; supply ofb. Supply of; dema nd forc. Sho

54、rtage of; dema nd ford. Supply of; shortage of16. U.S. imports of goods and services and aU.S. dollars.求以及美元的供给will create a A foreign curre ncy美国商品与服务的进口会创造出外汇的需a. Dema nd for; supply ofb. Supply of; dema nd forc. Shortage of; dema nd ford. Supply of; shortage of17. U.S. capital in flows will creat

55、e aBforeig n curre ncy and aU.S. dollars.美国资本流入会创造出外汇的供给和美元的需求a. Dema nd for; supply ofb. Supply of; dema nd forc. Shortage of; dema nd ford. Supply of; shortage of18.ln aC_excha nge rate system there is no in terve nti on by thegovernment or central bankers.浮动汇率制度里, 政府与中央银行不得进行干涉a.Fixedb.Peggedc.Fl

56、oati ngd.Man aged float19. As the value of the yen falls relative to the U.S. dollar:C| 如果日元对美元的汇率下降了，那么对日元的需求会上升a. Japanese goods become more expensive to U.S. consumers.b. The supply of dollars will fall.c. The dema nd for yen will rise.d. U.S. goods become less expensive to Japanese consumers.2O.The demandcurve for foreign currency slopes downwardbecause as the exchange rate Athe qua ntity dema nded.外汇的需求曲线会下降是因为随着汇率的上升，需求量就下降a. In creases;