国际金融中英文版答案)

1、精品国际金融中英文版Chapter 2:Payments among NationsSingle-Choice Questions1. A countrys balance 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 that countrys residents andresidents of the rest of the wor

2、ld during a period oftime.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 countrysborders 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:在国际收支平衡里的贷项是A感谢下载载精品a. An item for which the

3、country 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 international exchange of value is entered into thebalance-of-payments accounts _ time(s).每一次国际等价交换都记进国际收支帐户次Ba. 1b. 2c. 3d. 44. A debi

4、t item in the balance 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.感谢下载载精品d. An item that creates a monetary claim on a foreigner.5. In a nations balance of payments, which one of the following ite

5、ms is 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 ofall of the debit items in th

6、e balance ofpayments:在收支平衡中 ,所有贷项的总和Ba. Equals the overall balance.b. Equals the sum of all credit items.等于所有借项的总和c. Equals compensatingtransactions.d. Equals the sum of credit items minus errors and omissions.感谢下载载精品7. Which of the following capital transactions are entered asdebits in the U.S. bal

7、ance of payments?下列哪个资本交易在美国的收支平衡中当作借项？Ba. A U.S. resident transfers $100 from his account at Credit Suisse in Basel (Switzerland) to his account at a San Francisco branch of Wells Fargo Bank.b. A French resident transfers $100 from his account atWells Fargo Bank in San Francisco to his Credit Suiss

8、eaccount in Basel.一个法国居民在旧金山的Fargo Bank用其帐户转帐美金到位于巴塞尔的瑞士信贷户口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 French resident.8. An increase in a nations financial liabilities to foreignresidents is a: 一个国家对另一个国家金融负债的增加是一种Ca. Reserve in

9、flow.b. Reserve outflow.c. Capital inflow. 资本流入d. Capital outflow.感谢下载载精品9. _A_ are money-like assets that are held bygovernments and that are recognized by governments asfully acceptable for payments between them.官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 international reserve asse

10、ts官方国际储备资产b. Unofficial international reserve assetsc. Official domestic reserve assetsd. Unofficial domestic reserve assets10.Which of the following is considered a capitalinflow ?下列哪项被视为资本流入Aa. 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 U.S. bank to a foreign

11、 borrower.c. A purchase of foreign financial assets by a U.S. buyer.d. A U.S. citizen s repayment of a loan from a foreign bank.感谢下载载精品11. In a country s balance of payments, which of thefollowing transactions aredebits ?一个国家的收支平衡表中,哪个交易属于借项？Aa. Domestic bank balances owned by foreigners are decreas

12、ed. 外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 residents are sold to nonresidents.d. Securities are sold by domestic residents to nonresidents.12.The role of _D_ is to direct one nations savingsinto another nations investments:资金流的作用

13、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资金流感谢下载载精品13. The net value of flows of goods, services, income, andunilateral transfers is called 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. 经常账目（户）c. Trade balan

14、ce.d. Official reserve balance.14. The net value of flows of financial assets and similar claims (excluding official international 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 balance.d. Official reserve balance.15. The financ

15、ial account in the U.S. balance of paymentsincludes:美国国家收支表中的金融帐包括：Ba. Everything in the current account.感谢下载载精品b. U.S. government payments to other countries for theuse 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. investments in foreign cou

16、ntries.16. U.S. resident increasing her holdings of a foreignfinancial 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 foreign resident increasing he

17、r holdings of a U.S.financial asset causes a:一个美国居民增持本国一金融资产会引起Ca. 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.感谢下载载精品18.A deficit in the current account:经常帐户中的赤字Aa. Tends to cause a surp

18、lus 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.19. In September, 2005, exports of goods from the U.S.decreased $3.3 billion to $73.4 billion, and

19、 imports of goods increased $3.8 billion to $144.5 billion. Thisincreased 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 balance of payments.b. The financial account.c. The current account.经常帐户d. Unilateral transfers.感谢下载载精品20. Which of the followin

20、g would contribute to a U.S.current account surplus?以下哪项有助于美国现金帐的盈余？Ba. The United States makes a unilateral tariff reduction on imported goods.b. The United States cuts back on American militarypersonnel stationed in Japan.美国削减在日本的军事人员c. U.S. tourists travel in large numbers to Asia.d. Russian vodk

21、a becomes increasingly popular in the United States.21. Which of the following transactions is recorded in thefinancial account?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 Chinese businessman imports Ford automobiles from the United States.c. A U.S. tourist spend

22、s 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.感谢下载载精品22. If a British business buys U.S. government securities,how will this be entered in the balance of payments?如果一英国商人购买了美国政府的债券,那么这个交易在收支平衡表中会被当作是？Ca. It will ap

23、pear in the trade account as an import.b. It will appear in the trade account as an export.c. It will appear in the financial account as an increase inU.S. assets held by foreigners.会被当作是外国人所有的美国资产增长d. It will appear in the financial account as a decrease in U.S. assets held by foreigners.23. In the

24、 balance of payments, the statistical discrepancyor error term is used to: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 deficit.感谢下载载精品d. O

25、btain an accurate account of a balance-of-payments surplus.24.Official reserve assets are:官方储备资产是Ba. The gold holdings in the nations central bank.b. Money like assets that are held by governments and that are recognized by governments as fullyacceptable for payments between them.官方国际储备资产是一种类似于钱的资产，

26、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 SDRs25. Which of the following constitutes the largestcomponent of the worlds international 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. Foreign Currencies.外汇（

27、币）感谢下载载精品26. The net accumulation of foreign assets minus foreignliabilities 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 experiencing a current account surplus:一个国家经历经常帐户的盈余Ba. Needs to borrow international

28、ly.b. Is able to lend internationally.就有能力向外放贷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 _C_ measures the sum of the current account balance p

29、lus the private capital account balance.感谢下载载精品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 balanceb. Unofficial capital balancec. Official settlements balance官方结算差额d. Unofficial settlements balance29. If the overall balance is in _A_, there is an accumulation of official rese

30、rve assets by the country or a decrease in foreign official reserve holdings of thecountrys 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=0 ，OR:官方储备金额）a. Surplus盈余b. Deficitc. Balanced. Foreign hands30. Which of the following is the current account balanceNOT equal to?以下哪项不等同于现金帐D感谢下

31、载载精品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 andgovernment investment.政府储蓄与政府投资的差值True/False Questions31. Capital inflows are debits and

32、capital outflows arecredits.资金流入是借项，资金外流是贷项32. The net value of the flow of goods, services, income,and gifts is the current account 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感谢下载载精品33. The net flow of financial assets and similar claims is theprivate current account balance.金融资产和类似的资产的净值叫经常帐目余额34.

33、The majority of countries official reserves assets are now foreign exchange assets, financial assets denominated in a foreign currency that is readily acceptable ininternational transactions. (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 countrys financial account balance equals thecountrys net fore

34、ign investment.一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感谢下载载精品37. The official settlements balance measures the sum ofthe capital account balance plus the public current accountbalance.官方结算

35、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 moment 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 deficit during a time period. (T)在一段时间内 ,如果一个国家的经常帐出现赤字,那

36、么它就是借方.40. A nation is a debtor if its net stock of foreign assets ispositive.如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）感谢下载载精品41. A transaction leading to a foreign resident increasing her holdings of a U.S. financial asset will be recorded as adebit on the U.S. financial account.如果一项交易引起一外国居民增持美国金融资产的股份,那么这项交易

37、在美国金融帐中会被当作借项42.A credit item is an item for which a country must pay.贷项是指一个国家必须还款的条项43. Gold is a major reserve asset that is currently often usedin official reserve transactions.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 balance is equal to the difference between domestic product and nationa

38、l expenditure.(T)经常项目余额等于国民生产与国民支出的差额45. In 2007 U.S. households, businesses and government were buying more goods and services than they were感谢下载载精品producing.(T)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$354Merchandise exports$480Merch

39、andise imports$348Income flows, net$153Unilateral transfers, net$142Increase in the country抯holding of foreign assets, net(excluding official reserves assets)$352Increase in foreign holdings of the country抯assets, net(excluding official reserve assets)$252Statistical discrepancy, net$154CA余额:$346-35

40、4+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 (net) =官方结算余额=$473. increasing the holding of official reserve assets.Chapter 3:The Foreign Exchange Market感谢下载载精品Single-Choice Questions1. Foreign exchange is:D外汇交易是a. The act of trading diffe

41、rent nationsmonies.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, then the price of U.S. dollars in terms ofBritish pounds is:B如果英磅对美

42、元的汇率是比. ,那么美元对英磅的汇率是比.a. 1.80 per dollar.b. 0.555 per dollar.c. 0.90 per dollar.d. 3.60 per dollar.感谢下载载精品3. Suppose the exchange rate between the Japanese yen and the U.S. dollar is 100 yen per dollar. A Japanesestereo with a price of 60,000 yen will cost:B假设日元对美元的汇率是比,那么一台日元为的音响要花多少美元a. $1,667b. $

43、600c. $6,000d. $1004. Suppose that a Korean television set that costs 600 won in Korea costs $400 in the United States. These prices suggest that the exchange rate between the won and the dollar is:Aa. 1.5 won per dollar呢题太简单 ,不屑翻译 自己睇b. 0.75 won per dollarc. $1.50 per wond. $3 per won感谢下载载精品5. The

44、_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. The _B_ exchange rate is the price set now for anexchange that will take 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. Currentb. Forwardc. Future spotd. Spot7. The foreign exc

45、hange market is:C外汇市场是指a. A single gathering place where traders shout buy and sell orders at each other.b. Located in New York.感谢下载载精品c. A grouping, by electronic means, of banks and traders who work at banks that conduct foreign exchange trades. 银行和交易者以电子方式集聚于一起进行外汇的买卖d. Located in London.8. _D_ f

46、oreign exchange trading involves currencyexchanges done between individuals and banks.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_ because it is often used as an intermediary to accomplish trading betweentwo other currencies. 美元被称为周转货币 ,因

47、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 currency感谢下载载精品d. Primary currency10. Suppose that the exchange value of the British pound is $2 per pound while the exchange value of the Swiss francis 50 cents per franc. From this we can conclude thattheexchange rate between 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 pound11. Which of the following is NOT a function of the interbank operations of the foreign exchange market? D