国际金融英文版习题chapter

1、国际金融英文版习题chapter国际金融英文版习题chapter3/3国际金融英文版习题chapter1InternationalFinanceAssignmentProblems(2)Name:StudentNo.:I.Choosethecorrectanswerforthefollowingquestions(onlyONEcorrectanswer)(5creditsforeachquestion,totalcredits4x15=60)1.Accordingtotheprincipleofthebalancedbalanceofpayments,ifacountryreducesits

2、foreignexchangereservesby$20millionandthestatisticaldiscrepancyisinthecreditentryof$5millioninagivenperiodoftime,thecountryruns_ofitsbalanceofpaymentsduringthatperiodoftime.A.$15milliondeficitsIfacountrysdomesticsavingisgreaterthandomesticinvestment,thecountryprobablyhas_.acurrentaccountsurplusanetc

3、apitaloutflowacurrentaccountdeficitBothAandBarepossible.Adebitentryinthebalance-of-paymentsaccountrepresentsatransactionthat_.adomesticresidentreceivesapaymentfromabroadadomesticresidentmakesapaymenttoaforeignresidentwillimprovethecurrentaccountstatusD.willhavenoaffectsonthenationsforeignexchangeres

4、erves4.Intermsofbalance-of-paymentsaccount,whichofthefollowingwouldberecordedasadebitentryintheU.S.BOP?A.exportsofmerchandiseB.exportsofservicesC.purchaseoftheU.S.Treasurybondsbynon-residentsD.anincreaseofthedepositinaU.S.residentsaccountataforeignbankAbalance-of-paymentsdeficitisdefinedasasituation

5、inwhich_.thevalueofpaymentsmadetotheforeignersexceedsthevalueofreceiptsreceivedfromtheforeignersinagivenperiodoftimethegovernmentmustborrowinordertomeetitsbudgetobligationsC.thevalueofmanufacturedgoodexportsislessthanthevalueofimportedgoodsD.anationearnsmuchinextraassetsorreducedliabilitiesinitsdeal

6、ingswiththerestoftheworldWhichofthefollowingwouldNOTbeconsideredasatypicalBOPtransaction?A.ToyotaUSAisaUSdistributorofautomobilesmanufacturedinJapanbyitsparentcompany.B.AU.S.subsidiaryofEuropeanfinancialgiant,CreditSuisse,paysdividendstoitsparentinZurich.C.AUStouristpurchasesgiftsatamuseuminLondon.D

7、.AllareexampleofBOPtransactions.Thebalanceofpaymentsisastatisticalrecordwhichmeasuresthetotalvalueof_.acountrysforeignexchangereservesinacertainperiodoftimeacountrysforeigntradesbetweentheresidentsofacountryanditsnon-residentsforagivenperiodoftimeC.alleconomicandfinancialtransactionsbetweenthereside

8、ntsofacountryanditsnon-residentsforagivenperiodoftimeD.acountryscapitalinflowsandoutflowsataparticulardateinagivenyear8.ABritishpensionfundsellssomeofitsholdingsofthestocksofU.S.companiesinordertobuyU.S.corporatebonds.Thistransactionwillaffect_.A.theU.S.internationalinvestmentpositionB.theBritishint

9、ernationalinvestmentpositionC.bothcountriesinternationalinvestmentpositionD.Noneoftheabove.Thisisbecausebothcountriesinternationalinvestmentpositionunchanged,onlythecompositionofforeigninvestmentsinbothU.S.andU.K.changes.9.WhichofthefollowingtransactionsisincludedinChinasbalance-of-paymentsaccount?A

10、.AU.S.embassyinBeijingpayssalariestoitsAmericanstaffs.B.TheWorldBankfurnishestheChinesegovernmentwithaloan.C.AU.S.studentpaystuitionfeesforhis4year-studyinBeijingUniversity.D.TheChineseembassyinWashingtonbuystelecommunicationequipmentsfromaChinesecompanyinShanghai.IftheU.S.runscurrentaccountdeficits

11、,wecanexpectthat_.itmayactasanetdebtorintherestoftheworlditsdomesticsavingmaylessthanitsdomesticinvestmentitsdomesticproductionislessthanitsdomesticconsumptionalloftheaboveThetradedeficitmeansthat_.residentsareimportingmoregoodsthantheyareexportingWhichofthefollowingisanexampleofanexchangeoffinancia

12、lassets?theexchangeofbutterforwheattheexchangeofinformationtechnologytheexchangeofafixed-rateloanforafloating-rateloantheexchangeofgoldforjewelry13.Formostcountries,thesubcategorythattypicallydominatesthecurrentaccountis_.A.unilateraltransfersB.goodstradeC.incometradeD.servicestrade14.Whencategorizi

13、nginvestmentsforthefinancialaccountcomponentofthebalanceofpaymentsthe_isaninvestmentwheretheinvestorhasnoincentivetocontrolwhereasthe_isaninvestmentwheretheinvestorwantstocontrolovertheassets.A.directinvestment,portfolioinvestmentB.directinvestment,indirectinvestmentC.portfolioinvestment,indirectinv

14、estmentD.portfolioinvestment,directinvestment15.Ifacountrysmerchandiseexportsexceeditsimportsby$50million,servicestradebalanceisnet$30millionandunilateraltransfersmadeinexcessofthosereceivedby$5million,whatisthecountryscurrentaccountbalance?A.$85millionB.$75millionC.$15millionD.$25millionCountryAsBO

15、Tis_.CountryAscurrentaccountbalanceis_.SupposethechangesincountryAsofficialreservesarezeroin2010,itscapitalandfinancialaccountbalanceMUSTbe_.4.IfcountryAsofficialreservesarerecordedonthecreditsideby$10millionin2010,itscapitalandfinancialaccountbalanceshouldbe_.Basedontheassumptionofquestion4,country

16、AhasBOPdeficitorsurplusin2010?Explain.Whatisthecurrentaccountbalanceofanationwithagovernmentbudgetdeficitof$128billion,privatesavingof$806billion,anddomesticcapitalformationof$777billion?III.ExpressthefollowingoperationsintheDutchbalanceofpaymentsinT-accounts:(5creditsforeachquestion,totalcredits3x5

17、=15)a.ADutchcompanyexports?100,000goodstoaLondoncompanyfor?100,000inbankdeposits.b.Animportbilledfor?150,000paidwithacheckdrawnonaLondonbank.c.ADutchcompanybasedinRotterdamuses?1millionthatitwasholdinginashort-termdepositwithitsRotterdambanktopurchase10-yearbondsissuedbyGermangovernment.IV.Trueorfalse:(7credits)Acreditentryinthebalanceofpaymentsrepresentsademandforlocalcurrencywhereasadebitentryrepresentsasupplyoflocalcurrency.YouMUSTexplainyouranswer.Part