国际金融学智慧树知到课后章节答案2023年下外交学院

国际金融学智慧树知到课后章节答案2023年下外交学院外交学院

第一章测试

Currencycrashesarefairlycommoneventsinhistory.（）

A:对B:错

答案:对

Theworldasawholeisaclosedeconomy.（）

A:对B:错

答案:对

“Animalspirits”mean________forcesinfinancialmarkets.()

A:exorbitant

B:Natural

C:Irrational

D:rational

答案:Irrational

Fromaglobalperspective,thosecountriesrunningsurpluses_______moneytothosecountriesrunningdeficits.()

A:borrow

B:Save

C:make

D:lend

答案:lend

There’resuchfactorsthatbroughtaboutglobalizationas_________（）。

A:lowertransportationcosts

B:Specialization

C:telecommunicationtechnologyadvancement

D:therelaxationofbankandcapitalmarketregulation

答案:lowertransportationcosts

;telecommunicationtechnologyadvancement

;therelaxationofbankandcapitalmarketregulation

Inanopeneconomy,domesticpolicychoicescanhaveimpactonothercountries.()

A:错B:对

答案:对

第二章测试

WehavenowayofknowingexactlyhowtoallocatethediscrepancyamongBOPaccounts.()

A:对B:错

答案:对

Everyinternationaltransactionautomaticallyentersthebalanceofpayments.()

A:twice,bothtimesasdebit.

B:twice,onceasacreditandonceasadebit.

C:onceeitherasacreditorasadebit.

D:onceasacredit.

答案:twice,onceasacreditandonceasadebit.

AnAmericanbuysaJapanesecar,payingbywritingacheckonanaccountwithabankinNewYork.Howwouldthisbeaccountedforinthebalanceofpayments?()

A:currentaccount,aJapanesegoodimport

B:financialaccount,aU.S.assetexport

C:currentaccount,aU.S.goodimport

D:acurrentaccountasaU.S.goodimportandafinancialaccount,aU.S.assetexport

答案:acurrentaccountasaU.S.goodimportandafinancialaccount,aU.S.assetexport

TheUnitedStatesissuesa$10,000debtforgivenesstoArgentina.Howisthisaccountedforinthebalanceofpayments?()

A:financialaccount,U.S.assetexport

B:currentaccount,Argentinatransferpayment

C:financialaccount,U.S.assetimport

D:currentaccount,Argentinagoodimport

答案:financialaccount,U.S.assetexport

第三章测试

Netunilateraltransfers________.()

A:OnlyAandC

B:arepartofaGrossNationalDisposableIncome.

C:mustbeaddedtoGDPincalculationsofGNI

D:arepartofacountry'sproduct.

答案:arepartofaGrossNationalDisposableIncome.

Inopeneconomies,_______.()

A:savingandinvestmentarenotnecessarilyequalastheyareinaclosedeconomy.

B:savingandinvestmentarenecessarilyequal.

C:investmentalwaysreferstothedomesticstockmarket.

D:asinaclosedeconomy,savingandinvestmentarenotnecessarilyequal.

答案:savingandinvestmentarenotnecessarilyequalastheyareinaclosedeconomy.

Whichofthefollowingis对?()

A:Acountrycouldfinanceacurrentaccountdeficitbyusingpreviouslyaccumulatedforeignwealthtopayforitsimports.

B:Acountrywithacurrentaccountsurplusisearningmorefromitsexportsthanitspendsonimports.

C:Alloftheaboveare对ofcurrentaccountbalances.

D:Acountrywithacurrentaccountdeficitmustbeincreasingitsnetforeigndebtsbytheamountofthedeficit.

答案:Alloftheaboveare对ofcurrentaccountbalances.

Anopeneconomy,_______.()

A:cansaveeitherbybuildingupitscapitalstockorbyacquiringforeignwealth.

B:cansaveonlybyacquiringforeignwealth.

C:cansavebyavoidingexcessiveimports.

D:cannotsaveeitherbybuildingupitscapitalstockorbyacquiringforeignwealth.

答案:cansaveeitherbybuildingupitscapitalstockorbyacquiringforeignwealth.

Acentralbank'sinternationalreservesconsistsofitsholdingsof______.()

A:foreignassets,goldandpositiononIMF

B:domesticassetsandpreciousmetals.

C:silverandgold.

D:foreignanddomesticcurrencyholdings

答案:foreignassets,goldandpositiononIMF

第四章测试

Theliquidityseekersismoreinformedaboutthemarketthantheprofitseekersintheforexmarket.()

A:对B:错

答案:对

SupposeyouboughtaRMB-NDFcontracttobuyonemillionRMBinoneyear.Theforwardexchangerateis$1=¥6.5100,andatmaturitydatethespotrateis$1=¥6.7053.Howmuchisyourprofitholdingzerotransactioncost?()

A:$4474.07

B:-¥195300

C:¥195300

D:-$4474.07

答案:-$4474.07

Thebasecurrencyisalsothequotecurrency.()

A:错B:对

答案:对

ForaFrenchinvestor,Europeantermsaredirectquotes.()

A:错B:对

答案:对

SupposethespotrateisJ¥118.27/$andthe3-monthsforwardrateisJ¥116.84/$,whatistheforwardpremiumonJapanesesYen?()

A:4.90%

B:-4.9%

C:2.04%

D:19.6%

答案:19.6%

Anappreciationofacountry'scurrency_________.()

A:decreasestherelativepriceofitsexportsandlowerstherelativepriceofitsimports.

B:lowerstherelativepriceofitsexportsandraisestherelativepriceofitsimports.

C:raisestherelativepriceofitsexportsandraisestherelativepriceofitsimports.

D:raisestherelativepriceofitsexportsandlowerstherelativepriceofitsimports.

答案:lowerstherelativepriceofitsexportsandraisestherelativepriceofitsimports.

Whatarethe“bigthree”pairsofcurrencyinglobalforexmarkets?（）

A:USD/JPY

B:USD/EUR

C:USD/GBP

D:EUR/JYP

答案:USD/EUR

;USD/GBP

;EUR/JYP

Onepipin$/£exchangerateis0.0001.()

A:错B:对

答案:错

第五章测试

Theactionofarbitrageis______.()

A:theprocessofsellingcurrencyatdifferentpricesindifferentmarkets.

B:theprocessofbuyingacurrencycheapandsellingitdear.

C:theprocessofbuyingacurrencyandholdingontoittotakeitoffthemarket.

D:theprocessofbuyingandsellingcurrencyatthesameprice.

答案:theprocessofbuyingacurrencycheapandsellingitdear.

Whatistheexpecteddollarrateofreturnoneurodepositsiftoday'sexchangerateis$1.10pereuro,nextyear'sexpectedexchangerateis$1.166pereuro,thedollarinterestrateis10%,andtheeurointerestrateis5%?()

A:-1%

B:11%

C:15%

D:10%

答案:11%

WhichoneofthefollowingstatementsistheMOSTaccurate?()

A:Sincedollarandyeninterestratesaremeasuredincomparableterms,theystillmovequitedifferentlyovertime.

B:Sincedollarandyeninterestratesaremeasuredincomparableterms,theycanmovequitedifferentlyovertime.

C:Sincedollarandyeninterestratesarenotmeasuredincomparableterms,theycanmovequitedifferentlyovertime.

D:Sincedollarandyeninterestratesaremeasuredincomparableterms,theymovequitethesameovertime.

答案:Sincedollarandyeninterestratesarenotmeasuredincomparableterms,theycanmovequitedifferentlyovertime.

Supposethattheone-yearforwardpriceofeurosintermsofdollarsisequalto$1.113pereuro.Further,assumethatthespotexchangerateis$1.05pereuro,andtheinterestrateondollardepositsis10percentandoneuroitis4percent.Undertheseassumptions,_______.()

A:interestparitydoesnothold.

B:itishardtotellwhetherinterestparitydoesordoesnothold.

C:interestparitydoeshold.

D:Notenoughinformationisgiventoanswerthequestion.

答案:interestparitydoeshold.

Thecoveredinterestrateparityconditioncanbestatedasfollows:Theinterestrateondollardepositsequalstheinterestrateoneurodeposits________theforward________ondollarsagainsteuros.()

A:minus;discount

B:plus;premium

C:plus;discount

D:times;premium

答案:plus;discount

Whatistheexpecteddollarrateofreturnoneurodepositsiftoday'sexchangerateis$1.167pereuro,nextyear'sexpectedexchangerateis$1.10pereuro,thedollarinterestrateis10%,andtheeurointerestrateis5%?()

A:0%

B:10%

C:11%

D:-1%

答案:-1%

第六章测试

Ifthereisinitiallyan_______.()

A:excesssupplyofmoney,theinterestratewillfall,andifthereisalsoanexcessdemand,itwillfallrapidly.

B:excesssupplyofmoney,theinterestratewillrise,andifthereisalsoanexcessdemand,itwillriserapidly.

C:excesssupplyofmoney,theinterestratewillrise,andifthereisinitiallyanexcessdemand,itwillfall.

D:excesssupplyofmoney,theinterestratewillfall,andifthereisinitiallyanexcessdemand,itwillrise.

答案:excesssupplyofmoney,theinterestratewillfall,andifthereisinitiallyanexcessdemand,itwillrise.

Theaggregatedemandformoneycanbeexpressedby______.()

A:Md=P×L(R,Y).

B:Md=L×P(R,Y).

C:Md=P×Y(R,L).

D:Md=R×L(P,Y).

答案:Md=P×L(R,Y).

Areductioninacountry'smoneysupplycauses_____.()

A:affectsothercountriescurrencyintheforeignmarket.

B:doesnotaffectitscurrencyintheforeignmarket.

C:itscurrencytoappreciateintheforeignexchangemarket.

D:doesaffectitscurrencyintheforeignmarketinanambiguousmanor.

答案:itscurrencytoappreciateintheforeignexchangemarket.

Asustainedchangeinthemonetarygrowthratewill______.()

A:eventuallyaffectequilibriumnominalmoneybalancesbyraisingthemoneyinterestrate.

B:eventuallyaffectequilibriumrealmoneybalancesbyreducingthemoneyinterestrate.

C:eventuallyaffectequilibriumrealmoneybalancesbyraisingthemoneyinterestrate.

D:eventuallyaffectequilibriumrealmoneybalancesbyraisingtherealinterestrate.

答案:eventuallyaffectequilibriumrealmoneybalancesbyraisingthemoneyinterestrate.

TheaggregaterealmoneydemandscheduleL(R,Y)slopesdownwardbecauseafallintheinterestratereducesthedesiredrealmoneyholdingsofeachhouseholdandfirmintheeconomy.()

A:对B:错

答案:错

第七章测试

WhichofthefollowingstatementsistheMOSTaccurate?()

A:AbsolutePPPmaybevalidevenwhenrelativePPPisnot,providedthefactorscausingdeviationsfromrelativePPParemoreorlessstableovertime.

B:RelativePPPmaybevalidevenwhenabsolutePPPisnot,providedthefactorscausingdeviationsfromabsolutePPParemoreorlessstableoverdifferentcommoditiesspace.

C:RelativePPPmaybevalidevenwhenabsolutePPPisnot,providedthefactorscausingdeviationsfromabsolutePPParemoreorlessstableovertime.

D:RelativePPPisonlyvalidwhenabsolutePPPisvalid,providingthefactorscausingdeviationsfromrelativePPParemoreorlessstableovertime.

答案:RelativePPPmaybevalidevenwhenabsolutePPPisnot,providedthefactorscausingdeviationsfromabsolutePPParemoreorlessstableovertime.

Ifthelawofonepriceholds对foreverycommodity,PPPmustautomaticallyholdaslongasthereferencebasketsusedtoreckondifferentcountries'pricelevelsarethesame.()

A:错B:对

答案:对

Themonetaryapproachtotheexchangerateisalongruntheory.()

A:错B:对

答案:对

Underthemonetaryapproachtoexchangeratetheory,moneysupplygrowthataconstantrate_______.()

A:eventuallyresultsinongoingpriceleveldeflationatthesamerate,butchangesinthislong-rundeflationratedonotaffectthefull-employmentoutputlevelorthelong-runrelativepricesofgoodsandservices.

B:eventuallyresultsinongoingpriceleveldeflationatthesamerate,butchangesinthislong-rundeflationratedonotaffectthefull-employmentoutputlevel,onlythelong-runrelativepricesofgoodsandservices.

C:eventuallyresultsinongoingpricelevelinflationatthesamerate,butchangesinthislong-runinflationratedoaffectthefull-employmentoutputlevelandthelong-runrelativepricesofgoodsandservices.

D:eventuallyresultsinongoingpricelevelinflationatthesamerate,butchangesinthislong-runinflationratedonotaffectthefull-employmentoutputlevelorthelong-runrelativepricesofgoodsandservices.

答案:eventuallyresultsinongoingpricelevelinflationatthesamerate,butchangesinthislong-runinflationratedonotaffectthefull-employmentoutputlevelorthelong-runrelativepricesofgoodsandservices.

Ingeneral,underthemonetaryapproachtotheexchangerate,whilethelong-runinterestratedoesnotdependontheabsolutelevelofthemoneysupply,continuinggrowthinthemoneysupplyeventuallywillaffecttheinterestrate.（）

A:对B:错

答案:对

IfpeopleexpectrelativePPPtohold,______.()

A:thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillbebelowthedifferencebetweentheinflationratesexpected,overtherelevanthorizon,intheUnitedStatesandEurope,respectively.

B:thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpectedinEuropeandtheUnitedStates,respectively.

C:thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpected,intheUnitedStatesandEurope,respectively,overtherelevanthorizon.

D:thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpected,overtherelevanthorizon,intheUnitedStatesandEurope,respectively,intheshortrun.

答案:thedifferencebetweentheinterestratesofferedbydollarandeurodepositswillequalthedifferencebetweentheinflationratesexpected,intheUnitedStatesandEurope,respectively,overtherelevanthorizon.

Thedomesticcurrencypriceofarepresentativeforeignexpenditurebasketis_______.()

A:P*timesE,theforeignpriceleveltimesthenominalexchangerate.

B:P,thedomesticpricelevel.

C:E,thenominalexchangerate.

D:P*,theforeignpricelevel.

答案:P*timesE,theforeignpriceleveltimesthenominalexchangerate.

UnderPurchasingPowerParity,_______.（）

A:E$/£

=PUS/PUK

B:E$/£=PUS

+PUK

C:E$/£

=PEU/PUK

D:E$/£

=PUS-PUK

答案:E$/£

=PUS/PUK

第八章测试

WhichoneofthefollowingstatementsisMOSTaccurate?()

A:Ingeneral,consumptiondemandrisesbythesameamountasdisposableincomerises.

B:Ingeneral,consumptiondemandrisesbylessthandisposableincome.

C:Ingeneral,consumptiondemandrisesbymorethandisposableincome.

D:Ingeneral,consumptiondemandrisesbymorethanincome.

答案:Ingeneral,consumptiondemandrisesbylessthandisposableincome.

Whathaveweassumedwhenweconcludethatarealdepreciationofthecurrencyimprovesthecurrentaccount?()

A:Allelseequalandthevolumeeffectoutweighsthevalueeffect.

B:Thevolumeeffectoutweighsthevalueeffect.

C:Allelseequalandthevalueeffectoutweighsthevolumeeffect.

D:Allelseequalandthevolumeeffectequalsthevalueeffect.

答案:Allelseequalandthevolumeeffectoutweighsthevalueeffect.

TheDDscheduleshowsallcombinationsofwhich2variablessothattheoutputmarketisinequilibrium?()

A:foreignpricesandtheexchangerate

B:importsandexports

C:outputandtheexchangerate

D:outputandexports

答案:outputandtheexchangerate

WhichofthefollowingdoesNOTaffectthepositionoftheDDcurve?c()

A:governmentspending

B:pricelevels

C:taxes

D:monetarypolicy

答案:monetarypolicy

Intheshort-run,atemporaryincreaseinthemoneysupply_____.()

A:shiftstheAAcurvetotheright,increasesoutputandappreciatesthecurrency.

B:shiftstheAAcurvetotheright,increasesoutputanddepreciatesthecurrency.

C:shiftstheAAcurvetotheleft,increasesoutputanddepreciatesthecurrency.

D:shiftstheAAcurvetotheleft,decreasesoutputanddepreciatesthecurrency.

答案:shiftstheAAcurvetotheright,increasesoutputanddepreciatesthecurrency.

WhichoneofthefollowingstatementsistheMOSTaccurate?（)

A:Forassetmarketstoremaininequilibrium,ariseindomesticoutputmustbeaccompaniedbyanappreciationofdomesticcurrency,allelseequal.

B:Forassetmarketstoremaininequilibrium,afallindomesticoutputmustbeaccompaniedbyanappreciationofforeigncurrency,allelseequal.

C:Forassetmarketstoremaininequilibrium,afallindomesticoutputmustbeaccompaniedbyanappreciationofdomesticcurrency,allelseequal.

D:Forassetmarketstoremaininequilibrium,ariseindomesticoutputmustbeaccompaniedbyadepreciationofdomesticcurrency,allelseequal.

答案:Forassetmarketstoremaininequilibrium,ariseindomesticoutputmustbeaccompaniedbyanappreciationofdomesticcurrency,allelseequal.

ImaginethattheeconomyisatapointthatisabovebothAAandDD,whereboththeoutputandassetmarketsareoutofequilibrium.Whichfirstactionis对?（)

A:TheexchangeratewillfirstmovelefttoapositionontheAAschedule.

B:TheAA-DDequilibriumwillshifttothepositionoftheeconomy.

C:TheexchangeratewillfirstmovetoapointontheDDschedule.

D:TheexchangeratewillfirstdroptoapointontheAAschedule.

答案:TheexchangeratewillfirstdroptoapointontheAAschedule.

Whichofthefollowinghavetobeinequilibriumfortheeconomytobeinequilibrium?（)

A:themoneymarketonly

B:thesavingsandinvestmentmarkets

C:theoutputandassetmarkets

D:thegoodsmarketonly

答案:theoutputandassetmarkets

Apermanentfiscalexpansion______.()

A:shiftstheDDandtheAAschedulestotheright,increasingoutput.

B:shiftstheDDtotherightandtheAAscheduletotheleft,leavingoutputthesame.

C:shiftstheDDandtheAAschedulestotheleft,leavingoutputthesame.

D:shiftstheDDtotheleftandtheAAscheduletotheleft,decreasingoutput.

E:shiftstheDDandtheAAschedulestotheright,decreasingoutput.

答案:shiftstheDDtotherightandtheAAscheduletotheleft,leavingoutputthesame.

Thepercentbywhichimportpricesrisewhenthehomecurrencydepreciatesby1%isthedegreeof______.()

A:roll-forwardfromexchangeratestoimportprices.

B:pass-onfromexchangeratestoimportprices.

C:pass-throughfromexchangeratestoimportprices.

D:pass-beyondfromexchangeratestoimportprices.

答案:pass-throughfromexchangeratestoimportprices.

OneimplicationofanempiricalinvestigationoftheMarshall-Lernerconditionisthat,inthe________,areal________inanation'scurrencyislikelyto________thecountry'scurrentaccountbalance.()

A:short-run;depreciation;improve

B:long-run;depreciation;improve

C:short-run;appreciation;improve

D:long-run;appreciation;improve

答案:long-run;depreciation;improve

AnydisturbancethatraisesaggregatedemandfordomesticoutputshiftstheDDscheduletotheright.()

A:错B:对

答案:对

TheAA-curvehasanegativeslopebecauseanincreaseinYwillcauseEtofall(adomesticcurrencyappreciation).()

A:错B:对

答案:对

economystartsinlong-runequilibrium,apermanentfiscalexpansionwillcause______.()

A:adecreaseinexchangerate,E.B:anincreaseinoutput,Y.C:anincreaseinexchangerate,E.D:adecreaseinoutput,Y.

答案:adecreaseinexchangerate,E.

第九章测试

Anycentralbankpurchaseofassetsautomatically

resultsinanincreaseinthedomesticmoneysupply,whileanycentralbanksaleofassetsdoesnotnecessarilyaffectthemoneysupply.()

A:对B:错

答案:错

Ifcentralbanksarenotsterilizingandthehomecountryhasabalanceofpaymentssurplus,anyassociatedincreaseinthehomecentralbank'sforeignassetimpliesanincreasedhomemoneysupply.()

A:对B:错

答案:错

Whendomesticandforeigncurrencybondsareimperfectsubstitutes,thedomesticinterestrate(R)canbewrittenas______.()

A:R=R*-(Ee

-E)/E+ρ

B:R=R*-(Ee

-E)ρ

C:R=R*-(Ee

-E)/E

D:R=R*+(Ee

-E)/E+ρ

答案:R=R*-(Ee

-E)ρ

第十章测试

Byinternalbalance,mosteconomistsmean______.()

A:fullemploymentandhighdisposableincome

B:fullemploymentandpricestability

C:fullemployment

D:pricestability

答案:fullemploymentandpricestability

Byexternalbalance,mosteconomistsmean______.()

A:whatamountstofixedexchangerates

B:imbalanceininternaltransactions

C:avoidingexcessiveimbalancesininternationalpayments

D:balancebetweenthetradeandserviceaccounts

答案:avoidingexcessiveimbalancesininternationalpayments

Governmentsprefertoavoidexcessivecurrentaccountsurplusesbecause______.()

A:domesticsavingsincreasewithmoreinvestmentabroad.

B:thereturnstodomesticsavingsaremoredifficulttotaxthanthoseonassetsabroad.

C:anadditiontothehomecapitalstockmayincreasedomesticunemploymentandthereforeleadtohighernationalincome.

D:anadditiontothehomecapitalstockmayreducedomesticunemploymentandthereforeleadtohighernationalincome.

答案:anadditiontothehomecapitalstockmayreducedomesticunemploymentandthereforeleadtohighernationalincome.

Undertheprice-specie-flowmechanism,whathappenswhen,say,Germany'scurrentaccountsurplusisgreaterthanitsnon-reservecapitalaccountdeficits?()

A:Germanloanswillfinanceallforeignnetimports

B:GoldreserveswillflowintoGermany

C:AutomaticdropinGermandomesticpricesandriseinforeignprices

D:Germanywillexperienceadeficit

答案:GoldreserveswillflowintoGermany

The"rulesofthegame"underthegoldstandardcanbestbedescribedaswhichofthefollowing:()

A:sellingdomesticassetsinasurplus

B:sellingforeignassetsinadeficitandbuyingforeignassetsinasurplus

C:sellingdomesticassetsinadeficitandbuyingassetsinasurplus

D:sellingdomesticassetsinordertoaccumulategold

E:slowingdowntheautomaticadjustmentsprocessesinherentinthegoldstandard

答案:slowingdowntheautomaticadjustmentsprocessesinherentinthegoldstandard

Themainpolicygoalforacountryaccordingtothemercantilistsis_____.()

A:tocreateacontinuingsurplusinthebalanceofpayments.

B:tocreateacontinuingdeficitinthebalanceofpayments.

C:tocreatespecieoverflows.

D:tocreateaone-timedeficitinthebalanceofpayments.

答案:tocreateacontinuingsurplusinthebalanceofpayments.

UntiltheUnitedStatesCivilWar,TheUnitesStateshada______.()

A:bimetallicmonetarystandardconsistingofsilverandgold.

B:bimetallicmonetarystandardconsistingofcopperandgold.

C:silver-basedmonetarystandard.

D:gold-basedmonetarystandard.

答案:bimetallicmonetarystandardconsistingofsilverandgold.

Theprice-specie-flowmechanism_______.()

A:isanautomaticmechanismforassuringinternalbalanceunderfloatingexchangerates.

B:isanautomaticmechanismforassuringexternalbalanceunderfloatingexchangerates.

C:isanautomaticmechanismforassuringinternalbalanceundermercantilism.

D:isanautomaticmechanismforassuringexternalbalanceunderthegoldstandard.

答案:isanautomaticmechanismforassuringexternalbalanceunderthegoldstandard.

Apolicyof"beggar-thy-neighbor"isapolicythat_______.()

A:doesnotoftenbenefitsanycountryinthelongrun

B:oftenbenefitsthehomecountryinthelongrun

C:oftenbenefitstheforeigncountryinthelongrun

D:oftenbenefitsforeigncountryintheshortrun

答案:doesnotoftenbenefitsanycountryinthelongrun

Aconvertiblecurrencyisacurrencythatmaybefreelyexchangedfor______.()

A:nationalcurrency.

B:onlysilver.

C:foreigncurrencies.

D:onlycopper.

答案:foreigncurrencies.

Adevaluationofthehomecurrency______.()

A:makesforeigngoodsandservicescheaperrelativetothosesoldathome.

B:makesdomesticgoodsandservicesmoreexpensiverelativetothosesoldabroad.

C:increasesoutputandmakesdomesticgoodsandservicescheaperrelativetothosesoldabroad.

D:increasesdemandfordomesticgoodsandservices.

答案:increasesoutputandmakesdomesticgoodsandservicescheaperrelativetothosesoldabroad.

TheconfidenceproblemoftheBrettonWoodssystemsarticulatedbyRobertTriffinrefersto______.()

A:consumerfearofstockmarketinstability.

B:thelackofconvertibilityofgoldintosilver.

C:producerfearofrisingwages.

D:theunwillingnessofcentralbankstoaccumulatecurrencyforfearofnotbeingabletoconvertittogoldincasearunonthebanksoccurs.

答案:theunwillingnessofcentralbankstoaccumulatecurrencyforfearofnotbeingabletoconvertittogoldincasearunonthebanksoccurs.

AdvocatesoffloatingratesuggesteditisfavorableforeconomiesforallofthefollowingreasonsEXCEPT______.()

A:itautomaticallymatchesthedomesticinflationwithongoingforeigninflation.

B:itgiveseverycountrytheopportunitytoguideitsownmonetaryconditionsathome.

C:itbringstheLRexchangeratetothelevelpredictedbyPPPwithoutgovernmentpolicydecisions.

D:ithelpsstabilizetheshockeffectonunemploymentincaseofeconomicchangessuchasfallinexportdemand.

答案:itautomaticallymatchesthedomesticinflationwithongoingforeigninflation.

Advocatesofflexibleexchangeratesclaimthatunderflexibleexchangerates______.()

A:flexibleexchangeratesarenotabletohaltimportinginflationfromabroad.

B:nocountrywouldbeforcedtoimportinflationanddeflationfromabroad.

C:nocountrywouldbeforcedtoimportonlydeflationfromabroad.

D:flexibleexchangeratesarenotabletohaltimportingdeflationfromabroad.

答案:nocountrywouldbeforcedtoimportinflationanddeflationfromabroad.

Advocatesofflexibleexchangeratesclaimthatunderflexibleexchangerates,acurrency_______.()

A:depreciationcausedbyincreasingthemoneysupplywouldreduceunemploymentbyincreasingtherelativepriceofdomesticproducts.

B:depreciationcausedbyincreasingthemoneysupplywouldreduceunemploymentbyloweringtherelativepriceofdomesticproducts.

C:depreciationcausedbyincreasingthemoneysupplywouldincreaseunemploymentbyloweringtherelativepriceofdomesticproducts.

D:depreciationcausebydecreasingthemoneysupplywouldnoteffectunemployment,butwouldincreasetherelativepriceofdomesticproducts.

答案:depreciationcausedbyincreasingthemoneysupplywouldreduceunemploymentbyloweringtherelativepriceofdomesticproducts.

TheDDscheduleshows_______.()

A:interestrateandoutputpairsforwhichaggregatedemandequalsaggregateoutput.

B:interestrateandoutputpairsforwhichaggregatesupplyequalsaggregateoutput.

C:exchangerateandoutputpairsforwhichaggregatedemandequalsaggregateoutput.2

D:exchangerateandoutputpairsforwhichaggregatedemandisgreaterthanaggregateoutput.

答案:exchangerateandoutputpairsforwhichaggregatedemandequalsaggregateoutput.2

TheAAscheduleshows________.()

A:Interestrateandoutputpairsatwhichonlytheforeignexchangemarketisinequilibrium.

B:Exchangerateandoutputpairsatwhichtheforeignexchangemarketandthedomesticmoneymarketareinequilibrium.

C:Interestrateandoutputpairsatwhichtheforeignexchangemarketandthedomesticmoneymarketareinequilibrium.

D:Exchangerateandoutputpairsatwhichonlytheforeignexchangemarketisinequilibrium.

答案:Exchangerateandoutputpairsatwhichtheforeignexchangemarketandthedomesticmoneymarketareinequilibrium.

Underfixedexchange