国际金融期中作业

Chapter2:

PaymentsamongNations

Single-ChoiceQuestions

1.Acountry7sbalanceofpaymentsrecords:一个国家的国际收支平衡记录了■

a.Thevalueofallexportsofgoodsandservicesfromthatcountryfbraperiodoftime,

b.Allflowsofvaluebetweenthatcountry'sresidentsandresidentsoftherestofthe

worldduringaperiodoftime.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.Allflowsoffinancialassetsthatcrossthatcountry'sbordersduringaperiodoftime,

d.Allflowsofgoodsintothatcountryduringaperiodoftime.

2.Acredititeminthebalanceofpaymentsis:在国际收支平衡里的贷项是■

a.Anitemforwhichthecountrymustbepaid.一个国家必须收取的条款

b.Anitemfbrwhichthecountrymustpay.

c.Anyimporteditem.

d.Anitemthatcreatesamonetaryclaimowedtoaforeigner.

3.Everyinternationalexchangeofvalueisenteredintothebalance-of-paymentsaccounts

time(s).每一次国际等价交换都记进国际收支帐户2次!

a.1

b.2

c.3

d.4

4.Adebititeminthebalanceofpaymentsis:在国际收支平衡中的借项是■

a.Anitemfbrwhichthecountrymustbepaid.

b.Anitemforwhichthecountrymustpay.一个国家必须支付的条款

c.Anyexporteditem.

d.Anitemthatcreatesamonetaryclaimonaforeigner.

5.Inanation'sbalanceofpayments,whichoneofthefollowingitemsisalwaysrecordedasa

positiveentry?!在国际收支中，下列哪个项目总被视为有利奈项

a.Changesinforeigncurrencyreserves.

b.Importsofgoodsandservices.

c.Militaryforeignaidsuppliedtoalliednations.

d.Purchasesbyforeigntravelersvisitingthecountry.国外游客在本国发生的购买

6.Thesumofallofthedebititemsinthebalanceofpayments:在收支平衡中，所有贷项的总

和■

a.Equalstheoverallbalance.

b.Equalsthesumofallcredititems.等于所有借项的总和

c.Equals'compensating'transactions.

d.Equalsthesumofcredititemsminuserrorsandomissions.

7.WhichofthefollowingcapitaltransactionsareenteredasdebitsintheU.S.balanceof

payments?下列哪个资本交易在美国的收支平衡中当作贷项？■

a.AU.S.residenttransfers$100fromhisaccountatCreditSuisseinBasel(Switzerland)

tohisaccountataSanFranciscobranchofWellsFargoBank.

b.AFrenchresidenttransfers$100fromhisaccountatWellsFargoBankinSan

FranciscotohisCreditSuisseaccountinBasel.一个法国居民在旧金山的FargoBank

用其帐户转帐100美金到位于巴塞尔的瑞士信贷户口

c.AU.S.residentsellshisIBMstocktoaFrenchresident.

d.AU.S.residentsellshisCreditSuissestocktoaFrenchresident.

8.Anincreaseinanation'sfinancialliabilitiestoforeignresidentsisa:一个国家对另一个国

家金融负债的增加是一种，

a.Reserveinflow.

b.Reserveoutflow.

c.Capitalinflow.资本流入

d.Capitaloutflow.

9..aremoney-likeassetsthatareheldbygovernmentsandthatarerecognizedby

governmentsasfullyacceptableforpaymentsbetweenthem.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.Officialinternationalreserveassets官方国际储备资产

b.Unofficialinternationalreserveassets

c.Officialdomesticreserveassets

d.Unofficialdomesticreserveassets

10.Whichofthefollowingisconsideredacapitalinflow0!下列哪项被视为资本流入

a.AsaleofU.S.financialassetstoaforeignbuyer.美国一金融资产卖给一外国买

家

b.AloanfromaU.S.banktoaforeignborrower.

c.ApurchaseofforeignfinancialassetsbyaU.S.buyer.

d.AU.S.citizen'srepaymentofaloanfromaforeignbank.

11.Inacountry'sbalanceofpayments,whichofthefollowingtransactionsaredebits?一个国家

的收支平衡表中,哪个交易属于借项？■

a.Domesticbankbalancesownedbyforeignersaredecreased.夕卜国人拥有的国内车艮

行资产的下降

b.Foreignbankbalancesownedbydomesticresidentsaredecreased.

c.Assetsownedbydomesticresidentsaresoldtononresidents.

d.Securitiesaresoldbydomesticresidentstononresidents.

12.Theroleof.istodirectonenation'ssavingsintoanothernation'sinvestments:

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.Merchandisetradeflows

b.Servicesflows

c.Currentaccountflows

d.Capitalflows资金流

13.Thenetvalueofflowsofgoods,services,income,andunilateraltransfersiscalledthe: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）■

a.Capitalaccount.

b.Currentaccount.经常账目（户）

c.Tradebalance.

d.Officialreservebalance.

14.Thenetvalueofflowsoffinancialassetsandsimilarclaims（excludingofficialinternational

reserveassetflows）iscalledthe: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・

a.Financialaccount.金融帐

b.Currentaccount.

c.Tradebalance.

d.Officialreservebalance.

15.ThefinancialaccountintheU.S.balanceofpaymentsincludes:美国国家收支表中的金融

帐包括：I

a.Everythinginthecurrentaccount.

b.U.S.governmentpaymentstoothercountriesfortheuseofmilitarybases.美政府采

用其它国家军事居地所需支付款项

c.ProfitsthatNissanofAmericasendsbacktoJapan.

d.NewU.S.investmentsinforeigncountries.

16.AU.S.residentincreasingherholdingsofaforeignfinancialassetcausesa:一个美国居民

增持一外国金融资产会引起

a.CreditintheU.S.currentaccount.

b.DebitintheU.S.currentaccount.

c.CreditintheU.S.capitalaccount.

d.DebitintheU.S.capitalaccount.美国资本帐的借帐

17.AforeignresidentincreasingherholdingsofaU.S.financialassetcausesa:一个美国居

民增持本国一金融资产会引起

a.CreditintheU.S.currentaccount.

b.DebitintheU.S.currentaccount.

c.CreditintheU.S.capitalaccount.美国资本帐的贷帐

d.DebitintheU.S.capitalaccount.

18.Adeficitinthecurrentaccount:经常帐户中的赤字

a.Tendstocauseasurplusinthefinancialaccount.会导致金融帐中的盈余

b.Tendstocauseadeficitinthefinancialaccount.

c.Hasnorelationshiptothefinancialaccount.

d.Istheresultofincreasingexportsanddecreasingimports.

19.InSeptember,2005,exportsofgoodsfromtheU.S.decreased$3.3billionto$73.4billion,

andimportsofgoodsincreased$3.8billionto$144.5billion.Thisincreasedthedeficit

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？-

a.Thebalanceofpayments.

b.Thefinancialaccount.

c.Thecurrentaccount.经常帐户

d.Unilateraltransfers.

20.WhichofthefollowingwouldcontributetoaU.S.currentaccountsurplus?以下哪项有助

于美国现金帐的盈余？

a.TheUnitedStatesmakesaunilateraltariffreductiononimportedgoods.

b.TheUnitedStatescutsbackonAmericanmilitarypersonnelstationedinJapan.美国

削减在日本的军事人员

c.U.S.touriststravelinlargenumberstoAsia.

d.RussianvodkabecomesincreasinglypopularintheUnitedStates.

21.Whichofthefollowingtransactionsisrecordedinthefinancialaccount?以卜哪个交易会被

当作金融帐■

a.FordmotorcompanybuildsanewplantinChina福特摩托公司在中国设立车间

b.AChinesebusinessmanimportsFordautomobilesfromtheUnitedStates.

c.AU.S.touristspendsmoneyonatriptoChina.

d.TheNewYorkYankeesarepaid$10millionbytheChinesetoplayanexhibition

gameinBeijing,China.

22.IfaBritishbusinessbuysU.S.governmentsecurities,howwillthisbeenteredinthebalance

ofpayments?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？I

a.Itwillappearinthetradeaccountasanimport.

b.Itwillappearinthetradeaccountasanexport.

c.ItwillappearinthefinancialaccountasanincreaseinU.S.assetsheldbyforeigners.

会被当作是外国人所有的美国资产增长,

d.ItwillappearinthefinancialaccountasadecreaseinU.S.assetsheldbyforeigners.

23.Inthebalanceofpayments,thestatisticaldiscrepancyorerrortermisusedto: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■

a.Ensurethatthesumofalldebitsmatchesthesumofallcredits.

b.Ensurethatimportsequalthevalueofexports.

c.Obtainanaccurateaccountofabalance-of-paymentsdeficit.

d.Obtainanaccurateaccountofabalance-of-paymentssurplus.

24.Officialreserveassetsare:官方储备资产是

a.Thegoldholdingsinthenation'scentralbank.

b.Moneylikeassetsthatareheldbygovernmentsandthatarerecognizedby

governmentsasfullyacceptableforpaymentsbetweenthem.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

c.GovernmentT-billsandT-bonds.

d.GovernmentholdingsofSDR's

25.Whichofthefollowingconstitutesthelargestcomponentoftheworld'sinternationalreserve

assets?下列哪项构成了世界国际储备资产的大部份？■

a.Gold.

b.SpecialDrawingRights.

c.IMFReservePositions.

d.ForeignCurrencies.外汇（币）

26.Thenetaccumulationofforeignassetsminusforeignliabilitiesis:海外净资产的积累减去

外债等于.

a.Netofficialreserves.

b.Netdomesticinvestment.

c.Netforeigninvestment.国外投资净值

d.Netforeigndeficit.

27.Acountryexperiencingacurrentaccountsurplus:一个国家经历经常帐户的盈余

a.Needstoborrowinternationally.

b.Isabletolendinternationally.就有能力向外放贷

c.Mustalsohavehadasurplusinits“overall”balance.

d.Spentmorethanitearnedonitsmerchandiseandservicetrade,internationalincome

paymentsandreceiptsandinternationaltransfers.

28.The.measuresthesumofthecurrentaccountbalanceplustheprivatecapital

accountbalance.官方结算差额是指经常帐户余额的总和加上私人资本帐

a.Officialcapitalbalance

b.Unofficialcapitalbalance

c.Officialsettlementsbalance官方结算差额

d.Unofficialsettlementsbalance

29.Iftheoverallbalanceisin.,thereisanaccumulationofofficialreserveassets

bythecountryoradecreaseinforeignofficialreserveholdingsofthecountry'sassets.如果

综合差额处于物余，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

a.Surplus盈余

b.Deficit

c.Balance

d.Foreignhands

30.WhichofthefollowingisthecurrentaccountbalanceNOTequalto?以下哪项不等同于

现金帐■

a.Thedifferencebetweendomesticproductanddomesticexpenditure.

b.Thedifferencebetweennationalsavinganddomesticinvestment.

c.Netforeigninvestment.

d.Thedifferencebetweengovernmentsavingandgovernmentinvestment.政府储蓄与

政府投资的差值

True/FalseQuestions

31.Capitalinflowsaredebitsandcapitaloutflowsarecredits.资金流入是借项，资金外流是

贷项

32.Thenetvalueoftheflowofgoods,services,income,andgiftsisthecurrentaccountbalance.

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.Thenetflowoffinancialassetsandsimilarclaimsistheprivatecurrentaccountbalance.金

融资产和类似的资产的净值叫经常帐目余额

34.Themajorityofcountries'officialreservesassetsarenowforeignexchangeassets,financial

assetsdenominatedinaforeigncurrencythatisreadilyacceptableininternational

transactions.■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.Acountry'sfinancialaccountbalanceequalsthecountry'snetforeigninvestment.^国家

的金融帐差额相当于一个国家的净国外投资

36.Acountryhasacurrentaccountdeficitifitissavingmorethanitisinvestingdomestically.

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.Theofficialsettlementsbalancemeasuresthesumofthecapitalaccountbalanceplusthe

publiccurrentaccountbalance.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.Anation'sinternationalinvestmentpositionshowsitsstockofinternationalassetsand

liabilitiesatamomentintime.■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.Anationisaborrowerifitscurrentaccountisindeficitduringatimeperiod.■

在一段时间内，如果一个国家的经常帐出现赤字，那么它就是借方.

40.Anationisadebtorifitsnetstockofforeignassetsispositive.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）

41.AtransactionleadingtoaforeignresidentincreasingherholdingsofaU.S.financialasset

willberecordedasadebitontheU.S.financialaccount.如果一项交易引起一外国居民

增持美国金融资产的股份，那么这项交易在美国金融帐中会被当作借项

42.Acredititemisanitemforwhichacountrymustpay.贷项是指一个国家必须还款的条项

43.Goldisamajorreserveassetthatiscurrentlyoftenusedinofficialreservetransactions.黄金

作为主要的储备资产，常被用在官方储备交易当中.

44.Thecurrentaccountbalanceisequaltothedifferencebetweendomesticproductandnational

expenditure.-经常项目余额等于国民生产与国民支出的差额

45.In2007U.S.households,businessesandgovernmentwerebuyingmoregoodsandservices

thantheywereproducing.^2007年，美国家庭，商业，政扁1购买的商品和服务比他们生

产(商品和服务)的要多.

Chapter3:

TheForeignExchangeMarket

Single-ChoiceQuestions

1.Foreignexchangeis:1外汇交易是

a.Theactoftradingdifferentnations'monies,不用国家货币的交易

b.Theholdingsofforeigncurrency.对不同货币的持有

c.Theactofimportingforeigngoodsandservices.

d.Both(a)and(b)arecorrect.

2.IfthepriceofBritishpoundsintermsofU.S.dollarsis$1.80perpound,thenthepriceof

U.S.dollarsintermsofBritishpoundsis:，如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0.555

a.1.80£perdollar.

b.0.555£perdollar.

c.0.90£perdollar.

d.3.60£perdollar.

3.SupposetheexchangeratebetweentheJapaneseyenandtheU.S.dollaris100yenper

dollar.AJapanesestereowithapriceof60,000yenwillcost:（假设日元对美元的汇

率是100比1，那么一台日元为60000的音响要花多少美元

a.$1,667

b.$600

$6,000

$100

4.SupposethataKoreantelevisionsetthatcosts600woninKoreacosts$400intheUnited

States.Thesepricessuggestthattheexchangeratebetweenthewonandthedollaris:|

a.1.5wonperdollar呢题太简单，不屑翻译…自己睇

b.0.75wonperdollar

c.$1.50perwon

d.$3perwon

5.The.exchangerateisthepricefor"immediate"currencyexchange.即时汇

率是指外汇的即时价格

a.Current

b.Forward

c.Future

d.Spot

6.The.exchangerateisthepricesetnowforanexchangethatwilltakeplace

sometimeinthefuture.远期汇率是指由协议双方预订的将来会发生的汇率

a.Current

b.Forward

c.Futurespot

d.Spot

7.Theforeignexchangemarketis:，外汇市场是指

a.Asinglegatheringplacewheretradersshoutbuyandsellordersateachother.

b.LocatedinNewYork.

c.Agrouping,byelectronicmeans,ofbanksandtraderswhoworkatbanksthat

conductforeignexchangetrades.银行和交易者以电子方式集聚于一起进行外汇的

买卖

d.LocatedinLondon.

8..foreignexchangetradinginvolvescurrencyexchangesdonebetween

individualsandbanks.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.Interbank

b.Consumer

c.Intra-bank

d.Retail

9.TheU.S.dollariscalleda.becauseitisoftenusedasanintermediaryto

accomplishtradingbetweentwoothercurrencies.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.Vehiclecurrency周转货币(交易通货)

b.Maincurrency

c.Commoncurrency

d.Primarycurrency

1().SupposethattheexchangevalueoftheBritishpoundis$2perpoundwhiletheexchange

valueoftheSwissfrancis50centsperfranc.Fromthiswecanconcludethatthe

exchangeratebetweenthepoundandthefrancis:1计算题，到时出中文题自己计啦…

唔翻啦

a.1francperpound

b.2francsperpound

c.3francsperpound

d.4francsperpound

11.WhichofthefollowingisNOTafunctionoftheinterbankoperationsoftheforeign

exchangemarket?■下列哪一个不是外汇交易市场中银行间操作方式的一种？

a.Providesabankwithacontinuousstreamofinformationonconditionsintheforeign

exchangemarket.

b.Providesabankthemeanstoreadjustitsownpositionquicklyandatlowcost.

c.Permitsabanktotakeonapositioninaforeigncurrencyquickly.

d.Providesabankwithtechnologicalresourcesforuseinforeignexchangetrading.提

供技术资源给一间银行用来进行外汇交易

12.Underthemanagedfloatsystemofexchangerates,afallinthemarketpriceofacurrency

iscalled:|在管理浮动汇率制度下,一种货币价格的卜降被称为

a.Devaluation.

b.Depreciation.贬值

c.Appreciation.

d.Both(a)and(b).

13.Interbanktradingisconducteddirectlybetween.orthroughtheuseof

thatprovideanonymityuntilthetradeiscompleteandreducesearchcosts.

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;brokers

b.Brokers;traders

c.Individualconsumers;thegovernment

d.Individualconsumers;brokers

14.Acountry飞demandforforeigncurrencyisderivedfrom:——国家对外汇的需求来

自于

a.Internationaltransactionsenteringthedebitcolumnofitsbalanceofpayments

accounts.国际交易进入到其收款帐户的借方栏里

b.Internationaltransactionsenteringthesurpluscolumnofitsbalanceofpayments

accounts.

c.Thecountry'sdemandforcurrencytofinanceexportsandcapitalinflows.

d.Thecountry'sdemandforcurrencytofinanceitsgovernment'scompensating

transactions.

15.U.S.exportsofgoodsandserviceswillcreatea.foreigncurrencyanda

U.S.dollars.美国商品与服务的出口会创造出外汇的供给以及美元的

需求

a.Demandfor;supplyof

b.Supplyof;demandfor

c.Shortageof;demandfor

d.Supplyof;shortageof

16.U.S.importsofgoodsandserviceswillcreatea.foreigncurrencyanda

U.S.dollars.美国商品与服务的进口会创造出外汇的需求以及美元

的供给

a.Demandfor;supplyof

b.Supplyof;demandfor

c.Shortageof;demandfor

d.Supplyof;shortageof

17.U.S.capitalinflowswillcreatea.foreigncurrencyandaU.S.

dollars.美国资本流入会创造出外汇的供给和美元的需求

a.Demandfor;supplyof

b.Supplyof;demandfor

c.Shortageof;demandfor

d.Supplyof;shortageof

18.Ina.exchangeratesystemthereisnointerventionbythegovernmentor

centralbankers.浮动汇率制度里，政府与中央银行不得进行干涉

a.Fixed

b.Pegged

c.Floating

d.Managedfloat

19.AsthevalueoftheyenfallsrelativetotheU.S.dollar:，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.JapanesegoodsbecomemoreexpensivetoU.S.consumers.

b.Thesupplyofdollarswillfall.

c.Thedemandforyenwillrise.

d.U.S.goodsbecomelessexpensivetoJapaneseconsumers.

20.Thedemandcurveforforeigncurrencyslopesdownwardbecauseastheexchangerate

___Hthequantitydemanded.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.Increases;decreases

b.Increases;increases

c.Decreases;decreases

d.Decreases;staysfixed

21.ShiftsindemandawayfromFrenchproductsandtowardU.S.products(causedbyforces

otherthanchangesintheexchangerate)wouldresultinextraattemptsto.

eurosanddollars.如果法国商品的需求下降并转稳到美国商品身上（由

外力而是汇率引起），会引起欧元的额外卖与美元的购入

a.Buy;buy

b.Sell;sell

c.Sell;buy

d.Buy;sell

22.Otherthingsequal,ifAmericanexportstoJapanincreaseandAmericanimportsfrom

Japandecrease,thenunderafloatingexchangeratesystem,wewouldexpectthedollar

to:|其它条件一样的情况下，美国出口到日本的商品上升而美国进口日本的商品下

降，在浮动汇率制度下，美元将对日元走强。

WeakenagainsttheJapaneseyen.

b.DepreciateagainsttheJapaneseyen.

c.DevalueagainsttheJapaneseyen.

d.StrengthenagainsttheJapaneseyen.

23.AdecreaseinGermanresidents*willingnesstoinvestindollar-denominatedassetswill

shiftthedemandcurvefor:D德国居民投资于美元计价资产的意欲下降的话，美元的

需求将会下降。

a.Eurostotheright.

b.Eurostotheleft.

c.Dollarstotheright.

d.Dollarstotheleft.

24.Ina1exchangeratesystemthegovernmentorcentralbankersinterveneto

keeptheexchangeratevirtuallysteady.在固定汇率制度下，政府或中央银行会尽力保

持汇率的稳定。

a.Fixed

b.Marketdriven

c.Floating

d.Forward

Figure17.1:TheMarketforBritishPounds英磅市场

ExchangeRate

$/£美元与英磅的汇率

25.ReferringtoFigure17.1,adownwardmovementalongtheverticalaxiswouldcorrespond

toa(n)|oftheU.S.dollar.在17.1这图可知，纵轴线的下降会引起荽元

的升值

a.Arbitraging.

b.Devaluation

c.Appreciation升值

d.Depreciation

26.ReferringtoFigure17.1,at$2.50perpound,thereisa(n)..Underthe

systemofflexibleexchangerates,thiswouldcausethecurve(s).在

图中可得知，如果2.5美元换1英磅,那么会有超过100万英磅的供应.在弹性汇率

制下，这个汇率会引起供求曲线的下降

a.Excessdemandof1millionpounds,leftwardshiftof,demand

b.Excesssupplyof1millionpounds,rightwardshiftof,supply

c.Excessdemandof1millionpounds,downwardmovementalong,demand&supply

d.Excesssupplyof1millionpounds,downwardmovementalong,demand&supply

27.ReferringtoFigure17.1,iftheBritishgovernmentwantstopegtheexchangerateofthe

poundat$2.50perpound,whatactionwouldBritishmonetaryauthoritieshaveto

undertake?■在图可得知，如果英政府想把英磅美元之间汇率控制在1比2.5的话，

那么英国货币当局会采取什么措施？

a.Sell1millionpoundsandbuy2.5milliondollars.

b.Buy1millionpoundsandsell1milliondollars.

c.Buy1millionpoundsandsell2.5milliondollars.买一百万的英磅同时卖出二百

五十万的美元

d.Buy5.5millionpoundsandsell11milliondollars.

28.ReferringtoFigure17.1,iftheBritishpoundispeggedat$2.50perpoundthepoundwill

be:|在图可得知，如果把英磅美元之间汇率控制在1比2.5的话,英磅会被估仁

值过高

a.Overvalued.高估(估值过高)

b.Undervalued.

c.Devalued.

d.Inequilibrium.

29.ReferringtoFigure17.1,iftheBritishpoundispeggedat$2.50perpoundwhowillthis

help?|从图可得知，如果如果把英磅美元之间汇率控制在1比2.5的话，谁会

得益？

a.USimporters.

b.Britishimporters.英国进口商

c.Britishexporters.

d.Britishimport-competingproducers.

30.ReferringtoFigure17.1,iftheBritishpoundispeggedat$2.50perpoundandthe

governmentgivesupthepegandallowsthepoundtofloat,thepoundwillexperience

a(n):|从图可知，如果把英磅美元之间汇率控制在1比2.5，随后政府放弃控制，

那么英磅会出现贬值

a.Revaluation.

b.Devaluation.

c.Appreciation.

d.Depreciation.贬值

31.ReferringtoFigure17.1,iftheU.S.FederalReservewastoconductacontractionary

monetarypolicy,thecurvewouldshiftrightandthepoundwould■.

从图可知，如果美国联邦储备采取紧缩政策，那么需求曲线会上升，同时，英磅升值

a.Supply,appreciate

b.Demand,depreciate

c.Supply,depreciate

d.Demand,appreciate

32.WhichofthefollowingbestcharacterizesthecurrentU.S.exchangeratepolicy?■以下哪

项最好地描绘出美国当今的汇率政策？

a.Anadjustablepeggedrate.

b.Acrawlingpeggedrate.

c.Afreelyfloating.自由浮动汇率

d.Afixedexchangerate.

33.Otherthingsequal,ifAmericanexportstoJapanincreaseandAmericanimportsfromJapan

decrease,then,underafloatingexchangeratesystem,wewouldexpectthedollarto:■其它

条件一样的情况下，美国出口到日本的商品上升而美国进口日本的商品下降，在浮

动汇率制度下，美元将对日元走强

a.WeakenagainsttheJapaneseyen.

b.DepreciateagainsttheJapaneseyen.

c.DevalueagainsttheJapaneseyen.

d.StrengthenagainsttheJapaneseyen.

34.WhichofthefollowinggroupsismostlikelytobenefitfromastrengtheningoftheU.S.dollaragainstmajor

currencies?，如果美元对其它主要货币的汇率走强的话，以下哪一群人会得益？

a.U.S.exporters.

b.TheU.S.government.

c.U.S.consumers.美国消费者

d.Foreignconsumers.

35.Underafixedexchangeratesystemafallinthemarketprice(theexchangeratevalue)of

acurrencyiscalleda(n)ofthatcurrency.在固定汇率制下,一外币的汇

率下降了，这叫作贬值

a.Revaluation

b.Devaluation

c.Appreciation

d.Depreciation

36.Exchangeratesareequalizedindifferentlocationsdueto:・汇率在不同地方可以保持等

同是因为套利

a.Arbitrage,套利(套汇)

b.Governmentinterventioninforeignexchangemarkets.

c.Freetradeingoodsandservices.

d.Theactionsofimportersandexporters.

37.HowcouldyouprofitiftheexchangerateinLondonwas$2/£whileinNewYorkthe

exchangeratewas$1.95perpound?—如果在伦敦的汇率是1英磅对2美元,而在纽

约的汇率是1英磅对1.95美元.那么怎样做才能赚钱？

a.BuydollarsinNewYorkandselltheminLondon.

b.BuypoundsinLondonandselltheminNewYork.

c.BuypoundsinNewYorkandselltheminLondon.在纽约买英磅然后在伦敦卖

d.BuydollarsinLondonandsellpoundsinNewYork.

38.The2001-2007rapidgrowthinglobalforeignexchangetradingcanbeexplainedby:|

01-07年间全球外汇交易的急速增长是因为大型机构投资者对中长期外国金融投资

的增长

a.Largeincreasesinshort-terminternationalcurrencyactivitiesbyhedgefunds.

b.Increasesinlong-termforeignfinancialinvestmentsbylargeinstitutionalinvestors.

c.IncreasesintheU.S.longtermgovernmentbondyields.

d.Both(a)and(b)

True/FalseQuestions

39.Thegreaterpartofthemoneyassetstradedinforeignexchangemarketsaredemand

depositsinbanks.-大部7分在外汇市场交易的现金资产都是活期存款.

40.Mostforeignexchangetradingisdoneamongthebanksthemselvesintheretailpartofthe

foreignexchangemarket.多数外汇交易都是在银行间的散户外汇市场完成交易的

41.Thespotexchangerateisthepricenowforanexchangethatwilltakeplacesometimein

thefuture.即时汇率是指外帚在未来一定时间内的汇价.

42.Frenchimportsofgoodsandserviceswillcreateademandforforeigncurrencyanda

supplyofeuros.(T)法国对商品的进出口会创造出对外汇的需求和欧元的供给.

43.Inthefloatingexchangeratesystem,governmentofficialsmustinterveneintheexchange

ratemarkettokeeptheexchangeratefromfluctuating在浮动汇率制下，政府必须对外汇

市场进行干涉以保证汇率不出现浮动.

44.AssumingtheJapanesehaveafloatingexchangerate,anincreaseinJapaneseexportsof

goodsandserviceswilltendtocausethevalueoftheyentoappreciate.■在浮动汇率制

下,日本商品出口的增长会造成日元的升值

45.Tomaintainanundervaluedcurrency,monetaryauthoritiesmustinterveneintheforeign

exchangemarkettobuyitscurrency.如果要保持汇率偏低的货币，货币当局必须在外汇

市场通过干涉，购买这种货币

46.Triangulararbitragewillnotcausetheexchangeratebetweentwoforeigncurrenciesto

equalize.三角套汇不会造成两种货币间汇率的均等(均衡)

47.From2001to2007,globalforeignexchangetradingmorethandoubled.，

会01到07年间,全球外汇交易增长了两倍多

48.TheMaastrichtTreatysetaprocessforestablishingamonetaryunionandasingleunion

widecurrency.・马斯特里赫特条约为建立货币同盟和统一联盟制定了一

套固定程序.

49.Suppose$1=().85eurosinNewYork,1euro=15()yeninParis,and1yen=$0.008in

Tokyo.

a.Ifyoubeginbyholding$1,howcouldyouprofitfromtheseexchang