雨课堂学堂在线学堂云《International Finance( 理大)》单元测试考核答案

注：不含主观题第1题单选题(1分)Aforeignexchange________isthepriceofonecurrencyexpressedintermsofanothercurrency.Aforeignexchange________isawillingnesstobuyorsellattheannouncedrate.Aquote;rateBquote;quoteCrate;quoteDrate;rate第2题单选题(1分)MostforeignexchangetransactionsarethroughtheU.S.dollar.Ifthetransactionisexpressedastheforeigncurrencyperdollarthisknownas________whereas________areexpressedasdollarsperforeignunit.AEuropeanterms;indirectBAmericanterms;directCAmericanterms;EuropeantermsDEuropeanterms;Americanterms第3题单选题(1分)ThefollowingisanexampleofanAmericantermforeignexchangequote:(

)A$20/£B0.85euro/$C100¥/euroDNoneoftheabove第4题单选题(1分)MajorexceptionstousingEuropeantermsinforeignexchangeincludeAtradingyenandeuros.BpoundsandeurosCMexicanPesosandeuros.Dalloftheabove.第5题单选题(1分)MajorexceptionstousingEuropeantermsinforeignexchangeinclude()Atradingyenandeuros.Bpoundsandeuros.CMexicanPesosandeuros.Dalloftheabove.第6题单选题(1分)FromtheviewpointofaBritishinvestor,whichofthefollowingwouldbeadirectquoteintheforeignexchangemarket?()ASF2.40/£B$1.50/£C£0.55/euroD$0.90/euro第7题单选题(1分)A/an________quoteintheUnitedStateswouldbeforeignunitsperdollar,whilea/an________quotewouldbeindollarsperforeigncurrencyunit.()Adirect;directBdirect;indirectCindirect;indirectDindirect;direct第8题单选题(1分)IfthedirectquoteforaU.S.investorforBritishpoundsis$1.43/£,thentheindirectquotefortheU.S.investorwouldbe_______andthedirectquotefortheBritishinvestorwouldbe________A£0.699/;£0.699/B0.699/£;£0.699/C£1.43/£;£0.699/$D£0.699/;1.43/£第9题单选题(1分)____makemoneyoncurrencyexchangesbythedifferencebetweenthe________price,orthepricetheyoffertopay,andthe________price,orthepriceatwhichtheyoffertosellthecurrency.ADealers;ask;bidBDealers;bid;askCBrokers;ask;bidDBrokers;bid;ask第10题单选题(1分)TheU.S.dollarsuddenlychangesinvalueagainsttheeuromovingfromanexchangerateof0.8909/euroto0.8709/euro.Thus,thedollarhas________

________by________.Aappreciated;2.30%Bdepreciated;2.30%Cappreciated;2.24%Ddepreciated;2.24%第11题单选题(1分)Giventhefollowingpairwiseexchangerates,estimatethecross-rateofpoundspereuro.$0.8410/£$1.2223/euroA£1.000/euroB£1.5062/euroC£1.4534/euroDeuro1.5062/£第12题单选题(1分)Giventhefollowingquotations(wherethedollaristhehomecurrency),whatistheannualizedforwardpremium()ontheU.S.dollar?Spotrate:1.305/euro6−monthforwardrate:1.335/euro

()Apremium;4.4944%Bpremium;4.5977%Cdiscount;4.4944%Ddiscount;4.5977%第13题单选题(1分)IfwesettherealeffectiveexchangerateindexbetweenCanadaandtheUnitedStatesequalto100in1998,andfindthattheU.S.dollarhasrisentoavalueof112.6,thenfromacompetitiveperspectivetheU.S.dollarisAovervaluedBundervaluedCverycompetitiveDThereisnotenoughinformationtoanswerthisquestion第14题单选题(1分)IfwesettherealeffectiveexchangerateindexbetweentheUnitedKingdomandtheUnitedStatesequalto100in2005,andfindthattheU.S.dollarhaschangedtoavalueof91.4,thenfromacompetitiveperspectivetheU.S.dollaris________AOvervaluedBUndervaluedCequallyvaluedDThereisnotenoughinformationtoanswerthisquestion.第15题单选题(1分)ThegovernmentjustreleasedinternationalexchangeratestatisticsandreportedthattherealeffectiveexchangerateindexfortheU.S.dollarvstheJapaneseyendecreasedfrom105lastyearto95currentlyandisexpectedtofallstillfurtherinthecomingyear.OtherthingsequalU.S.________to/fromJapanthinkthisisgoodnewsandU.S.________to/fromJapanthinkthisisbadnews.Aimporters;exportersBimporters;importersCexporters;exportersDexporters;importers第16题单选题(1分)Thepriceofonecountry'scurrencyinunitsofanothercurrencyorcommodityisthe________.AforeigninterestrateBforeigncurrencyexchangerateCparvalueDinternationalrate第17题单选题(1分)YouchecktheYcurrencywebpageandfindthattheJapaneseyenistradingatarateof113yenperdollar.Thisrateofexchangeistypicallyreferredtoasthe________.()AforwardrateBparrateCspotrateD113rate第18题单选题(1分)A________currencyisexpectedtodevalueordepreciaterelativetomajorcurrencies.()AsoftorweakBhardorstrongCdeterioratedDdevalued第19题单选题(1分)Theincreaseinvalueofacurrencypeggedtogoldoranothercurrencyisknownas________.()AappreciationBrevaluationCstrengthenedDhardened第20题单选题(1分)Acurrencythathasincreasedinforeignexchangevaluerelativetoafloatingratecurrencyhas________.()ARevaluedBviolatedinternationaltradeagreementsCappreciatedDdeteriorated第21题单选题(1分)Acurrencythathasdecreasedinforeignexchangevaluerelativetoafloatingratecurrencyhas________.()ARevaluedBviolatedinternationaltradeagreementsCappreciatedDdeteriorated第22题判断题(1分)TheEuropeanandAmericantermsforforeigncurrencyexchangearesquarerootsofoneanother.()Test:ForeignExchangeMarketandEurocurrencyMarket第1题单选题(1分)WhichofthefollowingisNOTtrueregardingthemarketforforeignexchange?()AThemarketprovidesthephysicalandinstitutionalstructurethroughwhichthemoneyofonecountryisexchangedforanother.BTherateofexchangeisdeterminedinthemarket.CForeignexchangetransactionsarephysicallycompletedintheforeignexchangemarket.DAlloftheabovearetrue.第2题单选题(1分)A/An________isanagreementbetweenabuyerandsellerthatafixedamountofonecurrencywillbedeliveredataspecifiedrateforsomeothercurrency.AEurodollartransactionBimport/exportexchangeCforeignexchangetransactionDinterbankmarkettransaction第3题单选题(1分)Whiletradinginforeignexchangetakesplaceworldwide,themajorcurrencytradingcentersarelocatedin()ALondon,NewYork,andTokyo.BNewYork,Zurich,andBahrain.CParis,Frankfurt,andLondon.DLosAngeles,NewYork,andLondon.第4题单选题(1分)WhichofthefollowingisNOTamotivationidentifiedbytheauthorsasafunctionoftheforeignexchangemarket?()AThetransferofpurchasingpowerbetweencountries.BObtainingorprovidingcreditforinternationaltradetransactions.CMinimizingtherisksofexchangeratechanges.DAlloftheabovewereidentifiedasfunctionsoftheforeignexchangemarket.第5题单选题(1分)Theauthorsidentifytwotiersofforeignexchangemarkets:(

)AbankandnonbankforeignexchangeBcommercialandinvestmenttransactionsCinterbankandclientmarkets.Dclientandretailmarket第6题单选题(1分)TheforeignexchangemarketisNOTefficientbecause

()Amarketparticipantsdonotcompetewithoneanotherduetothefactthatexchangetakesplacearoundtheworldandnotinasinglecentralizedlocation.Bdealershaveaskpricesthatarehigherthanbidprices.Ccentralgovernmentsdominatetheforeignexchangemarketandeverybodyknowsthatbydefinition,centralgovernmentsareinefficient.Dnoneofthereasonslistedareaccuratebecausetheforeignexchangemarketisefficient.第7题单选题(1分)Itischaracteristicofforeignexchangedealersto(

)Abringbuyersandsellersofcurrenciestogetherbutnevertobuyandholdaninventoryofcurrencyforresale.Bactasmarketmakers,willingtobuyandsellthecurrenciesinwhichtheyspecialize.Ctradeonlywithclientsintheretailmarketandneveroperateinthewholesalemarketforforeignexchange.DAlloftheabovearecharacteristicsofforeignexchangedealers.第8题单选题(1分)Whichofthefollowingmaybeparticipantsintheforeignexchangemarkets?()AbankandnonbankforeignexchangedealersBcentralbanksandtreasuriesCspeculatorsandarbitragersDAlloftheabove.第9题单选题(1分)________seektoprofitfromtradinginthemarketitselfratherthanhavingtheforeignexchangetransactionbeingincidentaltotheexecutionofacommercialorinvestmenttransaction.()ASpeculatorsandarbitragersBForeignexchangebrokersCCentralbanksDTreasuries第10题单选题(1分)Intheforeignexchangemarket,________seekalloftheirprofitfromexchangeratechangeswhile________seektoprofitfromsimultaneousexchangeratedifferencesindifferentmarkets.(

)Awholesalers;retailersBcentralbanks;treasuriesCspeculators;arbitragersDdealers;brokers第11题单选题(1分)Foreignexchange________earnaprofitbyabid-askspreadoncurrenciestheypurchaseandsell.Foreignexchange________,ontheotherhand,earnaprofitbybringingtogetherbuyersandsellersofforeigncurrenciesandearningacommissiononeachsaleandpurchase.(

)Acentralbanks;treasuriesBdealers;brokersCbrokers;dealersDspeculators;arbitragers第12题单选题(1分)Dealerssometimesusebrokersintheforeignexchangemarketbecausethedealersdesire(

)AspeedBaccuracyCtoremainanonymousDalloftheabove第13题单选题(1分)________areNOToneofthethreecategoriesreportedforforeignexchange.()ASpottransactionsBSwaptransactionsCStriptransactionsDFuturestransactions第14题单选题(1分)Foreignexchangeswapswerelargerin1998thanin2001.TheBankforInternationalSettlementsattributesthisto(

)ASpottransactionsBSwaptransactionsCStriptransactionsDFuturestransactions第15题单选题(1分)Thegreatestamountofforeignexchangetradingtakesplaceinthefollowingthreecities:()ANewYork,London,andTokyo.BNewYork,Singapore,andZurich.CLondon,Frankfurt,andParis.DLondon,Tokyo,andZurich.第16题单选题(1分)Thefourcurrenciesthatconstituteabout80%ofallforeignexchangetradingare(

)AU.Kpound,Chineseyuan,euro,andJapaneseyenBU.S.dollar,euro,Chineseyuan,andU.K.poundCU.S.dollar,Japaneseyen,euro,andU.K.pound.DU.S.dollar,U.K.pound,yen,andChineseyuan.第17题单选题(1分)A________transactionintheforeignexchangemarketrequiresanalmostimmediatedeliveryofforeignexchange.(

)AspotBforwardCfuturesDnoneoftheabove第18题单选题(1分)A________transactionintheforeignexchangemarketrequiresdeliveryofforeignexchangeatsomefuturedate.()AspotBforwardCswapDcurrency第19题单选题(1分)AforwardcontracttodeliverBritishpoundsforU.S.dollarscouldbedescribedeitheras________

________.()Abuyingdollarsforward;buyingpoundsforwardBsellingpoundsforward;sellingdollarsforwardCsellingpoundsforward;buyingdollarsforwardDsellingdollarsforward;buyingpoundsforward第20题单选题(1分)Acommontypeofswaptransactionintheforeignexchangemarketisthe________wherethedealerbuysthecurrencyinthespotmarketandsellsthesameamountbacktothesamebankintheforwardmarket.()A"forwardagainstspot"B"forspot"C"repurchaseagreement"D"spotagainstforward"第21题单选题(1分)The________isaderivativeforwardcontractthatwascreatedinthe1990s.IthasthesamecharacteristicsanddocumentationrequirementsastraditionalforwardcontractsexceptthattheyareonlysettledinAnondeliverableforwardBdollaronlyforwardCvirtualforwardDinternetforward第22题单选题(1分)WhichofthefollowingisNOTtrueregardingnondeliverableforward()ANDFsareusedprimarilyforemergingmarketcurrencies.BPricingofNDFsreflectsbasicinterestratedifferentialsplusanadditionalpremiumchargedfordollarsettlement.CNDFscanonlybetradedbycentralbanksDAlloftheabovearetrue.第23题单选题(1分)Currencytradingincreasedtremendouslybetween2004and2007withdailytradingvolumejumpingfrom1.9trillionto3.2trillion.

Whichofthefollowingdoexpertsthinkwasamajordrivingforcebehindtheincreaseddailyvolume?AincreasedactivitybyspecializedinvestmentgroupssuchashedgefundsBinstitutionalinvestorsholdingmoreinternationallydiversifiedportfoliosthusrequiringmorecurrencytransactions

Cincreaseduseoftechnicalcomputer-basedtradingDalloftheabove

第24题单选题(1分)The________,asofDecember2007,isthecommoncurrencyfor13ofthecountriesthataremembersoftheEuropeanUnion(

)ASDR(SpecialDrawingRights)BEuroCECU(EuropeanCurrencyUnit)DYugo第25题第26题单选题(1分)AUnitedStatesfirmhadchosentodepositmoneyinaBritishbankandhaveitdenominatedinU.S.dollars.Thisisanexampleofa(an)________deposit.()AImpoundedBEuroyenCEuropoundDEurodollar第27题单选题(1分)________aredomesticcurrenciesofonecountryondepositinasecondcountry.ALIBORsB

EurocurrenciesCGlobalFederalFundsDFOREXFunds第28题单选题(1分)WhichofthefollowingisNOTanexampleofaEurocurrencydeposit?A

BritishpoundsdepositedoutsideoftheUnitedKingdomBJapaneseyendepositedoutsideofJapanC

U.S.dollarsdepositedoutsideoftheUnitedStatesD

AlloftheabovecouldbeconsideredEurocurrencydeposits.第29题单选题(1分)WhichofthefollowingwouldNOTbeavaluableEurocurrencymarkettransaction?AFordMotorCompanyholdstemporaryexcessdollarsinaLondonbank.BDellComputerborrowsdollarsfromaGermanbanktofundaccountsreceivable.CVolkswagenborrowsEurosinFrancetofinanceworkingcapital.DARussianoilfirmdepositsdollarsinMoscowNarodnyBankinLondon.第30题单选题(1分)Generally,EurocurrencyloansarebasedontheLondonInterbankOfferedRate(LIBOR)andhavealowerofferingratebecauseA

Eurocurrencymarketsareawholesalemarket.B

transactionsizesareforverylargeamountsofmoney.Cmarketparticipantshaveverygoodcreditratings.DalloftheaboveTest:BalanceofPayments第1题判断题(1分)TheauthorsidentifyatipforunderstandingBOPaccounting.Theyrecommendthatyou"followthecashflow."()第2题判断题(1分)TheBOPmustbeinbalancebutthecurrentaccountneednotbe.()第3题判断题(1分)ExpendituresbyU.S.touristsinforeigncountriesforforeigngoodsorservicesarefactoredintoBOPcalculations.()第4题判断题(1分)Becausecurrentandfinancial/capitalaccountbalancesusedouble-entrybookkeepingitisunusualtofindseriousdiscrepanciesinthedebitsandcredits.(

╳

)第5题判断题(1分)Ingeneral,theUnitedStatesgoodstradebalancehasgrownincreasinglypositiveoverthelast3years.(

╳

)第6题判断题(1分)Ingeneral,asacountry'sincomeincreases,sodoesthedemandforimports.()第7题判断题(1分)Ingeneral,acountry'sexportsdecreaseasforeignincomedecreases.()第8题判断题(1分)Internationaldebtsecuritypurchasesandsalesaredefinedasportfolioinvestmentsforfinancialaccountpurposesbecausebydefinitiondebtsecuritiesdonotprovidethebuyerwithownershiporcontrol.()第9题判断题(1分)SignificantamountsofUnitedStatesTreasuryissuesarepurchasedbyforeigninvestors,thereforetheU.S.mustearnforeigncurrencytorepaythisdebt.第10题判断题(1分)Theerabetween1880and1914,whenthegoldstandardwasinuse,wascharacterizedbyincreasingcapitalmobility.()第11题判断题(1分)Thetimefrom1971totodayhaspredominatelyusedaregimeofvariableexchangerates.Ithasalsoseenadecreaseincapitalmobility.(

╳

)第12题判断题(1分)Anexcessofmerchandiseexportsovermerchandiseimportsresultsinabalanceoftradedeficit.第13题判断题(1分)Portfolioinvestmentsaretransactionsthatinvolvelong-termfinancialassetsandaffectthetransferofcontrol.

第14题判断题(1分)TheBOPshouldalwaysbalance.()第15题判断题(1分)ThebeautyoftheJ-curveadjustmentpathfortradebalanceadjustmentsisthattheprocessisveryquick,typicallytakingonlyamonthorsotocomplete.(

╳

)第16题判断题(1分)TheUnitedStates,asofMay2007,hadthelargestofficialforeignexchangereservesofanynation.第17题单选题(1分)ThebalanceofpaymentsasappliedtoacourseininternationalfinancemaybedefinedasAtheamountstillowedbyanexportingfirmaftermakinganinitialdownpayment.BtheamountstillowedbygovernmentstotheInternationalMonetaryFund.Cthemeasurementofallinternationaleconomictransactionsbetweentheresidentsofacountryandforeignresidents.Dtheamountofacountry'smerchandisetradedeficitorsurplus.第18题单选题(1分)Balanceofpayment(BOP)datamaybeimportantforanyofthefollowingreasons:ABOPdatahelpstoforecastacountry'smarketpotential,especiallyintheshortrun.BTheBOPisanimportantindicatorofacountry'sforeignexchangerate.CChangesinacountry'sBOPmaysignalachangeincontrolsoverpaymentofdividendsandinterest.DAlloftheabove.

第19题单选题(1分)AcountryexperiencingaseriousBOP________ismorelikelyto________exportsthanotherwise.Asurplus;contractBdeficit;contractCdeficit;expandDnoneoftheabove第20题单选题(1分)WhichofthefollowingwouldNOTbeconsideredatypicalBOPtransaction?AToyotaU.S.A.isaU.S.distributorofautomobilesmanufacturedinJapanbyitsparentcompany.BTheU.S.subsidiaryofEuropeanfinancialgiant,CreditSuisse,paysdividendstoitsparentinZurich.CAU.S.touristpurchasesgiftsatamuseuminLondon.DAllareexampleofBOPtransactions.第21题单选题(1分)WhichofthefollowingisNOTapartoftheCurrentAccountofBOP?Anetexport/importofgoods

BBalanceofTradeCnetportfolioinvestmentDnetexport/importofservices第22题单选题(1分)WhichofthefollowingisNOTpartoftheFinancialAccountoftheBOP?Anetforeigndirectinvestment.Bnetimport/exportofservicesCnetportfolioinvestmentDotherFinancialitems第23题单选题(1分)WhichofthefollowingisNOTanitemtobeconsideredinBOPcalculations?AAforeignresidentpurchasesaU.S.TreasuryBill.BAU.S.-basedfirmmanagesthedevelopmentofanoilfieldinKazakhstanCAconsumerbuysaVCRmadeinKoreafromaWal-Martstore.

DAU.S.citizenlivinginMinnesotatravelstoWinnipeg,CanadaandbuysacaseofLaBatt'sCanadianbeer.

第24题单选题(1分)Thebalanceofpaymentsismostlikea(an)________.AcashflowstatementBbalancesheetCincomestatementDproxystatement第25题单选题(1分)ThebalanceofpaymentsAdeterminestheeligibilityofcountriesforIMFaid.

Baddsupthevalueofallassetsandliabilitiesofacountryonaspecificdate.

Crecordsallinternationaltransactionsforacountryoveraperiodoftime.

Dalloftheabove.第26题单选题(1分)Accordingtotheauthors,thefollowingtypesoftransactionsdominatethebalanceofpayments:Atheexchangeofgunsforbutter.

Btheexchangeofstocksandbonds.Ctheexchangeofgoodsandservices.

Dtheexchangeofrealandfinancialassets.第27题单选题(1分)WhichofthefollowingisNOTanexampleofanexchangeoffinancialassets?Atheexchangeoftravelservices

Btheexchangeofstocks

Ctheexchangeofbonds

Dloans第28题单选题(1分)WhichofthefollowingisNOTpartofthebalanceofpaymentsaccount?Athecurrentaccount

Bthefinancial/capitalaccountCtheofficialreservesaccount

DAlloftheaboveareBOPaccounts.第29题单选题(1分)The________includesallinternationaleconomictransactionswithincomeorpaymentflowsoccurringwithintheyear.Acapitalaccount

BcurrentaccountCfinancialaccountDIMFaccount第30题单选题(1分)Ifyourcompanyweretoimportandexporttextiles,thetransactionswouldberecordedinthecurrentaccountsubcategoryof________.AservicestradeBincometradeCgoodstrade

Dcurrenttransfers

第31题单选题(1分)ThetravelservicesprovidedtointernationaltravelersbyUnitedAirlineswouldberecordedinthecurrentaccountsubcategoryof________.AservicestradeBincometradeCgoodstradeDcurrenttransfers第32题单选题(1分)AnacondaCopperInc.createdasubsidiaryinChilelastyeartominecopperore.Theproportionofnetincomepaidbacktotheparentcompanyasadividendwouldberecordedinthecurrentaccountsubcategoryof________.AservicestradeBincometrade

CgoodstradeDcurrenttransfers

第33题单选题(1分)Thesubcategorythattypicallydominatesthecurrentaccountis________.Agoods(merchandise)tradeBservicestradeCincometrade

Dtransferaccounts

第34题单选题(1分)Overthelastseveralyears,theUnitedStateshasruna________inthegoodstradebalanceanda________intheservicestradebalance.Asurplus;deficitBsurplus;surplus

Cdeficit;deficit

Ddeficit;surplus第35题单选题(1分)In2001theUnitedStatespostedacurrentaccountdeficitof-$393billion.ThebulkofthenegativevaluecamefromAanettransferdeficit.

Banincometradedeficit.

Cagoodstradedeficit.

Danincomebalancedeficit.

第36题单选题(1分)OverthelasttwodecadesthesurplusonU.S.servicestradehastypicallybeen________thedeficitonU.S.goodstrade.AgreaterthanBlessthan

CequaltoDTherelationshipisconstantlyshiftingfromgreaterthantolessthan.

第37题单选题(1分)ThefinancialaccountconsistsCOMPLETELYofwhichthreecomponents?Astockinvestment,bondinvestment,andmutualfundinvestment

Bdirectinvestment,stockinvestment,andbondinvestment

Cdirectinvestment,portfolioinvestment,andotherassetinvestment

Dmutualfundinvestment,portfolioinvestment,andstockinvestment

第38题单选题(1分)Whencategorizinginvestmentsforthefinancialaccountcomponentofthebalanceofpaymentsthe________isaninvestmentwheretheinvestorhasnocontrolwhereasthe________isaninvestmentwheretheinvestorhascontrolovertheasset.Adirectinvestment;portfolioinvestmentBdirectinvestment;indirectinvestment

Cportfolioinvestment;indirectinvestment

Dportfolioinvestment;directinvestment

第39题单选题(1分)WhichofthefollowingwouldNOTbeconsideredadirectinvestmenteitherintoorfromtheUnitedStates?AthepurchaseofU.S.Treasury(debt)securitiesBFordMotorCompanybuildinganassemblyplantinMexico

CHondaofJapanbuildingamanufacturingplantinAlabama

DintelpurchasingachipmanufacturingplantinThailand

第40题单选题(1分)Ingeneralthereisconsensusthat________shouldbefreebutthereisnosuchconsensusthat________shouldbefree.Ainternationalinvestment;internationalgoodstrade

Binternationalinvestment;internationaltradeCinternationaltrade;internationalgoodstrade

Dinternationaltrade;internationalinvestment

第41题单选题(1分)ThetwomajorconcernsaboutforeigndirectinvestmentareAnationaldefenseandtaxes.Bwhocontrolstheassetsandwhoreceivestheprofits.Cwhoreceivestheprofitsandtaxes.Dwhopaysthetaxesandwhoreceivesthetaxes.第42题单选题(1分)Portfolioinvestmentiscapitalinvestedinactivitiesthatare________ratherthanmadefor________.Ashortterm;thelongterm

Blongterm;profit

Cprofitmotivated;control

Dcontrolmotivated;profit第43题单选题(1分)MostU.S.debtpurchasedbyforeignersisdenominatedin________andmostforeigndebtissuedbycountriessuchasRussia,Mexico,andBrazilisissuedin________.AU.S.dollars;thepurchasinginvestor'sdomesticcurrency

Bthepurchasinginvestor'sdomesticcurrency;theissuingcountry'sdomesticcurrency

CU.S.dollars;theissuingcountry'sdomesticcurrencyDU.S.dollars;U.S.dollars

第44题单选题(1分)Theroleofofficialreservesis________undera________exchangerateregime.Aenhanced;floating

Bdiminished;fixed

Cenhanced;fixed

DNoneoftheaboveapply.

第45题单选题(1分)Ifmostmajoreconomiesareoperatingunderaregimeoffixedexchangerates,thena________inacountry'sbalanceofpaymentssuggeststhatthecountryshould________itscurrency.Asurplus;revalue

Bsurplus;devalueCdeficit;revalue

Dalloftheabove

第46题单选题(1分)Underaninternationalregimeoffixedexchangerates,countrieswithaBOP________shouldconsider________theircurrencywhilecountrieswithaBOP________shouldconsider________theircurrency.Adeficit;revaluing;surplus;revaluing

Bdeficit;devaluing;surplus;devaluing

Csurplus;devaluing;deficit;revaluing

Dsurplus;revaluing;deficit;devaluing

第47题单选题(1分)Whichofthefollowingisthebestdefinitionofmoneylaundering?Alegaltransferoffundsthroughtheusualinternationalpaymentsmechanisms

Bthetransferofcashintocollectiblesthatarethentransferredacrossborders

Cthecross-borderpurchaseofassetsthatarethenmanagedinawaythathidethemovementofmoneyanditsownership

Dfalseinvoicingofinternationaltradetransactions

第48题单选题(1分)The________isthedifferencebetweenmerchandiseimportsandexportsandameasureofacountry'sinternationaltradeingoodsandservices.AbalanceofpaymentsBbalanceoftrade

CcurrentaccountDcapitalaccount

第49题单选题(1分)TheUnitedStatesexperiencedabalanceoftrade________duringthe1980sandabalanceoftrade________duringthe1990s.Asurplus;surplusBsurplus;deficit

Cdeficit;deficit

Ddeficit;surplus

第50题单选题(1分)ThelargestsinglecomponentoftheUnitedStatescurrentaccountis________.Acurrenttransfers

Bincomepaymentsandreceipts

Cgoods(merchandise)importsandexports

Dservicesimportsandexports

第51题单选题(1分)WhichofthefollowingdoesNOTrepresentapossiblemechanismbywhichcapitalcanbemovedfromcountrytocountry?Atransfersviatheusualinternationalpaymentsmechanismsuchasregularbanktransfers

Btransfersviaaphysicalbearersuchassmuggling

Cthetransferofcashintocollectibles

DAlloftheabovearemechanismsformovingcapitalfromcountrytocountry.

第52题单选题(1分)Whichofthefollowingstatementsaboutthebalanceofpaymentsisnottrue?ATheBOPisthesummarystatementofallinternationaltransactionsbetweenonecountryandallothercountries.BTheBOPisaflowstatement,summarizingallinternationaltransactionsthatoccuracrossthegeographicbordersoveraperiodoftime,typicallyayear.CAlthoughtheBOPmustalwaysbalanceintheory,inpracticetherearesubstantialimbalancesasaresultofstatisticalerrorsandmisreportingofcurrentaccountandfinancialaccountflows.DAlloftheabovearetrue.第53题单选题(1分)Whichofthefollowingisnotacomponentofthefinancialaccounts?Adirectinvestmentabroad

Bdirectinvestmentdomestic

CgoodsimportsDportfolioinvestment

第54题单选题(1分)________isanentryinthebalanceofpaymentsmeasuringthedifferencebetweenthemonetaryvalueofmerchandiseexportsandmerchandiseimports.ABalanceofpaymentsBBalanceoftradeCImport-exportspreadDNoneoftheabove第55题单选题(1分)TheJ-curveadjustmentpathfortradebalanceadjustmentsassumesthatexportproductsarepredominantlypricedinthe________currencyandthatimportproductsarepredominantlypricedinthe________currency.Adomestic;domestic

Bdomestic;foreignCforeign;foreignDforeign;domestic

第56题单选题(1分)TheJ-curveadjustmentpathfortradebalanceadjustmentsassumesthat________productsarepredominantlypricedinthedomesticcurrencyandthat________productsarepredominantlypricedintheforeigncurrencyAimport;import

Bimport;exportCexport;exportDexport;import

第57题单选题(1分)Assumethatacountryisexperien