雨课堂学堂在线学堂云《Financial English（山东）》单元测试考核答案

第1题ThedualexchangeratesinChinafrom1986to1993refertotheco-existenceof()AofficialrateandmarketrateBofficialrateandswaprateCtradeexchangerateandnon-tradeexchangerateDfinancialexchangerateandtradeexchangerate第2题Whichofthefollowingstatementsarenottrue?()AChinaForeignExchangeTradingCenterinShanghaiwasfoundedwasfoundedin1994.BChina’sinter-bankforeignexchangemarketisnationallyintegratedelectronicsystem.CRMBexchangerateregimeisamanagedfloatingsystem.DChina’sinter-bankforeignexchangemarketisavisiblemarket.第3题RMBexchangerateregimewasturnedfromasinglepegtoabasketpegin1973dueto().Atheshortageofforeignreserves.BthecollapseofBrettonWoodssystemCthereformandopening-up.DB/Pdeficit.第4题From1978,tointroducemarketforceintoRMBexchangeratedetermination,()wassetup.AdualexchangeratesystemBfloatingregimeCfixedregimeDpeggedtoabasketregime第5题Theuseofinternalsettlementratewasdiscontinuedin1985byChinesegovernmentandalltransactionsweretobeexecutedattheofficialratepublishedbytheStateAdministrationforExchangeControldueto().AcapitalinflowBcapitaloutflowCappreciationofUSDDdepreciationofUSD第6题Whichofthefollowingresultwasn'tcausedbythedivergencebetweenRMBofficialrateandswaprate?Arentseeking.Bcorruption.Cblackmarkets.Dthelossofindependentmonetarypolicy.第7题TheresponsibilitiesofChina'sFXbanksdon'tincludethefollowing().AThebanksneedtomeetthereserverequirementsonforeignexchangedepositsBThebanksshouldopenforeignexchangeaccountsfortheirclientsbeforeconductingrelevantforeignexchangeoperations.CThey

canterminateforeignexchangeoperationsontheirowninitiative.DTheyneedtosubmittheiraccountingstatementstoSAFE.第8题()

istobesettledordeliveredwithintwobusinessdaysofthecontract.AspotforeignexchangetransactionsBforwardforeignexchangetransactionsCswap

transactionsDfuturetransactions第9题InChina'sinter-bankFXmarketthelargesttypeoftransactionis(

).AspottransactionBcurrencyswaptransactionCRMB/FXoptionDoutrightforwardtransaction第10题Accordingtotrillemma,Policymakersinopeneconomiescan’tjointlyachievethethreeobjectives()AthestabilityofexchangerateBtheautonomyofmonetarypolicyCfreecapitalflowsDfinancialstability正确答案：ABC第11题Theparticipantsininter-bankforeignexchangemarketinChinainclude().AforeigncentralbanksBInternationalfinancialinstitutionsCNon-financialinstitutionsDsovereignwealthfunds正确答案：ABCD第12题Anindividualorfirmmaybeexposedtoforeignexchangeriskinanyofthefollowingways(

).AtransactionexposureBaccountingexposureCeconomicexposureDgeopoliticalexposure正确答案：ACB第13题CurrencyderivativesintheinterbankFXmarketsinChinainclude().ARMB/FXForwardBRMB/FXSwapCRMB/FXcrosscurrencyswapDRMB/FXoptions正确答案：ABCD第14题AftertheassesstoWTOin2001,controlsonfinancialandcapitaltransactionshavebeengraduallyliberalized.()第15题SAFEisinchargeofassessingmarketmakersintheinter-bankforeignexchangemarketandupdatesthelistofmarketmakerseveryfouryears.()第16题SAFEisresponsibleforthesupervisionondomesticinter-bankforeignexchangemarket.()

第17题From1949to1972,RMBexchangeratewasofficiallydetermined.第18题WiththecollapseofBrettonWoodssystem,RMBexchangerateregimewaschangedfromasinglepegtoabasketpeg.第19题Qualifiedforeigninstitutionalinvestors(QFII)werepermittedtoinvestindomesticcapitalmarketswithspecifiedquotain2006.第20题TheprogramofRQFIIwaslauchedfrom2011.第21题RMBexchangerateisdeterminedintheinter-bankforeignexchangemarketanditsdailymovementislimitedtoasmallrangeoneithersideofthereferencerateannouncedbyPBOC.第22题The8.11RMBcentralparityreformin2015improvestheclarityofthefoundationofRMB’scentralparityrate,thusenhancingthetransparencyoftheformationmechanismoftheRMBexchangerate.第23题Asianoptionsaremoreexpensivethanstandardoptionsbecausetheaveragepriceoftheunderlyingassetoveraperiodoftimechangeslessthanthepriceatatimepoint,whichreducesoptionrisk.第24题Financialhedgingismoreeffectiveinreducinglong-termexposure,alsoknownaseconomicexposure.第25题第1题Nowintheinter-bankFXmarekt,dailymovementoftheexchangerateofRMBagainstUS$islimitedto()oneithersideofthereferencerate.A0.5%B1%C2%D4%第2题Amongthefollowingfactors,which

isalong-runfactoraffectingRMBexchangeratechanges?ASino-U.S.interestspreadBinflationdifferentialCinvestors'moodDpolicyuncertainties第3题ThedifferencebetweenrelativeandabsolutepurchasingpowerparityPPPis().ArelativePPPincludesameasureoftheaggregatepricelevelineachcountry,whilePPPdoesnot.BempiricalstudiesshowthatrelativePPPholdsinboththeshortandlongrun,whileabsolutePPPholdsonlyintheshortrun.CrelativePPPrelatesinterestratedifferentials,whileabsolutePPPrelatesgoodsprices.DrelativePPPimpliesthatexchangeratemovementswilloffsetchangesinrelativepricesovertime,whileabsolutePPPimpliesthatexchange-rateadjustedpriceswillalwaysbeequal.第4题Whichbasketofgoodswouldbemostlikelytoexhibitabsolutepurchasingpowerparity?(

)AThegoodsintheConsumerPriceindex.BSpecializedluxurygoods,whicharesubjecttodifferenttaxratesacrosscountries.CLocallyproducedgoods,suchastransportationservices,whicharenoteasilytraded.DHighlytradablecommodities,suchaswheat.第5题Accordingtocoveredinterestrateparity,ifthedifferencebetweenthedomesticandforeigninterestratesismorethanforwardpremiumontheforeigncurrency,thenthecountrywillexperience(

).AcapitalinflowBcapitaloutflowCnocapitalflowDallabovearecorrect.第6题Uncoveredinterestrateparitymaynotholdexactlydueto(

).AariskpremiumBahedgeadjustment.Ctheinflationeffect.Danadjustmentfornominalratherthanrealinterestrates.第7题Accordingtothemonetaryapproach,underaflexibleexchangeratearrangement,ariseindomesticcreditwillresultin(

).Aacurrentaccountdeficitandnochangeinthevalueofthecurrency.Bacurrentaccountsurplusandnochangeinthevalueofthecurrency.Cadepreciationofthedomesticcurrency.Danappreciationofthedomesticcurrency.第8题Accordingtothemonetaryapproach,underafixedexchangerate,ariseintheforeignpricelevelwillresultina(

).Abalanceofpaymentssurplus.Bbalanceofpaymentsdeficits.Cdevaluationofthedomesticcurrency.Dabalanceofpaymentsequilibrium第9题Now(

)accountedforthelargestshareof

totalcross-borderRMBreceiptsandpayments.AdirectinvestmentsBsecurityinvestmentsCotherinvestmentsDtradepayments第10题ThePBOCcancarryoutthefollowingmeasurestoaffectCNYchangesintheinterbankmarket().AchangingrequiredreserveratioonforeigndepositsofcommercialbanksBchargingriskreservesonforwardsalesofforeignexchangeCchangingmacroprudentialadjustmentparametersforcross-borderfinancingDintroducingcounter-cyclicalfactors正确答案：ABCD第11题Themonetaryapproachisbasedonthefollowingassumption.(

)Ainvestorsareriskneutral.Bdomesticandforeignsecuritiesarecompletesubstitutes.Cinvestorsareriskaverse.Dtraderestrictions.正确答案：AB第12题ThefollowingfactorswillfailPPP.().AtransportationcostsBtaxdifferentialsCtraderestrictionsDcapitalflows正确答案：BADC第13题Whichwasaninfluentialmotivatortothe2005RMBregimereform?().AChina’sB/PsurplusBexternalpoliticalpressureCSino-U.S.interestdifferentialDinflationdifferential正确答案：AB第14题Currencyriskinacarrytradeisseldomhedged.第15题coveredinterestparitynormallyholdstrueindevelopednationswithbordersthatareopentointernationalbondexchangesandtoflowsoffundsinspotandforwardexchangemarkets.第16题RMBexchangeratedeterminationisnotonlyaneconomicissue,butalsoapoliticalone.第17题3Exercise第1题Morehomogeneousproducts,suchasoilandprimarycommodities,aretypicallyinvoicedin(

).Aexportercountry'scurrencyBimportercountry'scurrencyCaninternationalcurrency,suchasUSDDSDR第2题TheuseoftheRMBoverseasoriginatedfrom().Across-bordertradesettlementschemeBcross-bordercapitalsettlementschemeCestablishmentofoffshoremarketsDaccesstoWTO第3题Now(

)accountedforthelargestshareof

totalcross-borderRMBreceiptsandpayments.AdirectinvestmentsBsecurityinvestmentsCotherinvestmentsDtradepayments第4题AtwhichmeetingdidtheU.S.dollarfinallyassumethereservecurrencystatusthatthepoundpreviouslyheldattheendofWorldWarTwo?()ABrettonWoodsconference.BJamaicaconference.CLouvremeeting.DPlazameeting第5题Yuandenominatedbondssoldbynon-PRCissuersinthePRCarecalled().ApandabondsBdim-sumbondsCforeignbondsDMuLanbonds第6题RMBbondsissuedinHongarecalled().ApandabondsBdim-sumbondsCforeignbondsDMuLanbonds第7题TheinternationaluseofRMBincludes().AtradesettlementsBOFDICFDIDinternationalbonds正确答案：ABCD第8题PotentialbenefitsofRMBinternationalizationinclude().Atoreduceexchangerateriskstowhichfirmsareexposed.Btoreducetransactioncostsintrade,includingthecostoftradefinance,andleadtoafurtherexpansionofinternationaltrade.Ctheneedtoholdthedollarasamediumofexchangeandastoreofvaluewillbereducedaccordingly.Dindependentmonetarypolicy.正确答案：ABC第9题Elasticitiesoftradedependsonthefollowingfactors().AtenorBtradeformsCmarketcompetitionDinflation正确答案：ABC第10题WhichcanhelpdecreasetheSino-U.S.tradeimbalance?(

).AtorelaxU.S.restrictionsonadvancedtechnologyproductstoChinaBtocontrolfiscaldeficitoftheU.S.CRMBexchangerateappreciationDadjustmentineconomicstructure正确答案：ABCD第11题Thestatusofaninternationalcurrencycanbesupportedbythefollowingfactors()AthesizeandstrengthofeconomyBopennesstotradeandcapitalflowsCstrongpropertyrightsDtheruleoflaw正确答案：ABCD第12题InadditiontoUSD,theindexofSDRisalsocomposedof().ARMBBEuroCJPYDGBP正确答案：ABCD第13题ThefollowingpolicieshelpfacilitatesettlementsofRMBtransactionsoverseas.()AestablishmentofRMBclearingbanksinoffshoremarketsBbilateralRMBcurrencyswapCRQFIIDestablishmentofCIPS正确答案：ABCD第14题Thestatusofinternationalcurrencyproducesanumberofeconomicandpoliticalbenefitsfortheissuingstate,suchas().AthepowertodelayeconomicadjustmentBmorebusinessforitsfinancialinstitutionsClowerinternationalborrowingcostsDglobalprestige正确答案：ABCD第15题ChinabegantodevelopoffshoreRMBcentersin2003byauthorizinganRMBclearingbankinHongKong.第16题SingaporeisthemostimportantoffshoreRMBmarket.第17题RMBwasadoptedbySDRin2016.第18题Thedollar'sshareinglobaltradeinvoicing,internationaldebt,andcross-bordernon-bankborrowingoutstripstheshareoftheUnitedStatesintrade,internationalbondissuance,andcross-borderborrowingandlending.第19题4作业第1题ObjectivesofCSRCdoesn’tinclude()AtoprotectinvestorsBtoensurethatmarketsarefair,efficientandtransparentCtoreducesystematicrisk.Dtoprotectfinancialinstitutions.AtoprotectinvestorsBtoensurethatmarketsarefair,efficientandtransparentCtoreducesystematicrisk.Dtoprotectfinancialinstitutions.第2题InChinapolicybanksinclude().AChinaDevelopmentBankBtheExport-ImportBankofChinaCAgriculturalDevelopmentBankofChinaDBankofChina正确答案：ABC第3题FunctionsofPBOCinclude()AtoissuecurrencyandregulateitscirculationBtoformulateandimplementmonetarypolicyCtoprovidepaymentandsettlementservicesDCombatmoneylaunderingactivities正确答案：ABCD第4题ShadowbankinginChinaincludes()AmicroloancompaniesBfinancingguaranteecompaniesCpawnshopsDinformalfinancialinstitutions正确答案：ABCD第5题Thedisadvantagesofstateownershipoffinancialsysteminclude()AprohibitcompetitionBLimitfinancialservicestoprivateenterprises.CloseofregulatoryindependenceDimprovefundsefficiencyAprohibitcompetitionBLimitfinancialservicestoprivateenterprises.CloseofregulatoryindependenceDimprovefundsefficiency正确答案：ABC第6题FunctionsofChinaSecuritiesRegulatoryCommission(C)include()ARegulatesecuritiesandfuturesmarketsBSupervisetheseniorexecutivesanddailyoperationsofsecuritiescompaniesCSupervisethesecuritiesinvestmentfundsDSupervisetradingactivitiesoflistedbonds正确答案：CCABCD第7题Aqualifieddomesticinstitutionalinvestor()programwasintroducedin2002.()第8题Trueorfalse:BsharesaredenominatedinRMBandtradedinforeigncurrencies.()第9题Trueorfalse:PBOCtookonadualroleinfinancialregulationbefore1978.()第10题Trueorfalse:CSRCisinchargeofauthorizingtheestablishment,changes,terminationandbusinessscopeofthebankinginstitutions.()第11题Trueorfalse:Accordingtofinancialrepressiontheory,FinancialTrueorfalse:Accordingtofinancialrepressiontheory,Financialdevelopmentandeconomicgrowthcanformaviciouscycle.()第12题Trueorfalse:In2001ChinaaccessedtoWTO.第13题Trueorfalse:CIRCwassetupin1998toassumeregulatoryresponsibilityfortheinsuranceindustryinChina.第14题Trueorfalse:ConstructionBankofChinaisinchargeofconstructionandinfrastructurefinancing.第15题Trueorfalse:CentralBankingLawsandCommercialBankingLawswerebothenactedin1995.5Exercise第1题Combinedcertificateisastamped()asevidenceofinsureance.AB/LBinvoiceCP/LDsalescontract第2题Whichofthefollowingiscleancollection?()Acollectionoffinancialdocumentsaccompaniedbycommercialdocuments;BcollectionofcommercialdocumentsnotaccompaniedbyfinancialdocumentsCcollectionoffinancialdocumentsnotaccompaniedbycommercialdocuments.DcollectionbyB/L.第3题Whichstatementisn'ttrueabountCIPS?AItisanacronymforChineseCross-BorderInterbankPaymentSystem.BIt'spurposeistosupporttheuseoftherenminbiininternationaltradeandinternationalfinancialmarkets.CCIPSisnotonlyamessagingsystembutalsoofferspaymentclearingandsettlementservices.DCIPSwaslaunchedbythePBOCin2012.第4题Thefunctionofcommercialdocumentsintradesettlementsincludes().Aevidencefortheexportertofulfillthesalecontract.Bevidenceforpayment.Crepresentationofthegoods;Dfinancingmeans正确答案：ACD第5题Acreditcardisgenerallyinvolved()AissuingbankBcardholderCmerchantDpayer正确答案：ABC第6题Atraveler’scheckisgenerallyinvolved()AtheissuerBpayingagentCholderDtransferee正确答案：ABCD第7题Whichisaspecialinvoice?()AconsularinvoiceBsampleinvoiceCproformainvoiceDvisainvoice正确答案：ABCD第8题B/Lis()ArequisiteinformBwrittendocumentCtransferabledocumentDdocumentwithvalue正确答案：ABCD第9题TherapidprogessofSWIFTcanbeduetothefollowingreasons:AcheapexpensesBconvenientandreliablecommunicationCSWIFTmessagescanbetransmittedworldwidewithinsecondsanditsserviceisavailabletomembers24hoursaday.Dausefulweaponinfinancialsanction.正确答案：ABC第10题WhichofthefollowingistrueaboutL/C/?()ATheissuingbanktakesthefirstresponsibilitytopay.BL/Cisatransactionofdocuments.CL/Cisindependentontradecontract.DItisbasedonbankcredit.正确答案：ABCD第11题TheuseoftheSWIFTsystemasaweaponforfinancialsanctionsencouragedthebeingofcompetitorsincluding(

).ASPFSBINSTEXCCIPSDCHIPS正确答案：ABC第12题TrueorFalse:Thedateofissuanceisoptionalforabillofexchangetobevalid.()第13题TrueorFalse:checksarenegotiableinstruments.()第14题TrueorFalse:Cleanbillreferstoabillwithoutshippingdocumentsattachedthereto.()第15题TrueorFalse:acommercialinvoicemustappeartohavebeenissuedbythebeneficiaryandmadeoutinthenameofapplicantinthesamecurrencyasthecredit.()第16题TrueorFalse:Insurancedocumentcanbeissuedbyinsurancebroker.()第17题