泉州工艺美术职业学院《金融英语》2025-2026学年期末试卷

泉州工艺美术职业学院《金融英语》2025-2026学年期末试卷一、单项选择题（本大题共10小题，每小题2分，共20分）

1.Inthecontextofinternationalfinance,theterm"arbitrage"typicallyreferstothepracticeof()。

A.Borrowinginalow-interest-ratecountryandlendinginahigh-interest-ratecountry

B.Exploitingpricedifferencesofthesameassetindifferentmarkets

C.Diversifyinginvestmentsacrossmultiplecurrencies

D.Reducingcurrencyriskthroughhedgingstrategies

2.Theprimaryfunctionofacentralbankinafloatingexchangeratesystemis()。

A.Tomaintainafixedexchangerateagainstmajorcurrencies

B.Toregulatecommercialbanks'lendingpractices

C.Tointerveneinforeignexchangemarketstostabilizethecurrency

D.Tosetinterestratesforcommercialbanksindependently

3.Acountry'sbalanceofpaymentsissaidtobeinsurpluswhen()。

A.Itsexportsexceedimports

B.Ithasreceivedmoreforeigndirectinvestmentthanithasinvestedabroad

C.Ithasahigherlevelofimportsthanexports

D.Ithasaccumulatedmoreforeigncurrencyreservesthanitstradedeficit

4.Theprocessofconvertingonecurrencyintoanotherataspecificrateisknownas()。

A.CapitalizationB.DepreciationC.ExchangerateconversionD.Currencyspeculation

5.Intheforeignexchangemarket,the"spotrate"refersto()。

A.Therateatwhichcurrenciesaretradedforfuturedelivery

B.Therateatwhichcurrenciesaretradedimmediately

C.Theratesetbythecentralbankforthenextday

D.Therateatwhichcurrenciesaretradedinthebondmarket

6.Acurrencythatispeggedtoanothercurrencybutallowsforsomefluctuationwithinabandiscalled()。

A.AfloatingexchangerateB.AmanagedfloatC.AfixedexchangerateD.Afreelyconvertiblecurrency

7.Theterm"hedge"infinancerefersto()。

A.Takingapositioninaderivativetooffsetpotentiallosses

B.Increasingexposuretoaparticularasset

C.Withdrawingfundsfromaninvestment

D.Investinginahigh-risk,high-rewardasset

8.TheInternationalMonetaryFund(IMF)primarilyfocuseson()。

A.Promotingglobaleconomicgrowthandstability

B.Regulatinginternationaltradepractices

C.Providingloanstodevelopingcountries

D.Overseeingtheoperationsofcentralbanks

9.Acurrencythatcanbefreelyexchangedforothermajorcurrencieswithoutrestrictionsiscalled()。

A.AconvertiblecurrencyB.ArestrictedcurrencyC.ApeggedcurrencyD.Afloatingcurrency

10.The"LiquidityPremium"inexchangeratesreflects()。

A.Theadditionalreturninvestorsdemandforholdinglessliquidassets

B.Thedifferencebetweenspotandforwardexchangerates

C.Theriskpremiumforinvestinginemergingmarkets

D.Theimpactofinflationoncurrencyvalues

二、多项选择题（本大题共5小题，每小题2分，共10分）

1.Whichofthefollowingarecomponentsofthecurrentaccountinabalanceofpaymentsstatement?

A.Tradeingoods

B.Netincomefromabroad

C.Unilateraltransfers

D.Foreigndirectinvestment

2.Thefollowingarecommontoolsusedbycentralbankstoinfluencemonetarypolicy:

A.Openmarketoperations

B.Reserverequirements

C.Discountrateadjustments

D.Exchangerateinterventions

3.Intheforeignexchangemarket,thefollowingfactorscaninfluenceexchangerates:

A.Interestratedifferentials

B.Inflationrates

C.Politicalstability

D.Tradepolicies

4.Thefollowingarecharacteristicsofafloatingexchangeratesystem:

A.Theexchangerateisdeterminedbymarketforces

B.Thecentralbankactivelyintervenestostabilizethecurrency

C.Itallowsforautomaticadjustmenttoeconomicimbalances

D.Itrequiresafixedamountofforeigncurrencyreserves

5.Thefollowingarerisksassociatedwithinternationalfinance:

A.Exchangeraterisk

B.Politicalrisk

C.Interestraterisk

D.Liquidityrisk

三、判断题（本大题共5小题，每小题2分，共10分）

1.Acurrencydevaluationoccurswhenacountry'scurrencybecomesmorevaluablerelativetoothercurrencies.(False)

2.Thebalanceofpaymentsmustalwaysbeinequilibrium,meaningthecurrentaccountandcapitalaccountmustoffseteachother.(False)

3.Aderivativeisafinancialinstrumentwhosevalueisderivedfromanunderlyingasset,suchasstocks,bonds,orcommodities.(True)

4.TheInternationalMonetaryFund(IMF)providesloanstocountriesfacingbalanceofpaymentscriseswithconditionsaimedateconomicreform.(True)

5.Inafixedexchangeratesystem,thecentralbankhasnoroleinmanagingthecurrency'svalue.(False)

四、材料分析题（本大题共2小题，每小题10分，共20分）

**Material1:**

TheMalaysianRinggithasbeenexperiencingsignificantvolatilityagainsttheUSDollarinrecentmonths.TheBankNegaraMalaysia(BNM)hasbeenmonitoringthesituationcloselyandhasindicatedthatitmayinterveneintheforeignexchangemarketifnecessarytostabilizethecurrency.However,someeconomistsarguethatamoreflexibleexchangeratewouldallowthemarkettoself-correctandimproveeconomicefficiency.

**Material2:**

ThegovernmentofThailandhasdecidedtodevalueitscurrency,theBaht,by10%inresponsetodecliningtourismrevenuesandaweakeningexportsector.Criticsarguethatthismovecouldleadtohigherinflationandincreasedforeigndebt,whilesupportersbelieveitwillmakeThaiexportsmorecompetitiveininternationalmarkets.

1.BasedonMaterial1,discussthepotentialbenefitsanddrawbacksofBNMinterveningintheforeignexchangemarkettostabilizetheRinggit.WhatfactorsshouldBNMconsiderinitsdecision-makingprocess?

2.Base