外汇2012_FX_Quiz_1A-1.docVIP

Quiz 1 (Ch1-3) INB303; Class: DC ; Student Name __________________;Student ID __________________________ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. ( )1.why do we need to study international financial management??A.?global and integrated world economy.B.?foreign exchange risk.C.?political risk.D.?both answers b) and c) are correct ( )2.??Most governments at least try to make it difficult for people to cross their borders illegally. This barrier to the free movement of labor is an example of?A.?Information asymmetryB.?Excessive transactions costsC.?A market imperfectionD.?Racial discrimination ( )3.Japanese automobile company decided to establish production facilities in Ohio, mainly to?A.?circumvent trade barriersB.?reduce transportation costsC.?reduce transactions costsD.?Both a) and b) ( )4.??The ascendance of the dollar the dominant global currency reflects several key factors such as?A.?the size of the U.S. economy.B.?the mature and open capital markets of the U.S. economy.C.?price stability.D.?All of the above. ( )5.?Country A can produce 6 yards of textiles or 10 pounds of food per unit of input. Compute the opportunity cost of producing one additional unit of food instead of textiles.?A.?1 yard of textiles per 1.67 pounds of foodB.?1 pound of food per 1.67 yards of textilesC.?1 yard of textiles per 0.6 pounds of foodD.?1 pound of food per 0.6 yards of textiles ( )6.??Restrictions or impediments to free trade include such things as?A.?import quotasB.?import tariffsC.?costly transportationD.?all of the above ( )7.?Comparative advantage?A.?Is also known as relative efficiencyB.?Can lead to trade even in the face of absolute efficiency. C.it is ?mutually benefit for countries.D.?All of the above ( )8.?The doctrine of comparative advantage was f