国际金融（原书第12版） 教学课件 ppt 作者 大卫.艾特曼（David Eiteman）阿瑟.斯通西 chapter 07.pdfVIP

Multinational Business Finance, 12e (Eiteman, et al) Chapter 7 International Parity Conditions 7.1 Prices and Exchange Rates Multiple Choice 1) If an identical product can be sold in two different markets, and no restrictions exist on the sale or transportation costs, the products price should be the same in both markets. This is known as A) relative purchasing power parity. B) interest rate parity. C) the law of one price. D) equilibrium. Answer: C Diff: 1 Topic: 7.1 Prices and Exchange Rates Skill: Recognition 2) The Economist publishes annually the Big Mac Index by which they compare the prices of the McDonalds Corporations Big Mac hamburger around the world. The index estimates the exchange rates for currencies based on the assumption that the burgers in question are the same across the world and therefore, the price should be the same. If a Big Mac costs $2.54 in the United States and 294 yen in Japan, what is the estimated exchange rate of yen per dollar as hypothesized by the Hamburger index? A) $0.0086/¥ B) 124¥/$ C) $0.0081/¥ D) 115.75¥/$ Answer: D Diff: 3 Topic: 7.1 Prices and Exchange Rates Skill: Analytical 3) If the current exchange rate is 113 Japanese yen per U.S. dollar, the price of a Big Mac hamburger in the United States is $3.41, and the price of a Big Mac hamburger in Japan is 280 yen, then other things equal, the Big Mac hamburger in Japan is ________. A) correctly priced B) under priced C) over priced D) not enough information to determine if the price is appropriate or not Answer: B Diff: 2 Topic: 7.1 Prices and Exchange Rates Skill: Analytical 1 Copyright © 2010 Pearson Education, Inc.  4) The price of a Big Mac in the U.S. is $3.41 and the price in Mexico is Peso 29.0. What is the implied PPP of the Peso per dollar? A) Peso 8.50/$1 B) Peso 10.8/$1 C) Peso 11.76/$1 D) No