国际金融考试英文选择题 看完必过.docVIP

国际金融考试 单选 1、An increase in the current account deficit will place pressure on the home currency value, other things equal. （ B ） A、upward B、downward C、no D、upward or downward 2、A high home inflation rate relative to other countries would the home country’s current account balance, other things equal. A high growth in the home income level relative to other countries would the home countries current account balance, other things equal.（ C ） A、increase; increase B、increase; decrease C、decrease; decrease D、decrease; increase 3、The “J curve” effect describes （ B ） A、the continuous long-term inverse relationship between a country’s current account balance and the country’s growth in gross national product. B、the short run tendency for a country’s balance of trade to deteriorate even while its currency is depreciating. C、the tendency for exporters to initially reduce the price of goods when their own currency appreciates. D、the reaction of a country’s currency to initially depreciate after the country’s inflation rate declines. 4、 If a US firm desires to avoid the risk from exchange rate fluctuations, and it is receiving 100,000 marks in 90 days, it could . ( A ) A、obtain a 90-day forward sale contract on marks. B、obtain a 90-day forward purchase contract on marks. C、purchase marks 90 days from now at spot rate. 5、Assume the spot rate of a currency is $0.37 and the 90-day forward rate is $0.36 .The forward rate of this currency exhibits a of on an annualized basis.（D ）。 A、discount; 11.11% B、premium; 11.11% C、premium; 10.810分1% D、discount; 10.81% 6、Assume that a bank’s bid rate on Swiss francs is $0.45 and its ask rate is $0.47. Its bid-ask percentage spread is . （ B ） A、about 4.44% B、about 4.26% C、about 4.03% D、about 4.17% D、sell marks 90 days from now at the spot rate. 7、A large increase in the income level in France along with no growth in