《国际金融英文版课后答案》.docVIP

International Finance 国际金融 Notes to the answers: 1、All the terms can be found in the text. 2、The discussions can be attained by reading the original text.矚慫润厲钐瘗睞枥庑赖賃軔朧碍鳝。 Chapter 1 Answers: = 2 \* ROMAN II. T T F F F T T = 3 \* ROMAN III. 1. reserve currency 2. appreciate 3. was pegged to 4. deficit 5. fixed exchange rates 6. floating exchange rates 7. depreciate 8. market forces 聞創沟燴鐺險爱氇谴净祸測樅锯鳗。 = 4 \* ROMAN IV. 1. Confidence in the ability of the U.S. to redeem dollars for gold began to fall as potential claims against the dollar increased and U.S. gold reserves fell.残骛楼諍锩瀨濟溆塹籟婭骒東戇鳖。 Under the fixed exchange rate system, the value of the dollar was tied to gold through its convertibility in to gold at the U.S. Treasury, and other nations’ currencies were tied to the dollar by the maintenance of a fixed rate of exchange.酽锕极額閉镇桧猪訣锥顧荭钯詢鳕。 IMF has adjusted its role in the exchange rate system in view of the development of the situation.彈贸摄尔霁毙攬砖卤庑诒尔肤亿鳔。 After the collapse of the Bretton Woods System, the task of “rigorous monitoring” the exchange rate policy of member countries fell on the shoulder of IMF.謀荞抟箧飆鐸怼类蒋薔點鉍杂篓鳐。 Under normal conditions the stabilizing operations were sufficient to contain short-run fluctuations in a currency’s price within the required bounds of 1% of par value and thereby maintain a system of fixed exchange rates.厦礴恳蹒骈時盡继價骚卺癩龔长鳏。 Chapter 2 Answers: = 2 \* ROMAN I. liquid, turnover, due to, hedge, cross trading, electronic broking, outright forwards, Over-the-counter, futures and options, derivatives, remainder.茕桢广鳓鯡选块网羈泪镀齐鈞摟鳎。 = 3 \* ROMAN II.. 1. The fundamental changes occurred in post-war world economy. The international flow of commodities, capital and labor is intensifying, thus leading to integration of international markets.鹅娅尽損鹌惨歷茏鴛賴縈诘聾諦鳍。 Often referred to as “financial institutions with a soul”, credit unions are member-owned cooperatives that offer checking accounts, savings accounts, credit cards, and consumer loa