国际金融financetestbank4教学文案.pdfVIP

国 际 金 融 Fi na n c e Te s t Ba n k 4 精品文档 Chapter 4 — Exchange Rate Determination 加息会降低通货膨胀 本国货币就增值 涨价了，出口就会减少 进口就会增加 1. The value of the Australian dollar (A$) today is $0.73. Yesterday, the value of the Australian dollar was $0.69. The Australian dollar ____ by ____%. a. depreciated; 5.80 b. depreciated; 4.00 c. appreciated; 5.80 d. appreciated; 4.00 ANS: C SOLUTION: ($0.73 $0.69)/$0.69 = 5.80% PTS: 1 2. If a currencys spot rate market is ____, its exchange rate is likely to be ____ to a single large purchase or sale transaction. a. liquid; highly sensitive b. illiquid; insensitive c. illiquid; highly sensitive d. none of the above. 收集于网络，如有侵权请联系管理员删除 精品文档 ANS: C PTS: 1 3. ____ is not a factor that causes currency supply and demand schedules to change. a. Relative inflation rates b. Relative interest rates c. Relative income levels d. Expectations e. All of the above are factors that cause currency supply