金融市场与金融机构（原书第9版）题库chapter 15.docVIP

PAGE 21 Copyright ? 2018 Pearson Education, Inc. Financial Markets and Institutions, 9e (Mishkin) Chapter 15 The Foreign Exchange Market 15.1 Multiple Choice 1) American firms became less competitive compared to foreign firms during the 1980s because A) the quality and productivity of American workers declined. B) foreign firms were younger than American firms and as a result had more modern facilities that made use of the latest technology. C) the U.S. dollar became worth more in terms of foreign currencies. D) the U.S. dollar became worth less in terms of foreign currencies. Answer: C Topic: Chapter 15.1 The Foreign Exchange Market Question Status: Previous Edition 2) A spot transaction in the foreign exchange market involves the A) exchange of exports and imports at a specified future date. B) exchange of bank deposits at a specified future date. C) immediate (within two days) exchange of exports and imports. D) immediate (within two days) exchange of bank deposits. Answer: D Topic: Chapter 15.1 The Foreign Exchange Market Question Status: Previous Edition 3) Forward exchange rates A) involve the immediate exchange of bank deposits. B) involve the exchange of bank deposits at some specified future date. C) involve the immediate exchange of imports and exports. D) none of the above. Answer: B Topic: Chapter 15.1 The Foreign Exchange Market Question Status: Previous Edition 4) When the value of the British pound changes from $1.50 to $1.25, the pound has ________ and the dollar has ________. A) appreciated; appreciated B) depreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated Answer: B Topic: Chapter 15.1 The Foreign Exchange Market Question Status: Previous Edition 5) When the value of the dollar changes from ￡0.50 to ￡0.75, the pound has ________ and the dollar has ________. A) appreciated; appreciated B) depreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated Answer: B Topic: Chapt