国际金融（英文版）智慧树知到期末考试答案2024年.docxVIP

国际金融（英文版）智慧树知到期末考试答案2024年

国际金融（英文版）

Official?intervention?in?the?foreign?exchange?market?to?defend?a?fixed?exchange?rate?when?the?value?of?the?country’s?currency?is?under?downward?pressure?causes:(?)

A:the?domestic?money?supply?to?fall.B:international?reserve?holdings?to?rise.C:an?increase?in?the?liabilities?of?the?central?bank.D:a?downward?pressure?on?the?country’s?interest?rates.

答案:c

The?central?feature?of?the?Bretton?Woods?system?was(?)

A:the?use?of?an?adjustable?pegged?exchange?rate?regime.B:the?use?of?a?floating?exchange?rate?regime.C:the?use?of?capital?controls.D:official?encouragement?for?one-way?speculative?gambles.

答案:a

If?a?currency?is?at?a?forward?premium?by?as?much?as?its?interest?rate?is?lower?than?the?interest?rate?in?the?other?country,?covered?interest?parity?holds.?（?）

A:正确B:错误

答案:正确

“Dollarization”?can?be?classified?as?a?form?of?a?fixed?exchange?rate.（?）

A:正确B:错误

答案:正确

The?asset?market?approach?seeks?to?explain?exchange?rates?by?focusing?on?demands?and?supplies?of?national?moneys.?（?）

A:正确B:错误

答案:错误

A?central?bank?can?sterilize?the?increase?in?the?money?supply?that?results?from?an?intervention?to?defend?a?fixed?exchange?rate?by?selling?domestic?government?bonds.（?）

A:错误B:正确

答案:正确

Monetary?policy?is?more?effective?with?fixed?exchange?rates?than?with?floating?exchange?rates.（?）

A:错误B:正确

答案:错

The?expansionary?fiscal?policy?under?a?flexible?exchange?rate?regime?will?appreciate?the?country’s?currency?and?worsen?the?current?account?and?national?income.（?）

A:错误B:正确

答案:正确

The?amount?of?price?inflation?that?the?economy?experiences?eventually?depends?on?the?size?of?the?spending?multiplier.（?）

A:正确B:错误

答案:错

With?respect?to?exchange?rates,?the?1997?Asian?currency?crisis?caused?the?Thai,?Malaysian,?Indonesian,?and?Korean?governments?to?give?up?their?pegged?or?heavily?managed?exchange?rates?and?move?to?floating?exchange?rates.（?）

A:正确B:错误

答案:正确

In?the?long?run,?a?country?with?a?relatively?high?inflation?rate?tends?to?have?a?depreciating?currency.??