国际金融全英试题及答案.docx

国际金融全英试题及答案

姓名：____________________

一、选择题（每题2分，共20分）

1.Thebalanceofpaymentsisarecordofalltheeconomictransactionsbetweenresidentsofacountryandtherestoftheworld.Whichofthefollowingisnottypicallyincludedinthebalanceofpayments?

A.Tradeingoods

B.Tradeinservices

C.Transferpayments

D.Investmentinrealestate

2.Whichofthefollowingisafinancialmarketwherecurrenciesaretraded?

A.Stockmarket

B.Bondmarket

C.Foreignexchangemarket

D.Commoditymarket

3.Theinterestrateparityconditionstatesthatthedifferenceininterestratesbetweentwocountriesshouldbeequaltotheexpectedchangeintheexchangeratebetweentheircurrencies.Thisconceptisbasedonthetheoryof:

A.Purchasingpowerparity

B.Interestrateparity

C.InternationalFishereffect

D.Lawofoneprice

4.Whichofthefollowingisatypeofforeignexchangeriskthatoccurswhenafirmsassetsandliabilitiesaredenominatedindifferentcurrencies?

A.Transactionrisk

B.Translationrisk

C.Economicrisk

D.Alloftheabove

5.Whichofthefollowingisafinancialinstrumentthatcanbeusedtohedgeagainstexchangeraterisk?

A.Forwardcontract

B.Option

C.Swap

D.Alloftheabove

6.TheBrettonWoodssystemwasestablishedafterWorldWarIItopromotestabilityintheinternationalfinancialsystem.Whichofthefollowingwasakeyfeatureofthesystem?

A.Fixedexchangerates

B.Freetrade

C.Goldstandard

D.Freecapitalmobility

7.Whichofthefollowingisameasureoftheaveragevalueofonecurrencyrelativetoanother?

A.Exchangerate

B.Interestrate

C.Inflationrate

D.GDP

8.Thespotexchangerateistherateatwhichtwocurrenciescanbeexchangedimmediately.Theforwardexchangerateistherateatwhichtwocurrenciescanbeexchangedatafuturedate.Whichofthefollowingistrueabouttherelationshipbetweenthespotandforwardexchangerates?

A.Theforwardrateisalwayshigherthanthespotrate.

B.Theforwa