国际金融试题及答案双语.docVIP

国际金融试题及答案双语

一、单项选择题（每题2分，共10题）

1.Whichofthefollowingisakeyfunctionoftheforeignexchangemarket?

A.Toprovideaplatformforspeculation.

B.Tofacilitateinternationaltradeandinvestment.

C.Todeterminethedomesticinterestrate.

D.Tocontrolinflationindifferentcountries.

Answer:B

2.Acountryhasacurrentaccountsurplus.Thismeansthat:

A.Ithasadeficitinitscapitalaccount.

B.Itisborrowingmorefromtherestoftheworld.

C.Itisexportingmoregoodsandservicesandreceivingmoreincomefromabroadthanitisimportingandpayingout.

D.Itscurrencyisdepreciating.

Answer:C

3.Theexchangerateregimewherethevalueofacurrencyisfixedintermsofabasketofothercurrenciesiscalled:

A.Fixedexchangerateregime.

B.Floatingexchangerateregime.

C.Crawlingpegregime.

D.Basket-pegregime.

Answer:D

4.Whichofthefollowingisnotafactoraffectingexchangeratesinthelong-run?

A.Relativeproductivitylevels.

B.Interestratedifferentials.

C.Tradepolicies.

D.Preferencesfordomesticvs.foreigngoods.

Answer:B

5.Ifthedomesticinflationrateishigherthantheforeigninflationrate,inthelong-run,wecanexpectthedomesticcurrencyto:

A.Appreciate.

B.Depreciate.

C.Remainunchanged.

D.Fluctuaterandomly.

Answer:B

6.IntheinternationalFishereffect,therelationshipbetweenthenominalinterestrate,realinterestrateandinflationrateisgivenby:

A.Nominalinterestrate=Realinterestrate+Inflationrate.

B.Realinterestrate=Nominalinterestrate+Inflationrate.

C.Inflationrate=Nominalinterestrate-Realinterestrate.

D.Nominalinterestrate=Realinterestrate-Inflationrate.

Answer:A

7.Aforwardexchangecontractis:

A.Anagreementtoexchangecurrenciesatthecurrentspotrateonafuturedate.

B.Anagreementtoexchangecurrenciesatapre-determinedexchangerateonafuturedate.

C.Acontracttobuyforeigncurrencyatthehighestpossibleprice.