Quiz for Chapter 12
Ⅰ. Fill the following blanks with the proper word or expression
1. Y-( )=CA
2、National income equals GNP less ( ),plus ( ),less ( ).
3. GNP equals GDP ( ) net receipts of factor income from the rest of the world.
4. The national income identity for an open economy is ( ).
5. When a country 's exports exceed its imports, we say the country has a current account ( ).
6. The current account includes ( )
键盘上的键的各个用途
7. Any transaction resulting in a payment to foreigners is entered in the balance of payment account as a ( ).
8. In a clod economy, national saving always equals ( ).
9.When official rerves increa, this will be recorded in the ( ), with ( )sign.
10. When debit is bigger than net decrea of the rerve, the difference will go to the ( ).
Ⅱ. True or fal
1. The balance of payments accounts always balance in practice as they must in theory.( )
2. Net unilateral transfers are considered part of the current accounts but not a part of national income .( )
3. The GNP a country generates over some time period must equal its national income ,the income earned in that period by its factors of production. ( )
4. When you buy a share of Microsoft stock , you are buying neither a good or a rvice ,
so your purcha do not show up in GNP. ( )
5. If the government deficit ris and private saving and investment do not change much ,the current account surplus must fall by roughly the same account as the increa in the fiscal deficit. ( )
6. We include income on foreign investment in the current account becau that income really is compensation for the rvices provided by foreign investments.( )
7. Remember that foreign borrowing may not always be a bad idea :a country that borrows abroad to undertake profitable domestic investment can pay its creditors and still have money left over.( )
8. Government agencies including central banks can freely hold foreign rerves and intervene officiallyin exchange market.( )
9. When the United States lends abroad, a payment is made to foreigners and the capital account is credited.
10. One reason intervention is important is that central banks u it as a way of altering the amount of money in circulation.
Ⅲ. Answer the following questions:
1.Why account keepers adds the account a statistical discrepancy to the balance of payment?
2.The nation of Pecunia had a current account deficit of 体育教学设计模板＄1 billion and a nonrerve financial account surplus of ＄550 million in 2005.
(1)What was the balance of payments of Pecunia in that year? What happened to the country’s net foreign asts?
(2)Assume that foreign central banks neither buy nor ll Pecunian asts. How did the Pecunian central banks had purchad ＄60轻音乐排行榜0 million of Pecunian asts in 2005? How would this official intervention show up in the balance of payments accounts?小学作文题目
(3)How would your answer to (2) change if you learned that foreign central banks had purchad enter foreign balance of payments accounts?
Ⅳ. Fill the following blanks:
China's balance of payment in 2000
三个月亮 Unit US dollar (million)
| Balance |
Current Account | |
Goods | 34473 |
Services | -5600 |
关公赴会歇后语下一句 Income | -14665 |
Unilateral Transfer | 6311 |
Capital Account | |
Direct investment | 37482 |
Portfolio investment | 与君同归-3990 |
Other capital | -31534 |
Statistical Discrepancy | |
Official Rerve | -11929 |
| |
Quiz for Chapter 13
Ⅰ. Fill the following blanks with the proper word or expression
1. Changes in exchange rates are described asor .
2. Foreign exchange deals sometimes specify a value date farther away than two-days-30 days, 90days, 180 days, or even veral years. The exchange rates quoted in such transactions are called
3. is the most liquid of asts
4. The ea with which the ast can be sold or exchange for goods, we call the character is
5. A foreignis a spot sale of a currency combined with a forward repurcha of the currency.
6. The foreign exchange market is inwhen deposits of all currencies offer the same expec同桌的拼音
ted rate of return.
7. The price of one currency in terms of another is called an
8. All el equal, ain the expected future exchange rate caus a ri in the current exchange rate.
