国金选择（17
17.1 Why Study Fixed Exchange Rates?
1) There are no questions for this ction.
Answer: TRUE
17.2 Central Bank Intervention and the Money Supply
1) A central bank's international rerves include
C) any gold that it owns and foreign and domestic asts.
金猪储蓄罐 2) The liabilities side of a central bank include
C) deposits held by the private banks and currency in circulation.
3) Which one of the following statements is most true?
眼角有纹 A) Any central bank purcha of asts automatically results in an increa in the domestic money supply, while any central bank sale of asts automatically caus the money supply to decline.
A4)Which one of the following statements is the most true?
A) If central banks are not sterilizing and the home country has a balance of payments surplus, any associated
increa in the home central bank's foreign ast implies an incread home money supply.
5) Which one of the following statements is most true?
C) If central banks are not sterilizing and the home country has a balance of payments surplus, any associated
decrea in a foreign central bank's claims on the home country implies a decread foreign money supply.
17.3 How the Central Bank Fixes the Exchange Rate 1) A system of managed floating exchange rates is
A) a system in which governments may attempt to moderate exchange rate movements without keeping
exchange rates rigidly fixed.
2) Under fixed exchange rate, in general,
A) the domestic and foreign interest rates are equal, R = R .
3) Under fixed exchange rate, in general which one of the following statements is the most accurate?
保险从业 A) The following condition should hold for domestic money market equilibrium: M s/P = L(R, Y). 4) Which one of the following statements is the most accurate?
D) Under a fixed exchange rate, central bank monetary tools are powerless to affect the
economy's money
supply or its output.
5) What is the expected dollar rate of return on dollar deposits with today's exchange rate at $1.10 per euro, next
year's expected exchange rate at $1.165 per euro, the dollar interest rate at 10%, and the euro interest rate at 5%?
A) 10%
17.4 Stabilization Policies with a Fixed Exchange Rate
1) By fixing the exchange rate, the central bank gives up its ability to
E) influence the economy through monetary policy.
2) Fiscal Expansion under a fixed exchange has what effect(s) on the economy:
D) the exchange rate decreas initially but then returns to its original point.
3) When a country's currency is devalued:
B) output increas.
D) the money supply increas.
E) Both B and D.
4) Under fixed rates, which one of the following statements is the most accurate?
C) Monetary policy can affect only international rerves.
5) Under fixed rates, which one of the following statements is the most accurate?
A) Fiscal policy can affect output, employment and international rerves at the same time. 曼彻斯特大学qs
6)Which one of the following statements is the most accurate?
C) Fiscal policy affects employment more under fixed than under flexible exchange rate regimes.
7) Which one of the following statements is the most accurate?
B) Fiscal policy affects output more under fixed than under flexible exchange rate regimes.
8) Which one of the following statements is the most accurate?
B) A devaluation occurs when the central bank rais the domestic currency price of foreign currency, E, and a
1
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revaluation occurs when the central bank lowers E. 蔡方柏
9) Which one of the following statements is the most accurate?
C) Depreciation is a ri in E when the exchange rate floats while devaluation is a ri in E when the exchange
rate is fixed.
10) Which one of the following statements is the most accurate?
B) Appreciation is a fall in E when the exchange rate floats while revaluation is a fall in E when the exchange
rate is fixed.
11) Which one of the following statements is the most accurate?
C) Devaluation reflects a deliberate government decision while depreciation is an outcome of government
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