最新英文国际金融练习卷Chapter-2
美人为馅3
International Finance
Assignment Problems (2) Name: Student No.:
I. Choo the correct answer for the following questions (only ONE correct answer) (5 credits for each question, total credits 4 x 15 = 60)
1. According to the principle of the balanced balance of payments, if a country reduces its foreign exchange rerves by $20 million and the statistical discrepancy is in the credit entry of $5 million in a given period of time, the country runs __________ of its balance of payments during that period of time.
A. $15 million deficits
B. $25 million deficits
C. $20 million deficits
D. $5 million deficits
2. If a country’s domestic saving is greater than domestic investment, the country probably has __________.
A. a current account surplus
B. a net capital outflow
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安静的英语C. a current account deficit
D. Both A and B are possible.
3. A debit entry in the balance-of-payments account reprents a transaction that __________.
A. a domestic resident receives a payment from abroad
B. a domestic resident makes a payment to a foreign resident
C. will improve the current account status
D. will have no affects on the nation’s foreign exchange rerves
4. In terms of balance-of-payments account, which of the following would be recorded as a debit entry in the U.S. BOP?
英国大学排名榜A. exports of merchandi
B. exports of rvices
C. purcha of the U.S. Treasury bonds by non-residents
D. an increa of the deposit in a U.S. resident's account at a foreign bank
5. A balance-of-payments deficit is defined as a situation in which __________.
A. the value of payments made to the foreigners exceeds the value of receipts received from the foreigners in a given period of time
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B. the government must borrow in order to meet its budget obligations
C. the value of manufactured good exports is less than the value of imported goods
D. a nation earns much in extra asts or reduced liabilities in its dealings with the
rest of the world
6. Which of the following would NOT be considered as a typical BOP transaction?
A. Toyota USA is a US distributor of automobiles manufactured in Japan by its parent company.
什么张什么望B. A U.S. subsidiary of European financial giant, Credit Suis, pays dividends to its parent in Zurich.
C. A US tourist purchas gifts at a muum in London.
D. All are example of BOP transactions.
7. The balance of payments is a statistical record which measures the total value of __________.
A. a country’s foreign exchange rerves in a certain period of time
B. a country’s foreign trades between the residents of a country and its non-residents for a given period of time
C. all economic and financial transactions between the residents of a country and its non-residents for a given period of time
D. a country’s capital inflows and outflows at a part icular date in a given year山药
8. A British pension fund lls some of its holdings of the stocks of U.S. companies in order to buy U.S. corporate bonds. This transaction will affect __________.
A. the U.S. international investment position
B. the British international investment position
C. both countries’ international investment position
D. None of the above. This is becau both countries’ international investment position unchanged, only the composition of foreign investments in both U.S. and U.K. changes.
9. Which of the following transactions is included in China’s balance-of-payments account?
A. A U.S. embassy in Beijing pays salaries to its American staffs.
B. The World Bank furnishes the Chine government with a loan.
C. A U.S. student pays tuition fees for his 4 year-study in Beijing University.
D. The Chine embassy in Washington buys telecommunication equipments from
a Chine company in Shanghai.
10. If the U.S. runs current account deficits, we can expect that __________.
A. it may act as a net debtor in the rest of the world
B. its domestic saving may less than its domestic investment
C. its domestic production is less than its domestic consumption
D. all of the above
11. The trade deficit means that __________.
A. residents are importing more goods than they are exporting
B. residents are borrowing more funds than they are lending
C. residents are receiving more payments than they are making
D. residents are producing more goods than they are consuming
