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《International Finance》试卷A
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一．单项选择题（共10小题，每题2分，共20分）
1.Which of the following is not true：
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A.a credit is a flow for which the country is paid
只为找到你B.a debit is a flow for which the country must pay
C.Exports are an example of credit
D.Imports are an example of credit
2.Which of the following is the most exact meaning of current account balance：登天的感觉
A.the net value of the flows of goods，rvices，income
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B.the net value of the flows of goods，rvices
C.the net value of the flows of goods，rvices，income，gifts
D.the net value of the flows of goods
3.Which of the following is not true：
A.the spot exchange rate is the price for "immediate" exchange
B.for most countries,spot exchange rate means exchange or delivery in two working days
C.the forward exchange rate is the price now for an exchange that will take place in the future
D.forward exchange rate is the price that is agreed in the future
4.According to exchange rate system,which of the following is true:
A.fixed exchange rate system is the system without intervention by government or central banks
B.under the floating-rate system a fall in the market price of a currency is called a devaluation
C.under the floating-rate system a fall in the market price of a currency is called a appreciation
D.under the floating-rate system a fall in the market price of a currency is called a depreciation
5.About IS curve,Which of the following is not true:
A.IS curve is for which the money market is in equilibrium
B.IS curve slopes downward
C.According to IS curve,the lower interest rate would induce the nation to invest in more domestic
real capital
D.IS stands for investment-saving
6.About LM curve,Which of the following is true:
A.the LM curve is for which the product market is in equilibrium
B.the interction of the IS and LM curve reprents equilibrium in both foreign exchange market and product market
C.the official ttlements balance is surplus if the IS-LM interction is to the left of the FE curve
D.LM curve slopes downward
7.Which of the following is not the components to a country's official rerve asts:
A.the country's holdings of foreign exchange asts denominated in the major currencies of the
world
B.the country's rerve position with the International Monetary Fund
C.the country's holdings of special drawing rights
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D.the country's government bonds issued by the domestic central bank
8.Which of the following is not the ways to resolve the financial cris:
A.rescue packages B.global contagion C.debt restructuring D.exchange reform
9.According to Purchasing Power Parity theory(PPP),which of the following is true:
A.rate of appreciation of the foreign currency nearly equates as the inflation rate of foreig
n country
minus the the inflation rate of domestic country
B.relative PPP may be uful as a guide to why exchange rates change over times
C.PPP posits that the difference between interest rate will be offt by the change in the exchange rate
D.relative PPP implies that countries with relatively high inflation rates have currencies who values tend to appreciate
10.According to rescue packages,which of the following is not true:
A.rescue packages leads to less moral hazard
B.the failure of rescue packages can lead to large loss
C.the two major types of international efforts to resolve financial cris have been rescue packages and debt restructuring
D.a large rescue package provide a bailout for lenders
二.判断题(共10小题,每个2分,共20分)注意:只要求判断正误,不要求改正
1.hedging is the act of taking a net ast position or a net liability position in a foreign currency
2.the forward rate is the future spot rate
3.a currency is at a forward premium by as much as its interest rate is lower
4.for an investment in a foreign-curreny-denominated financial ast，part of the return comes from the ast itlf and part from the foreign currency
5.relative PPP implies that countries with relatively high inflation rates have currencies who values tend to depreciate
