INTERNATIONAL FINANCE
Assignment Problems (7) Name: Student#:
I. Choo the correct answer for the following questions (only correct answer) (4 credits for each question, total credits 3 x 21 = 63)
1. __________ are domestic currencies of one country on deposit in other countries.
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A. LIBORs
B. Eurobonds
C. Eurocurrencies
D. Euronotes
2. Eurocredits are __________.
A. bank loans to MNCs or others denominated in a currency other than that of a country wh
ere the bank is located
B. typically variable rates which are tied to the LIBOR
C. usually for maturities of six months or less
D. all of the above are true
3. A Japane firm had chon to deposit money in a German bank and have it denominated in Japane yen, this is an example of a __________ deposit.
A. Eurobond
B. Euronote
C. Euroyen
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4. If a bond is issued by a domestic borrower, denominated by domestic currency, market
ed and regulated by domestic monetary authorities, this is a __________.
A. foreign bond
B. Eurobond
C. domestic bond
D. global bond
5. A bond that trades in the Eurobond market as well as in one or more national bond markets is a __________.
A. Eurobond
B. global bond
C. foreign bond
D. domestic bond
6. __________ are issued in a domestic market by a foreign borrower, denominated in domestic currency, marketed to domestic residents, and regulated by domestic authorities.
A. foreign bonds
B. Eurobonds
C. domestic bonds
D. Yankee bonds
7. The Federal National Mortgage Association (Fannie Mae) issued a dollar-denominated bond with a 7.25% annual coupon and a maturity date in 2030 to non-U.S. investors in an external market. This bond is typically a __________.
A. foreign bond
B. Eurobond
C. domestic bond
D. Yankee bond
8. A euro-denominated loan is traded in Eurocurrency market. This loan is called __________.
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A. euro loan
B. Euroeuro loan
C. foreign euro loan
D. none of the above
9. Which of the following is true for a Eurocurrency market?
A. A Eurocurrency market is not subject to any countries’ interest rate regulations.
B. A Eurocurrency market does not need to meet any countries’ rerve requirements.
C. A Eurocurrency market enjoys the privilege of free flow of capitals
D. All of the above must be true
10. Citigroup in Los Angeles borrows a Canadian dollar-denominated deposit from Union Bank of Switzerland (UBS) in Geneva. This is a __________ deposit.
A. Euronote
B. Euro-Swiss franc
C. Euro-Canadian dollar
成人高考英语作文范文D. Eurobond
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11. Which of the following is NOT true about the original Eurodollar?
A. The Soviet Union maintained dollar-denominated deposits in U.S. banks in the early 1950s. The Soviet government feared that U.S. might freeze tho deposits becau of the Cold War.
B. The Soviet Union moved tho dollars to banks in London.
C. Since the dollars were in Europe, they were called “Eurodollars”.
D. The Soviet Union worried that the U.S. would not convert the U.S. dollar into the gold as promid.
12. There are many ways to classify financial markets. The category of money market and capital market is made according to __________.恶作剧英文
A. whether or not they are regulated by a single country
B. whether or not a financial intermediary stands between borrowers and savers
C. the maturity of the financial asts and liabilities
D. the participants of the markets
13. A __________ is an agreement in which a borrower lls his T-bills to a bank and promis to buy them back later at an agreed price.
A. commercial paper
B. repo
C. banker’s acceptanceattacker
D. negotiable certificate of deposit
14. Accepted drafts refer to tho time drafts issued by __________ and promid to pay by __________ at maturity.
A. an investor; a bank
B. a firm; a bank
C. a bank; a firm
D. a bank; an investor
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15. Which of the following did NOT contribute to the prosperity of the Eurodollar market?
A. incread regulation of banking activities prevailed in 1960s in U.S.
B. easy access to U.S. capital market by foreign investors
C. huge dollar income of OPEC countries in 1970s
D. tremendous growth of international trade and investment
16. The most frequent quoted rate on Eurocurrency market is the __________.
A. U.S. T-bill rate
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C. LIBOR
D. Federal funds’ rate
17. Which of the following is NOT a feature of the Eurobond?
A. Eurobonds are usually issued in bearer form.
B. Eurobonds are “straight” bonds.
