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国际金融考试单选1、Anincreaseinthecurrentaccountdeficitwillplacepressureonthehomecurrencyvalue,otherthingsequal.（B）A、upwardB、downwardC、noD、upwardordownward2、Ahighhomeinflationraterelativetoothercountrieswouldthehomecountry’scurrentaccountbalance,otherthingsequal.Ahighgrowthinthehomeincomelevelrelativetoothercountrieswouldthehomecountriescurrentaccountbalance,otherthingsequal.（C）A、increase;increaseB、increase;decreaseC、decrease;decreaseD、decrease;increase3、The“Jcurve”effectdescribes（B）A、thecontinuouslong-terminverserelationshipbetweenacountry’scurrentaccountbalanceandthecountry’sgrowthingrossnationalproduct.B、theshortruntendencyforacountry’sbalanceoftradetodeteriorateevenwhileitscurrencyisdepreciating.C、thetendencyforexporterstoinitiallyreducethepriceofgoodswhentheirowncurrencyappreciates.D、thereactionofacountry’scurrencytoinitiallydepreciateafterthecountry’sinflationratedeclines.4、IfaUSfirmdesirestoavoidtheriskfromexchangeratefluctuations,anditisreceiving100,000marksin90days,itcould.(A)A、obtaina90-dayforwardsalecontractonmarks.B、obtaina90-dayforwardpurchasecontractonmarks.C、purchasemarks90daysfromnowatspotrate.5、Assumethespotrateofacurrencyis$0.37andthe90-dayforwardrateis$0.36.Theforwardrateofthiscurrencyexhibitsaofonanannualizedbasis.（D）。A、discount;11.11%B、premium;11.11%C、premium;10.810分1%D、discount;10.81%6、Assumethatabank’sbidrateonSwissfrancsis$0.45anditsaskrateis$0.47.Itsbid-askpercentagespreadis.（B）A、about4.44%B、about4.26%C、about4.03%D、about4.17%D、sellmarks90daysfromnowatthespotrate.7、AlargeincreaseintheincomelevelinFrancealongwithnogrowthintheU.S.incomelevelisnormallyexpectedtocause(assumingnochangeininterestratesorotherfactors)a(n)inFrenchdemandforU.S.goods,andtheFrenchfrancshould.（A）A、increase;depreciateB、increase;appreciateC、depreciate;depreciateD、depreciate;appreciate8、IfU.S.inflationsuddenlyincreasedwhileGermaninflationstayedthesame,therewouldbe.（D）A、anincreasedUSdemandformarksandanincreasedsupplyofmarksforsaleB、adecreasedUSdemandformarksandanincreasedsupplyofmarksforsaleC、adecreasedUSdemandformarksandandecreasedsupplyofmarksforsaleD、anincreasedUSdemandformarksandandecreasedsupplyofmarksforsale9、Assumetransactioncostsarezero.Ifthe180-dayforwardrateisanaccurateestimateofthespotrate180daysfromnow,thentherealcostofhedgingreceivableswillbe(D)A、positiveB、negativeC、uncertainD、zero10、Underamanagedfloatexchangeratesystem,theFedmayattempttostimulatetheUSeconomybythedollar.Suchanadjustmentinthedollar’svalueshouldtheUSdemandforproductsproducedbymajorforeigncountries.（B）A、weakening;increaseB、weakening;decreaseC、strengthening;increaseD、strengthening;decrease