国际金融模拟考试题北京科技大学经济管理学院金融系PartPartPartPart1111MultipleMultipleMultipleMultiplechoicechoicechoicechoicequestions:questions:questions:questions:Thereare80questionsinthispart.Pleasechooseonebestchoiceformthefourchoicesgivenforeachquestion.0.5pointforeachquestion1.Whenmeasuredasamultipleofworldexportsofgoods,foreignexchangeturnoverin2007wasapproximately:A.12:1.B.38:1.C.61:1.D.D.D.D.99990:1.0:1.0:1.0:1.2.ThebalanceofpaymentssystemA.isanothermethodforcalculatingGDP.B.insuresthatthenetexportsarealwaysequaltozero.C.C.C.C.measuresmeasuresmeasuresmeasuresthethethethetotaltotaltotaltotalvaluevaluevaluevalueofofofofaaaadomesticdomesticdomesticdomesticeconomy'seconomy'seconomy'seconomy'stransactionstransactionstransactionstransactionswithwithwithwiththethethetherestrestrestrestofofofofthethethetheworld.world.world.world.D.attemptstolimitthefluctuationininternationalexchangerates.3.Acurrentaccountdeficitinacountryis:A.necessarilybadbecauseitrepresentsalackofdomesticsaving.B.necessarilygoodbecauseitrepresentsforeignsavingsinthatcountry.C.necessarilybadbecauseitunderminesthatcountry'sabilitytoexperienceeconomicgrowth.D.D.D.D.isisisisneitherneitherneitherneithergoodgoodgoodgoodnornornornorbad.bad.bad.bad.4.ThebalanceonmerchandisetradeisacomponentofA.A.A.A.thethethethecurrentcurrentcurrentcurrentaccount.account.account.account.B.thecapitalaccount.C.foreigndirectinvestment.D.portfolioinvestment.5.AdebitentryinthebalanceofpaymentsaccountsrepresentsA.atransactionthatincludesapaymentfromabroadadomesticresident.B.B.B.B.aaaatransactiontransactiontransactiontransactionthatthatthatthatincludesincludesincludesincludesaaaapaymentpaymentpaymentpaymentabroadabroadabroadabroadbybybybyaaaadomesticdomesticdomesticdomesticresident.resident.resident.resident.C.adecreaseinthecurrentaccountdeficit.D.anincreaseinthecapitalaccountsurplus.6.ForeigndirectinvestmentisacomponentofA.portfolioinvestment.B.thecurrentaccount.C.totaltradeinservices.D.D.D.D.thethethethecapitalcapitalcapitalcapitalaccount.account.account.account.7.PurchasesofstockthataretoosmalltoobeconsideredforeigndirectinvestmentareclassifiedasA.depreciation.B.investmentspending.C.C.C.C.portfolioportfolioportfolioportfolioinvestment.investment.investment.investment.D.capitalinvestment.8.Amarketthatinvolvestheimmediatesaleorpurchaseofanassetisknownasa(n)A.currencymarket.B.bondmarket.C.C.C.C.spotspotspotspotMarket.Market.Market.Market.D.freemarket.9.AnAmericantouristisplanningtovisitMexico.Theexchangerateatwhichthetouristcanbuypesosinaretailbankisthe:A.bidprice.B.B.B.B.askaskaskaskprice.price.price.price.C.forwardrate.D.crossrate.10.SupposethebidpriceofBritishpoundsis$1.49U.S.,andtheaskpriceis$1.51U.S.Whatisthebidaskmargin?A.0.02%B.0.99%C.1.01%D.D.D.D.1.32%1.32%1.32%1.32%11.Anexchangeratethatisweightedbytheshareofeachpartnerinanation'stradeisanexampleofaA.spotexchangerate.B.B.B.B.effectiveeffectiveeffectiveeffectiveexchangeexchangeexchangeexchangerate.rate.rate.rate.C.nominalexchangerate.D.realexchangerate.12.TheSpecialDrawingRight(SDR)isaA.meansbywhichbanksoffertheirbestclientspreferentialloanrates.B.preliminaryformoftheproposedcommoncurrencyinEurope.C.C.C.C.compositecompositecompositecompositecurrencycurrencycurrencycurrencycreatedcreatedcreatedcreatedbybybybythethethetheInternationalInternationalInternationalInternationalMonetaryMonetaryMonetaryMonetaryFund.Fund.Fund.Fund.D.typeofbankaccountusedbycurrencytraders.13.AnincreaseinthedemandforFrenchgoodsandserviceswill:A.A.A.A.induceinduceinduceinduceaaaarightwardrightwardrightwardrightwardshiftshiftshiftshiftininininthethethethedemanddemanddemanddemandforforforforeuros.euros.euros.euros.B.inducealeftwardshiftinthedemandforeuros.C.resultinaleftwardmovementalongthedemandcurveforeuros.D.resultinaleftwardmovementalongthedemandcurveforeuros.14.IfthepriceofapairofshoesintheU.S.is$80,thepriceofthesamepairofshoesinGermanyis€120,andtheexchangerateis1.5$/€,theeuro:A.iscorrectlyvaluedaccordingtoPPP.B.B.B.B.isisisisovervaluedovervaluedovervaluedovervaluedaccordingaccordingaccordingaccordingtotototoPPP.PPP.PPP.PPP.C.isundervaluedaccordingtoPPP.D.correctlyvaluedaccordingtorelativePPP.15.TheprinciplefunctionoftheInternationalMonetaryFundwasoriginallytoA.A.A.A.lendlendlendlendtotototomembermembermembermembernationsnationsnationsnationsexperiencingexperiencingexperiencingexperiencingaaaashortageshortageshortageshortageofofofofforeignforeignforeignforeignexchangeexchangeexchangeexchangereserves.reserves.reserves.reserves.B.financepostwarreconstruction,particularlyinEuropeandJapan.C.reducetradebarriersandsettledisputesamongcountriesrelatingtocurrencynegotiations.D.actasasupranationalregulatoryagencyfordomesticcentralbanks.16.UndertheBrettonWoodssystem,mostofthemajorcurrenciesofthesystem,otherthantheU.S.dollar,A.peggedtheirvaluesagainstthevalueofanounceofgold.B.B.B.B.peggedpeggedpeggedpeggedtheirtheirtheirtheirvaluesvaluesvaluesvaluesagainstagainstagainstagainstthethethethevaluevaluevaluevalueofofofofthethethethedollar.dollar.dollar.dollar.C.allowedtheircurren