國際金融-國際金融雙語試卷【大學(xué)考試試題】

1、國際金融國際金融-國際金融雙語試卷【大學(xué)考試試題】院院International Finance試卷 A題號分?jǐn)?shù)題號分?jǐn)?shù)一二三四五總分線一單項選擇題（共 10 小題，每題 2 分，共 20 分）1.Which of the following is not true：A.a credit is a flow for which the country is paidB.a debit is a flow for which the country must pay：C.Exports are an example of credit名D.Imports are an example of cr

2、edit姓2.Which of the following is the most exact meaning of current account A.the net value of the flows of goods，services，incomeB.the net value of the flows of goods，services訂C.the net value of the flows of D.the net value of the flows of goodsWhich of the following is not the spot exchange rate is

3、the price for immediate exchangefor most countries,spot exchange rate means exchange or delivery in two working daysthe forward exchange rate is the price now for an exchange that will take place in the futureforward exchange rate is the price that is agreed in the future：4.According to exchange rat

4、e system,which of the following is true:級A.fixed exchange rate system is the system without intervention by government or central banks 班B.under the floating-rate system a fall in the market price of a currency is called a devaluation 業(yè)專C.under the floating-rate system a fall in the market price of

5、a currency is called a appreciationD.under the floating-rate system a fall in the market price of a currency is called a depreciation裝5.About IS curve,Which of the following is not true:IS curve is for which the money market is in equilibriumIS curve slopes downwardAccording to IS curve,the lower in

6、terest rate would induce the nation to invest in more domestic real capitalIS stands for investment-savingAbout LM curve,Which of the following is true:the LM curve is for which the product market is in equilibrium：B.the intersection of the IS and LM curve represents equilibrium in both foreign exch

7、ange market系and product marketC.the official settlements balance is surplus if the IS-LM intersection is to the left of the FE curve D.LM curve slopes downwardWhich of the following is not the components to a countrys official reserve assets:the countrys holdings of foreign exchange assets denominat

8、ed in the major currencies of the worldthe countrys reserve position with the International Monetary Fundthe countrys holdings of special drawing rightsthe countrys government bonds issued by the domestic central bank 8.Which of the following is not the ways to resolve the financial crises:A.rescue

9、packagesB.global contagionC.debt restructuringD.exchange 9.According to Purchasing Power Parity theory(PPP),which of the following is true:rate of appreciation of the foreign currency nearly equates as the inflation rate of foreign country minus the the inflation rate of domestic countryrelative PPP

10、 may be useful as a guide to why exchange rates change over timesC.PPP posits that the difference between interest rate will be offset by the change in the exchange rateD.relative PPP implies that countries with relatively high inflation rates have currencies values tend to appreciate10.According to

11、 rescue packages,which of the following is not true:rescue packages leads to less moral hazardthe failure of rescue packages can lead to large lossesthe two major types of international efforts to resolve financial crises have been rescue packages and debt restructuringD.a large rescue package provi

12、de a bailout for lenders二.判斷題(共 10 小題,每個 2 分,共 20 分)注意:只要求判斷正誤,不要求改正1.hedging is the act of taking a net asset position or a net liability position in a foreign currency 2.the forward rate is the future spot rate3.a currency is at a forward premium by as much as its interest rate is lowerfor an inve

13、stment in a foreign-curreny-denominated financial asset，part of the return comes from the asset itself and part from the foreign currencyrelative PPP implies that countries with relatively high inflation rates have currencies whose values tend to depreciateAbsolute PPP is not related to the law of o

14、n price 7.crawling peg is a kind of floating exchange ratethe effects of floating exchange rates on fiscal policy is very clearin the fixed exchange rate system,if the countrys official settlement balance is in deficit,so the國際金融國際金融-國際金融雙語試卷【大學(xué)考試試題】： 系院： 系院exchange rate value of the countryscurrenc

15、y is under downward pressure 10.it is best for a country never to borrow from foreign lenders：三.名詞解釋（4 5 20 分）號1.direct investment學(xué)2.managed float3.the law of one price線 4.forward foreign exchange contract四.計算題（共 2 小題，每個 10 分，共 20 分）1.You observe the following current rates： Spot exchange rate：100ye

16、n/1$：Annual interest rate on 60-dayU.S.-dollar-denominated bonds:6%名Annual interest rate on 60-dayJAPAN-dollar-denominated bonds:4%姓Tips:Yen is the name of the Japanese the name of the Ameriacan currency According to the covered parity theory,calculate the 60-day forward exchange rate.訂 2.Suppose an

17、 economy has a marginal propensity to save of 0.3 and marginal propensity to import of 0.1.here is an increase of $2 billion in government spending.Question1:According to the spending multiplier,for a small and open economy,by how much will domestic product increase?Question2:if instead this is a cl

18、osed economy with a marginal propensity to save of 0.4,if the increase of government spending is still $2 billion,by how much will domestic product increase?：五.問答題（2 10 20 分）級1.Once a countrys government has decided to have a fixed exchange rate,the government must班業(yè)defend that rate.How does the government defend the fixed rate ?Answer five ways that gover