国际金融Finance_Test_Bank_6

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1、Chapter6—GovernmentInfluenceonExchangeRates1.Toforcethevalueofthepoundtoappreciateagainstthedollar,theFederalReserveshould:a.selldollarsforpoundsintheforeignexchangemarketandtheEuropeanCentralBank(ECB)shouldselldollarsforpoundsintheforeignexchangemarket.b.sellpounds

2、fordollarsintheforeignexchangemarketandtheEuropeanCentralBank(ECB)shouldselldollarsforpoundsintheforeignexchangemarket.c.sellpoundsfordollarsintheforeignexchangemarketandtheEuropeanCentralBank(ECB)shouldnotintervene.d.selldollarsforpoundsintheforeignexchangemarketan

3、dtheEuropeanCentralBank(ECB)shouldsellpoundsfordollarsintheforeignexchangemarket.ANS:APTS:12.Aweakdollarisnormallyexpectedtocause:a.highunemploymentandhighinflationintheU.S.b.highunemploymentandlowinflationintheU.S.c.lowunemploymentandlowinflationintheU.S.d.lowunemp

4、loymentandhighinflationintheU.S.ANS:DPTS:13.Astrongdollarisnormallyexpectedtocause:a.highunemploymentandhighinflationintheU.S.b.highunemploymentandlowinflationintheU.S.c.lowunemploymentandlowinflationintheU.S.d.lowunemploymentandhighinflationintheU.S.ANS:BPTS:14.Tof

5、orcethevalueoftheBritishpoundtodepreciateagainstthedollar,theFederalReserveshould:a.selldollarsforpoundsintheforeignexchangemarketandtheBankofEnglandshouldselldollarsforpoundsintheforeignexchangemarket.b.sellpoundsfordollarsintheforeignexchangemarketandtheBankofEngl

6、andshouldselldollarsforpoundsintheforeignexchangemarket.c.sellpoundsfordollarsintheforeignexchangemarketandtheBankofEnglandshouldsellpoundsfordollarsintheforeignexchangemarket.d.selldollarsforpoundsintheforeignexchangemarketandtheBankofEnglandshouldsellpoundsfordoll

7、arsintheforeignexchangemarket.ANS:CPTS:15.Considertwocountriesthattradewitheachother,calledXandY.Accordingtothetext,inflationinCountryXwillhaveagreaterimpactoninflationinCountryYunderthe____system.Now,considertwoothercountriesthattradewitheachother,calledAandB.Unemp

8、loymentinCountryAwillhaveagreaterimpactonunemploymentinCountryBunderthe____system.a.floatingrate;fixedrateb.floatingrate;floatingratec.fix