资源描述：
《2012-2013学年二学期国际金融期末考试试卷(B卷)答案》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、天津商业大学2012-2013学年二学期课程考试试卷答案(B卷)课程名称：｛课程名称｝考试时间：120分钟年级：xxx级专业：xxx题目部分，（卷面共有17题，100分，各大题标有题量和总分）一、名词解释（5小题，共20分）1、Anoptionwhoseexercisepriceisthesameasthespotpriceoftheunderlyingcurrency2、Afinancialstatementsummarizingtheflowofgoods,services,andinvestmentfundsbetweenresidentsofagivencountryandreside
2、ntsoftherestoftheworld.3、Ifthelawofonepriceweretrueforallgoodsandservices,thepurchasingpowerparityexchangeratecouldbefoundfromanyindividualsetofprices.Bycomparingthepricesofidenticalproductsdenominatedindifferentcurrencies,onecoulddeterminethe“real”orPPPexchangeratewhichshouldexistifmarketswereeffic
3、ient.Thisistheabsoluteversionofthetheoryofpurchasingpowerparity.AbsolutePPPstatesthatthespotexchangerateisdeterminedbytherelativepricesofsimilarbasketsofgoods.4、Theprocesswherebyaninvestorearnsarisk-freeprofitby(1)borrowingfundsinonecurrency,(2)exchangingthosefundsinthespotmarketforaforeigncurrency,
4、(3)investingtheforeigncurrencyatinterestratesinaforeigncountry,(4)sellingforward,atthetimeoforiginalinvestment,theinvestmentproceedstobereceivedatmaturity,(5)usingtheproceedsoftheforwardsaletorepaytheoriginalloan,and(6)sustainingaremainingprofitbalance.5、Acurrencydepositedinabanklocatedinacountryoth
5、erthanthe试卷答案第10页（共10页）countryissuingthecurrency.二、简答题（7小题，共42分）1、Inacurrencyboardarrangement,thecountryissuesitsowncurrencybutthatcurrencyisbacked100%byforeignexchangeholdingsofahardforeigncurrency—usuallytheU.S.dollar.Indollarization,thecountryabolishesitsowncurrencyandusesaforeigncurrency,suchast
6、heU.S.dollar,foralldomestictransactions.2、Quiteobviouslythemerchandiseinvolvedintheimportorexportofmarijuana,heroin,cocaine,orotherdrugsisnotreportedtocustomsofficialsandsodoesnotappearinthegoodssectionofthecurrentaccount.Forsimilarreasons,thecashpaymentsusedtofinanceterroristsarenotreportedinthecur
7、renttransferssectionofthecurrentaccount.Theoppositesidetoanyofthesetransactionsischangesinbankbalancesheldbyforeignersorforeignbankbalancesheldbyhomecountryresidents.Theseareusuallyreported,butonlyint
