CHAPTER_12_EXCHANGE_RATE_DETERMINATION

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1、1. Therelationshipbetweentheexchangerateandthepricesoftradablegoodsisknownasthe: a. Purchasing-power-paritytheory b. Asset-marketstheory c. Monetarytheory d. Balance-of-paymentstheoryANSWER:  aPOINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:Analysis

2、STATE STANDARDS:  UnitedStates-PA-DISC:Internationaltradeandfi-DISC:InternationaltradeandfinanceTOPICS:  InflationRates,Purchasing-Power-Parity,andLongRunExchangeRatesKEYWORDS:  BLOOM'S:Comprehension2. IftheexchangeratebetweenSwissfrancsandBritishpoundsis5francsperpound,thenthenumberofpoundsthatc

3、anbeobtainedfor200francsequals: a. 20pounds b. 40pounds c. 60pounds d. 80poundsANSWER:  bPOINTS:  1DIFFICULTY:  EasyNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DISC:Internationaltradeandfi-DISC:InternationaltradeandfinanceTOPICS:  Wha

4、tDeterminesExchangeRatesKEYWORDS:  BLOOM'S:Comprehension3. LowrealinterestratesintheUnitedStatestendto: a. Decreasethedemandfordollars,causingthedollartodepreciate b. Decreasethedemandfordollars,causingthedollartoappreciate c. Increasethedemandfordollars,causingthedollartodepreciate d. Increaseth

5、edemandfordollars,causingthedollartoappreciateANSWER:  aPOINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DISC:Internationaltradeandfi-DISC:InternationaltradeandfinanceTOPICS:  DeterminingShortRunExchangeRates

6、:TheAssetMarketApproachKEYWORDS:  BLOOM'S:Comprehension4. HighrealinterestratesintheUnitedStatestendto: a. Decreasethedemandfordollars,causingthedollartodepreciate b. Decreasethedemandfordollars,causingthedollartoappreciate c. Increasethedemandfordollars,causingthedollartodepreciate d. Increaseth

7、edemandfordollars,causingthedollartoappreciateANSWER:  dPOINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DISC:Internationaltradea