International Financial Management 2nd Edition-Test Bankchapter 4

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1、InternationalFinancialManagement,2e(Bekaert/Hodrick)Chapter4TheBalanceofPayments4.1MultipleChoiceEasy1)Whatisthesubcategoryinthecurrentaccountthatindicatesthatthegovernmentofacountryandotherresidentsgavemoremoneytoforeigncountriesandresidentsasgiftsandgrantsthanthecountryitselfreceiv

2、edfromabroad?A)unilateralcurrenttransfers,netB)balanceongoodsandservicesC)balanceoncurrentaccountD)servicesAnswer:A2)Intowhatsubcategoryinthecurrentaccountdoyoufindtheexportandimportofeducation,insurance,consulting,telecommunications,royaltiesonfilms,etc?A)unilateralcurrenttransfers,

3、netB)balanceongoodsandservicesC)balanceoncurrentaccountD)servicesAnswer:D3)Thepurchasesofgoodsandassetsbydomesticresidentsfromforeignresidentsare________becausetheycauseanoutflowofforeignexchange.________increasethedemandfortheforeignmoneyintheforeignexchangemarket.A)credittransactio

4、nsB)currentaccounttransactionsC)debittransactionsD)capitalaccounttransactionsAnswer:C4)Thepurchasesofgoodsandassetsbyforeignresidentsfromdomesticresidentsare________becausetheyareasourceofforeignexchange.________increasethesupplyofforeignmoneyintheforeignexchangemarket.A)credittransa

5、ctionsB)currentaccounttransactionsC)debittransactionsD)capitalaccounttransactionsAnswer:A5)Every________canbeconsideredtohaveacorrespondingflowofforeignmoneyassociatedwithit,andthisflowofforeignmoneyisrecordedasa________.A)credittransactionB)currentaccounttransactionC)debittransactio

6、nD)capitalaccounttransactionAnswer:B6Copyright©2012PearsonEducation,Inc.6)TheU.S.DepartmentofCommercebreaksthetotalnetchangeinU.S.assetsabroadintotransactions.Whichoneofthefollowingoptionsisnotpartofthethreecategories?A)transactionsin"U.S.officialreserveassets"B)transactionsin"otherU

7、.S.governmentalassets"C)transactionsin"U.S.privateassets"D)transactionsin"otherU.S.publicassets"Answer:D7)AllofthefollowingarethereasonswhyGrossNationalIncomedoesnotequalGrossDomesticProductinanopeneconomyEXCEPT:A)thecapitalandlaborusedtoproducethegoodsinthedomesticcountrydonotneedto

8、beownedbydom