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时间:2019-08-04
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1、TheEconomicsofMoney,Banking,andFinancialMarkets,9e(Mishkin)Chapter17TheForeignExchangeMarket17.1ForeignExchangeMarket1)TheexchangerateisA)thepriceofonecurrencyrelativetogold.B)thevalueofacurrencyrelativetoinflation.C)thechangeinthevalueofmoneyovertime.D)thepriceofonecurrencyrelati
2、vetoanother.Answer:DQuesStatus:PreviousEdition2)ExchangeratesaredeterminedinA)themoneymarket.B)theforeignexchangemarket.C)thestockmarket.D)thecapitalmarket.Answer:BQuesStatus:PreviousEdition3)Althoughforeignexchangemarkettradesaresaidtoinvolvethebuyingandsellingofcurrencies,mosttr
3、adesinvolvethebuyingandsellingofA)bankdepositsdenominatedindifferentcurrencies.B)SDRs.C)gold.D)ECUs.Answer:AQuesStatus:PreviousEdition4)Theimmediate(two-day)exchangeofonecurrencyforanotherisaA)forwardtransaction.B)spottransaction.C)moneytransaction.D)exchangetransaction.Answer:BQu
4、esStatus:PreviousEdition5)AnagreementtoexchangedollarbankdepositsforeurobankdepositsinonemonthisaA)spottransaction.B)futuretransaction.C)forwardtransaction.D)deposittransaction.Answer:CQuesStatus:PreviousEdition276)Today1eurocanbepurchasedfor$1.10.ThisistheA)spotexchangerate.B)for
5、wardexchangerate.C)fixedexchangerate.D)financialexchangerate.Answer:AQuesStatus:PreviousEdition7)Inanagreementtoexchangedollarsforeurosinthreemonthsatapriceof$0.90pereuro,thepriceistheA)spotexchangerate.B)moneyexchangerate.C)forwardexchangerate.D)fixedexchangerate.Answer:CQuesStat
6、us:PreviousEdition8)WhenthevalueoftheBritishpoundchangesfrom$1.25to$1.50,thepoundhas________andtheU.S.dollarhas________.A)appreciated;appreciatedB)depreciated;appreciatedC)appreciated;depreciatedD)depreciated;depreciatedAnswer:CQuesStatus:PreviousEdition9)WhenthevalueoftheBritishp
7、oundchangesfrom$1.50to$1.25,thenthepoundhas________andtheU.S.dollarhas________.A)appreciated;appreciatedB)depreciated;appreciatedC)appreciated;depreciatedD)depreciated;depreciatedAnswer:BQuesStatus:PreviousEdition10)Whenthevalueofthedollarchangesfrom£0.5to£0.75,thentheBritishpound
8、has________andtheU.S.dollarhas___
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