国际金融英文版习题chapter2

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1、1InternationalFinanceAssignmentProblems(2)Name:StudentNo.:I.Choosethecorrectanswerforthefollowingquestions(onlyONEcorrectanswer)(5creditsforeachquestion,totalcredits4x15=60)1.Accordingtotheprincipleofthebalancedbalanceofpayments,ifacountryreducesitsforeignexchangereservesby$20millionand

2、thestatisticaldiscrepancyisinthecreditentryof$5millioninagivenperiodoftime,thecountryruns__________ofitsbalanceofpaymentsduringthatperiodoftime.A.$15milliondeficitsB.$25milliondeficitsC.$20milliondeficitsD.$5milliondeficits2.Ifacountry’sdomesticsavingisgreaterthandomesticinvestment,thec

3、ountryprobablyhas__________.A.acurrentaccountsurplusB.anetcapitaloutflowC.acurrentaccountdeficitD.BothAandBarepossible.3.Adebitentryinthebalance-of-paymentsaccountrepresentsatransactionthat__________.A.adomesticresidentreceivesapaymentfromabroadB.adomesticresidentmakesapaymenttoaforeign

4、residentC.willimprovethecurrentaccountstatusD.willhavenoaffectsonthenation’sforeignexchangereserves4.Intermsofbalance-of-paymentsaccount,whichofthefollowingwouldberecordedasadebitentryintheU.S.BOP?A.exportsofmerchandiseB.exportsofservicesC.purchaseoftheU.S.Treasurybondsbynon-residentsD.

5、anincreaseofthedepositinaU.S.resident'saccountataforeignbank5.Abalance-of-paymentsdeficitisdefinedasasituationinwhich__________.A.thevalueofpaymentsmadetotheforeignersexceedsthevalueofreceiptsreceivedfromtheforeignersinagivenperiodoftimeB.thegovernmentmustborrowinordertomeetitsbudgetobl

6、igationsC.thevalueofmanufacturedgoodexportsislessthanthevalueofimportedgoodsD.anationearnsmuchinextraassetsorreducedliabilitiesinitsdealingswiththerestoftheworld6.WhichofthefollowingwouldNOTbeconsideredasatypicalBOPtransaction?A.ToyotaUSAisaUSdistributorofautomobilesmanufacturedinJapanb

7、yitsparentcompany.B.AU.S.subsidiaryofEuropeanfinancialgiant,CreditSuisse,paysdividendstoitsparentinZurich.C.AUStouristpurchasesgiftsatamuseuminLondon.D.AllareexampleofBOPtransactions.7.Thebalanceofpaymentsisastatisticalrecordwhichmeasuresthetotalvalueof__________.A.acountry’sfo