国际金融英文版习题Chapter_3

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1、--..--INTERNATIONALFINANCEAssignmentProblems(3)Name:Student#:I.Choosethecorrectanswerforthefollowingquestions(onlyONEcorrectanswer)(2creditsforeachquestion,totalcredits2x25=50)1.InterbankquotationsthatincludetheUnitedStatesdollarsareconventionallygivenin__________,whichstatethe

2、foreigncurrencypriceofoneU.S.dollar,suchasabidpriceofSFr0.85/$.A.indirectquoteB.directquoteC.AmericanquoteD.Europeanquote2.Thespotexchangeratepublishedinfinancialnewspapersisusuallythe__________.A.nominalexchangerateB.realexchangerateC.effectiveexchangerateD.equilibriumexchange

3、rate3.Theforeignexchangereferstothe__________.word可编辑.--..--A.foreignbanknotesandcoinsB.demanddepositsinforeignbanksC.foreignsecuritiesthatcanbeeasilycashedD.alloftheabove4.Thefunctionsoftheforeignexchangemarketcomedownto__________.A.convertingthecurrencyofonecountryintothecurr

4、encyofanotherB.providingsomeinsuranceagainsttheforeignexchangeriskC.makingtheforeignexchangespeculationeasyD.OnlyAandBaretrue.5.WhichofthefollowingisNOTtrueregardingtheforeignexchangemarket?A.Itistheplacethroughwhichpeopleexchangeonecurrencyforanother.B.Theexchangeratenowadaysi

5、smainlydeterminedbythemarketforces.C.Mostforeignexchangetransactionsarephysicallycompletedinthismarket.D.Alloftheabovearetrue.6.Theworldlargestforeignexchangemarketsare__________respectively.word可编辑.--..--A.London,NewYorkandTokyoB.London,ParisandFrankfurtC.London,HongKongandSin

6、gaporeD.London,ZurichandBahrain7.TheforeignexchangemarketisNOTefficientbecause__________.A.monetaryauthoritiesdominatetheforeignexchangemarketandeverybodyknowsthatbydefinition,centralbanksareinefficientB.commercialbanksandotherparticipantsofthemarketdonotcompetewithoneanotherdu

7、etothefactthattransactiontakesplacearoundtheworldandnotinasinglecentralizedlocationC.foreignexchangedealershavedifferentpricessuchasbidandaskpricesD.Noneofthereasonslistedarecorrectbecausetheforeignexchangemarketisanefficientmarket8.__________earnaprofitbyabid-askspreadoncurren

8、ciestheybuyandsell.__________ontheotherhand,earnaprofi