国际金融英文版试题chapter5.doc

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1、INTERNATIONALFINANCEAssignmentProblems(5)Name:Student#:I.Choosethecorrectanswerforthefollowingquestions(onlycorrectanswer)(3creditsforeachquestion,totalcredits3x20=60)1.Whenthesupplyofanddemandforaforeignexchangeintheforeignexchangemarketareexactlythesa

2、me,theexchangerateisthe__________.A.realexchangerateB.effectiveexchangerateC.equilibriumexchangerateD.crossexchangerate2.AnincreaseinthedemandforFrenchgoodsandserviceswill__________.A.inducearightwardshiftinthedemandforeuroB.inducealeftwardshiftinthedem

3、andforeuroC.resultinarightwardmovementalongthedemandcurveforeuroD.resultinaleftwardmovementalongthedemandcurveforeuro3.IfU.S.demandforJapanesegoodsincreasesandJapan’sdemandforU.S.productsalsorisesatthesametime,whichofthefollowingcanyouconcludeinthissitu

4、ation?A.TheU.S.dollarwillappreciateagainsttheyen.B.TheU.S.dollarwilldepreciateagainsttheyen.C.TheU.S.dollarwillnotchangerelativetotheyen.D.TheU.S.dollarmayappreciate,depreciate,orremainunchangedagainsttheyen.4.IfthepriceofapairofNikesneakerscosts$85inU.

5、S,andthepriceofthesamesneakersis€80inParis,thespotrateis$1.35pereuro,theeuro__________.A.iscorrectlyvaluedaccordingtoPPPB.iscorrectlyvaluedaccordingtorelativePPPC.isundervaluedaccordingtoPPPD.isovervaluedaccordingtoPPP5.IftheexpectedexchangerateE(SB/A)a

6、ccordingtotherelativepurchasingpowerparityislowerthanthespotexchangerate(SB/A),wemayconcludethat__________.A.countryBisexpectedtorunhugeBOPsurpluswithcountryAB.countryA’sinterestrateisgoingtobelowerthanthatofcountryB’sC.theexpectedinflationrateincountry

7、AishigherthantheexpectedinflationrateincountryBD.theexpectedinflationrateincountryAislowerthantheexpectedinflationrateincountryB6.AssumethatPPPholdsinthelongrun.Ifthepriceofatradablegoodis$20intheU.S.and100pesosinMexico;andtheexchangerateis7pesos/$right

8、now,whichofthefollowingchangesmightweexpectinthefuture?A.anincreaseinthepriceofthegoodintheU.SB.adecreaseinthepriceofthegoodinMexicoC.anappreciationofthepesoinnominaltermsD.adepreciationofthepesoinnominalterms7.Whichbasketofgoods