The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 17

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter17TheForeignExchangeMarket17.1ForeignExchangeMarket1)TheexchangerateisA)thepriceofonecurrencyrelativetogold.B)thevalueofacurrencyrelativetoinflation.C)thechangeinthevalueofmoneyovertime.D)thepriceofonecurrencyrelativetoan

2、other.Answer:DQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy2)ExchangeratesaredeterminedinA)themoneymarket.B)theforeignexchangemarket.C)thestockmarket.D)thecapitalmarket.Answer:BQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy3)Althoughforeignexchangemarkett

3、radesaresaidtoinvolvethebuyingandsellingofcurrencies,mosttradesinvolvethebuyingandsellingofA)bankdepositsdenominatedindifferentcurrencies.B)SDRs.C)gold.D)ECUs.Answer:AQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy4)Theimmediate(two-day)exchangeofonecurrencyforanotheri

4、saA)forwardtransaction.B)spottransaction.C)moneytransaction.D)exchangetransaction.Answer:BQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy31Copyright©2013PearsonEducation,Inc.5)AnagreementtoexchangedollarbankdepositsforeurobankdepositsinonemonthisaA)spottransaction.B)fu

5、turetransaction.C)forwardtransaction.D)deposittransaction.Answer:CQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy6)Today1eurocanbepurchasedfor$1.10.ThisistheA)spotexchangerate.B)forwardexchangerate.C)fixedexchangerate.D)financialexchangerate.Answer:AQuesStatus:Previous

6、EditionAACSB:Dynamicsoftheglobaleconomy7)Inanagreementtoexchangedollarsforeurosinthreemonthsatapriceof$0.90pereuro,thepriceistheA)spotexchangerate.B)moneyexchangerate.C)forwardexchangerate.D)fixedexchangerate.Answer:CQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy8)Whe

7、nthevalueoftheBritishpoundchangesfrom$1.25to$1.50,thepoundhas________andtheU.S.dollarhas________.A)appreciated;appreciatedB)depreciated;appreciatedC)appreciated;depreciatedD)depreciated;depreciatedAnswer:CQuesStatus:PreviousEditionAACSB:Dynamicsoftheglobaleconomy9)Whenthevalueoft

8、heBritishpoundchangesfrom$1.50to$1.25,th