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时间:2021-12-30
《The Economics of Money, Banking and Financial Markets (11th 11E - Mishkin - TB chapter 17》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、EconomicsofMoney,Banking,andFinancialMarkets,11e(Mishkin)Chapter17TheForeignExchangeMarket17.1ForeignExchangeMarket1)TheexchangerateisA)thepriceofonecurrencyrelativetogold.B)thevalueofacurrencyrelativetoinflation.C)thechangeinthevalueofmoneyovertime.D)thepriceof
2、onecurrencyrelativetoanother.Answer:DAACSB:ReflectiveThinking2)ExchangeratesaredeterminedinA)themoneymarket.B)theforeignexchangemarket.C)thestockmarket.D)thecapitalmarket.Answer:BAACSB:ReflectiveThinking3)Althoughforeignexchangemarkettradesaresaidtoinvolvethebuy
3、ingandsellingofcurrencies,mosttradesinvolvethebuyingandsellingofA)bankdepositsdenominatedindifferentcurrencies.B)SDRs.C)gold.D)ECUs.Answer:AAACSB:ReflectiveThinking4)Theimmediate(two-day)exchangeofonecurrencyforanotherisaA)forwardtransaction.B)spottransaction.C)
4、moneytransaction.D)exchangetransaction.Answer:BAACSB:ReflectiveThinking5)AnagreementtoexchangedollarbankdepositsforeurobankdepositsinonemonthisaA)spottransaction.B)futuretransaction.C)forwardtransaction.D)deposittransaction.Answer:CAACSB:ReflectiveThinking27Copy
5、right©2016PearsonEducation,Inc.6)Today1eurocanbepurchasedfor$1.10.ThisistheA)spotexchangerate.B)forwardexchangerate.C)fixedexchangerate.D)financialexchangerate.Answer:AAACSB:ReflectiveThinking7)Inanagreementtoexchangedollarsforeurosinthreemonthsatapriceof$0.90pe
6、reuro,thepriceistheA)spotexchangerate.B)moneyexchangerate.C)forwardexchangerate.D)fixedexchangerate.Answer:CAACSB:ReflectiveThinking8)WhenthevalueoftheBritishpoundchangesfrom$1.25to$1.50,thepoundhas________andtheU.S.dollarhas________.A)appreciated;appreciatedB)d
7、epreciated;appreciatedC)appreciated;depreciatedD)depreciated;depreciatedAnswer:CAACSB:ReflectiveThinking9)WhenthevalueoftheBritishpoundchangesfrom$1.50to$1.25,thenthepoundhas________andtheU.S.dollarhas________.A)appreciated;appreciatedB)depreciated;appreciatedC)
8、appreciated;depreciatedD)depreciated;depreciatedAnswer:BAACSB:ReflectiveThinking10)Whenthevalueofthedollarchangesfrom£0.5to£0.75,thentheBritishpoundhas________andtheU
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