2022知到答案 国际金融（英文版） 最新完整智慧树知到满分章节测试答案

绪论 单元测试

1、 问题:

The recent global economy is experiencing the three-low situation such as __ .

选项：
A:low interest rate, low unemployment and low population

B:low interest rate, low inflation and low economic growth

C:low population, low economic growth and low tax rate

D:low inflation, low government expenditure and low price

答案: 【
low interest rate, low inflation and low economic growth

】

2、 问题:

Which of the following statements incorrectly describes China?

选项：
A:China is the largest manufacturing country.

B:China is the largest foreign reserve holder.

C:China is the largest capital-outflow country.

D:China is the largest goods-trade country.

答案: 【
China is the largest capital-outflow country.

】

3、 问题:

Which of the following managements least likely represents the dimension of macroeconomic analysis of international finance?

选项：
A:International monetary management

B:Management of balance of payments
C:Management of internal and external balance
D:Foreign exchange exposure management
答案: 【
Foreign exchange exposure management
】

4、 问题:

Libra white paper initially introduced by Facebook on June 18th,2019 shows that Libra is most likely ______.

选项：
A:the fictitious cryptocurrency

B:the legal tender
C:the paper money

D:the plastic money

答案: 【
the fictitious cryptocurrency

】

5、 问题:

A nation’s macroeconomic performance involves the performance of three markets such as __.

选项：
A:the domestic product market, domestic stock market, and foreign exchange market.

B:the domestic goods market, domestic services market, and domestic financial market.

C:the domestic money market, the domestic product market, and foreign exchange market.

D:the labor market, the capital market, and the land market.

答案: 【
the domestic money market, the domestic product market, and foreign exchange market.

】

6、 问题:

Multinational corporations usually are exposed to three typical kinds of foreign exchange exposure, such as_.

选项：
A:transaction exposure, operating exposure, and translation exposure

B:accounting exposure, investment exposure, and financing exposure

C:accounting exposure,financial exposure, and economic exposure

D:transaction exposure,speculative exposure,and precautionary exposure

答案: 【
transaction exposure, operating exposure, and translation exposure

】

7、 问题:

The objective of international portfolio management is _.

选项：
A:to go ahead with a capital budgeting project with positve net present value.

B:to select capital budgeting projects with higher internal rate of return than the required rate of return.

C:to construct an optimal international portfolio with minimum risk.

D:to select international securities with the same rates of return as domestic securities.

答案: 【
to construct an optimal international portfolio with minimum risk.

】

8、 问题:

From the perspective of microeconomics, the practices of international finance leastly likely involves___.

选项：
A:international investment management
B:international financing management
C:foreign exchange exposure management
D:international monetary management
答案: 【
international monetary management
】

9、 问题:

The feasibility of the international capital budgeting decision can only be determined from the parent company viewpoint.（ ）

选项：
A:对
B:错
答案: 【
错
】

10、 问题:

Multinational corporations can conduct financial transactions or use operational techniques to manage foreign exchange exposure.（ ）

选项：
A:对
B:错
答案: 【
对
】

第一章 单元测试

1、 问题:

The J curve shows that:

选项：
A:devaluation is more likely to improve the trade balance in the short-run than in the long-run.

B:devaluation is more likely to improve the trade balance after a  longer span of time has elapsed.

C:devaluation is likely to be unstable.

D:devaluation is unlikely to improve the trade balance in either the short-run or the long-run.

答案: 【
devaluation is more likely to improve the trade balance after a  longer span of time has elapsed.

】

2、 问题:

Which of the following would tend to contribute to a U.S. current account surplus?

 

选项：
A:The United States makes a unilateral tariff reduction on imported goods.
B:The United States cuts back on American military personnel stationed in Japan.
C:U.S. tourists travel in large numbers to Asia.
D:Russian vodka becomes increasingly popular in the United States.
答案: 【
The United States cuts back on American military personnel stationed in Japan.
】

3、 问题:

Official reserve assets are：

选项：
A:the gold holdings in the nation’s central bank.
B:money like assets that are held by governments and that are recognized by governments as fully acceptable for payments between them.
C:government T-bills and T-bonds.
D:government holdings of SDR’s.
答案: 【
money like assets that are held by governments and that are recognized by governments as fully acceptable for payments between them.
】

4、 问题:

If the overall balance in the balance of payments account is in _____, there can be an accumulation of official reserve assets by the country or a decrease in foreign official reserve holdings of the country's assets.

选项：
A:surplus
B:deficit
C:equilibrium
D:remission
答案: 【
surplus
】

5、 问题:

A statement of the stocks of a country’s foreign assets and foreign liabilities at a point in time represents the country’s:

选项：
A:government budget surplus or deficit
B:balance of payments
C:financial account balance
D:international investment position
答案: 【
international investment position
】

6、 问题:

If the balance of payments accounts of a country shows a current account deficit, it means that:

选项：
A:it is acting as a net lender to the rest of the world.
B:its foreign assets are growing slower than its foreign liabilities.
C:its foreign assets are growing faster than its foreign liabilities.
D:its exports are higher than its imports.
答案: 【
its foreign assets are growing slower than its foreign liabilities.
】

7、 问题:

Marshall-Lerner condition is that the payments deficit will be improved as a result of currency depreciation only if_ .

选项：
A:the sum of elasticity of demand for goods import and that for goods export equals one.
B:the sum of elasticity of demand for goods import and that for goods export is less than one.
C:the sum of elasticity of demand for goods import and that for goods export  is larger than one.
D:the sum of elasticity of demand for goods import is greater than that for goods export.
答案: 【
the sum of elasticity of demand for goods import and that for goods export  is larger than one.
】

8、 问题:

According to the absorption approach to balance of payments, if a nation’s national income is less than its national expenditure, it will __.

选项：
A:will tend to move into payments surplus.
B:will tend to move into payments balance.
C:experience no change in its official settlement balance.
D:experience payments deficit.
答案: 【
experience payments deficit.
】

9、 问题:

The net flow of financial assets and similar claims is the private current account balance.（ ）

选项：
A:对
B:错
答案: 【
错
】

10、 问题:

A country's nonofficial financial account balance equals its net foreign investment.（ ）

选项：
A:对
B:错
答案: 【
错
】

第二章 单元测试

1、 问题:

Based on PPP and the quantity theory of money, everything else remaining unchanged, if Japan’s real income rises relative to real income in the U.S., there would be a(n):

选项：
A:appreciation of the dollar.
B:appreciation of the yen.
C:interest rate parity.
D:decrease in the demand for yen in the foreign exchange market.
答案: 【
appreciation of the yen.
】

2、 问题:

The retail part of the foreign exchange market does not include traders at banks trading with:

选项：
A:national governments.
B:stock brokers who trade in the assets of the firms in different nations.
C:traders at other banks.
D:nonfinancial companies that sometimes want to buy and sell different currencies.
答案: 【
traders at other banks.
】

3、 问题:

Suppose the dollar per pound exchange rate is $2 per pound while the dollar per Swiss franc exchange rate is 50 cents per franc. From the given information we can conclude that the Swiss franc per pound exchange rate is:

选项：
A:1 franc per pound.
B:too low.
C:too high.
D:4 francs per pound.
答案: 【
4 francs per pound.
】

4、 问题:

Rapid increases in the U.S. exports of goods and services will result in a(n) _ foreign currency and a(n) ___ the U.S. dollars in the foreign exchange market.

选项：
A:increase in the demand for; increase in the supply of
B:increase in the supply of; increase in the demand for
C:shortage of foreign currency; surplus of
D:decrease in the supply of; decrease in the demand for
答案: 【
increase in the supply of; increase in the demand for
】

5、 问题:

Under a floating exchange rate system, an increase in the international demand for electronic appliances manufactured in Japan will result in:

选项：
A:Deflation in the Japanese economy.
B:An increase in Japan’s trade deficit with other countries.
C:An appreciation of the yen vis-à-vis other currencies.
D:A depletion of international reserves held by the central bank of Japan.
答案: 【
An appreciation of the yen vis-à-vis other currencies.
】

6、 问题:

Assume you are a Chinese exporter and expect to receive $250,000 at the end of 60 days. You can remove the risk of loss due to a devaluation of the dollar by:

选项：
A:selling dollars in the 60-day forward exchange market.
B:buying dollars now and selling these dollars at the end of 60 days.
C:selling the yuan equivalent in the forward exchange market for 60-day delivery.
D:keeping the dollars in the United States after they are delivered to you.
答案: 【
selling dollars in the 60-day forward exchange market.
】

7、 问题:

The Bretton Woods System is exposed to a dilemma known as _.

选项：
A:Triffin Paradox
B:impossible Trinity
C:ethical dilemma
D:two-pegging system
答案: 【
Triffin Paradox
】

8、 问题:

The _____ effect suggests that speculations can sometimes be destabilizing as the actions of the international investors move the exchange rate away from the long-run equilibrium value consistent with fundamental economic influences.

 

选项：
A:bandwagon
B:overshooting
C:exchange rate
D:arbitrage
答案: 【
bandwagon
】

9、 问题:

To maintain an undervalued currency, the country’s monetary authorities must intervene in the foreign exchange market to buy its currency in the foreign exchange market.（  ）

选项：
A:对
B:错
答案: 【
错
】

10、 问题:

Price-specie-flow mechanism posits that the misalignment of exchange rate under the classical gold standard can be automatically corrected.（   ）

选项：
A:对
B:错
答案: 【
错
】

第三章 单元测试

1、 问题:

For small open economy, assume that the marginal propensity to import is 0.3, and that interest rates, exchange rates, and the price level are all constant. If an increase of $10 billion in government spending results in an increase of $6 billion in imports, then:

选项：
A:real GDP increases by $4 billion.
B:the spending multiplier is 2.
C:taxes increase by $10 billion.
D:real domestic investment decreases by $4 billion.
答案: 【
real GDP increases by $4 billion.
】