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1、;.国际金融考试单选1、An increase in the current account deficit will placepressure on thehome currency value, other things equal. （ B ）A、upwardB、downwardC、noD、 upward or downward2、A high home inflation rate relative to other countries wouldthehome countrys current account balance, other things equal. A high
2、growth in thehome income level relative to other countries wouldthe homecountries current account balance, other things equal（. C ）A、increase; increase B、 increase; decreaseC、decrease; decrease D、decrease; increase3、The “J curve”effect describes（ B）A 、the continuous long-term inverse relationship be
3、tween a countrys current account balance and the countrys growth in gross national product.B、 the short run tendency for a countrys balance of trade to deteriorate even whileits currency is depreciating.C、the tendency for exporters to initially reduce the price of goods when their owncurrency apprec
4、iates.D、the reaction of a countrys currency to initiallydepreciate after the countrysinflation rate declines.4、If a US firm desires to avoid the risk from exchange rate fluctuations, and it isreceiving 100,000 marks in 90 days, it could.(A)A、obtain a 90-day forward sale contract on marks.B、obtain a
5、90-day forward purchase contract on marks.C、purchase marks 90 days from now at spot rate.5、Assume the spot rate of a currency is $0.37 and the 90-day forward rate is$0.36 .The forward rate of this currency exhibits aofon anannualized basis（.D ）。A、discount; 11.11% B、 premium; 11.11%C、premium; 10.810
6、分 1%D、discount; 10.81%6、Assume that a banks bid rate on Swiss francs is $0.45 and its ask rate is $0.47. Itsbid-ask percentage spread is. （ B ）A、about 4.44% B、about 4.26% C、 about 4.03% D 、 about 4.17% D、sell marks 90 days from now at the spot rate.7、A large increase in the income level in France al
7、ong with no growth in the U.S.income level is normally expected to cause (assuming no change in interest rates orother factors) a(n)in French demand for U.S. goods, and the French;.;.franc should.（A ）A、increase; depreciateB、increase; appreciateC、 depreciate; depreciateD、depreciate; appreciate8、If U.
8、S. inflation suddenly increased while German inflation stayed the same , therewould be.（ D）A 、an increased US demand for marks and an increased supply of marks for saleB、 a decreased US demand for marks and an increased supply of marks for saleC、 a decreased US demand for marks and an decreased supp
9、ly of marks for saleD、an increased US demand for marks and an decreased supply of marks for sale 9、Assume transaction costs are zero. If the 180-day forward rate is an accurateestimate of the spot rate 180 days from now, then the real cost of hedgingreceivables will be(D)A 、positiveB、negativeC、uncer
10、tainD、 zero10、Under a managed float exchange rate system, the Fed may attempt to stimulatethe US economy bythe dollar. Such an adjustment in the dollar svalue shouldthe US demand for products produced by major foreigncountries.（ B）A 、weakening; increaseB、weakening; decreaseC、 strengthening; increaseD、strengthening; decrease;.