国际金融中英文版答案解析.doc

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1、国际金融中英文版Chapter 2: Payments among NationsSingle-Choice Questions1. A countrys balance of payments records: 一个的国际收支 平衡记录了 Ba. The value of all e*ports of goods and services from that country for a period of time.b. All flows of value between that countrys residents and residents of the rest of the wo

2、rld during a period of time.在一定时间段里,一个居民的资产和其它世界居民资产的流动c. All flows of financial assets that cross that countrys borders during a period of time.d. All flows of goods into that country during a period of time.2. A credit item in the balance of payments is:在国际收支平衡里的贷项是Aa. An item for which the countr

3、y must be paid.一个必须收取的条款b. An item for which the country must pay.c. Any imported item.d. An item that creates a monetary claim owed to a foreigner.3. Every international e*change of value is entered into the balance-of-payments accounts _ time(s). 每一次国际等价交换都记进国际收支次 Ba. 1b. 2c. 3d. 44. A debit item

4、in the balance of payments is: 在国际收支平衡中的借项是 Ba. An item for which the country must be paid.b. An item for which the country must pay.一个必须支付的条款c. Any e*ported item.d. An item that creates a monetary claim on a foreigner.5. In a nations balance of payments, which one of the following items is always r

5、ecorded as a positive entry D在国际收支中,以下哪个工程总被视为有利条项a. Changes in foreign currency reserves.b. Imports of goods and services.c. Military foreign aid supplied to allied nations.d. Purchases by foreign travelers visiting the country.国外游客在本国发生的购置6. The sum of all of the debit items in the balance of paym

6、ents: 在收支平衡中,所有贷项的总和 Ba. Equals the overall balance.b. Equals the sum of all credit items.等于所有借项的总和c. Equals pensating transactions.d. Equals the sum of credit items minus errors and omissions.7. Which of the following capital transactions are entered as debits in the U.S. balance of payments 以下哪个资本

7、交易在美国的收支平衡中当作借项. Ba. A U.S. resident transfers $100 from his account at Credit Suisse in Basel (Switzerland) to his account at a San Francisco branch of Wells Fargo Bank. b. A French resident transfers $100 from his account at Wells Fargo Bank in San Francisco to his Credit Suisse account in Basel.一

8、个法国居民在旧金山的Fargo Bank用其转帐美金到位于巴塞尔的瑞士信贷户口c. A U.S. resident sells his IBM stock to a French resident. d. A U.S. resident sells his Credit Suisse stock to a French resident. 8. An increase in a nations financial liabilities to foreign residents is a: 一个对另一个金融负债的增加是一种Ca. Reserve inflow.b. Reserve outflo

9、w.c. Capital inflow.资本流入d. Capital outflow.9. _A_ are money-like assets that are held by governments and that are recognized by governments as fully acceptable for payments between them. 官方国际储藏资产是一种类似于钱的资产，这种资产由政府掌握并作为政府间的一种支付手段得到充分认可.a. Official international reserve assets 官方国际储藏资产b. Unofficial in

10、ternational reserve assets c. Official domestic reserve assets d. Unofficial domestic reserve assets 10. Which of the following is considered a capital inflow 以下哪项 被视为资本流入 Aa. A sale of U.S. financial assets to a foreign buyer.美国一金融资产卖给一外国买家b. A loan from a U.S. bank to a foreign borrower.c. A purch

11、ase of foreign financial assets by a U.S. buyer.d. A U.S. citizens repayment of a loan from a foreign bank.11. In a countrys balance of payments, which of the following transactions are debits一个的收支平衡表中,哪个交易属于借项. Aa. Domestic bank balances owned by foreigners are decreased.外国人拥有的国银行资产的下降b. Foreign ba

12、nk balances owned by domestic residents are decreased.c. Assets owned by domestic residents are sold to nonresidents.d. Securities are sold by domestic residents to nonresidents.12. The role of _D_ is to direct one nations savings into another nations investments: 资金流的作用是指导一个的储蓄进入到另一个的投资a. Merchandi

13、se trade flowsb. Services flowsc. Current account flowsd. Capital flows资金流13. The net value of flows of goods, services, ine, and unilateral transfers is called the: 商品,效劳,收入和单方面转让等现金流的净收益叫经常账目户Ba. Capital account.b. Current account.经常账目户c. Trade balance.d. Official reserve balance.14. The net value

14、 of flows of financial assets and similar claims (e*cluding official international reserve asset flows) is called the: 金融资产和类似的资产官方国际储藏资产流除外的 净值流叫 Aa. Financial account.金融帐b. Current account.c. Trade balance.d. Official reserve balance.15. The financial account in the U.S. balance of payments includ

15、es: 美国收支表中的金融帐包括： Ba. Everything in the current account.b. U.S. government payments to other countries for the use of military bases.美政府采用其它军事基地所需支付款项c. Profits that Nissan of America sends back to Japan.d. New U.S. investments in foreign countries.16. U.S. resident increasing her holdings of a fore

16、ign financial asset causes a: 一个美国居民 增持一外国金融资产会引起Da. Credit in the U.S. current account.b. Debit in the U.S. current account.c. Credit in the U.S. capital account.d. Debit in the U.S. capital account.美国资本帐的借帐17. A foreign resident increasing her holdings of a U.S. financial asset causes a: 一个美国居民增持本

17、国一金融资产会引起 Ca. Credit in the U.S. current account.b. Debit in the U.S. current account.c. Credit in the U.S. capital account.美国资本帐的贷帐d. Debit in the U.S. capital account.18. A deficit in the current account: 经常中的赤字 Aa. Tends to cause a surplus in the financial account.会导致金融帐中的盈余b. Tends to cause a de

18、ficit in the financial account.c. Has no relationship to the financial account.d. Is the result of increasing e*ports and decreasing imports.19. In September, 2005, e*ports of goods from the U.S. decreased $3.3 billion to $73.4 billion, and imports of goods increased $3.8 billion to $144.5 billion.

19、This increased the deficit in:2005年8月,美国商品出口降低了33亿美元,共734亿美元；商品进口上升到1145亿美元,上长了38亿.这样增加了哪个方面的赤字.Ca. The balance of payments.b. The financial account.c. The current account.经常d. Unilateral transfers.20. Which of the following would contribute to a U.S. current account surplus 以下哪项有助于美国现金帐的盈余.Ba. The

20、United States makes a unilateral tariff reduction on imported goods.b. The United States cuts back on American military personnel stationed in Japan.美国削减在日本的军事人员c. U.S. tourists travel in large numbers to Asia.d. Russian vodka bees increasingly popular in the United States.21. Which of the following

21、 transactions is recorded in the financial account以下哪个交易会被当作金融帐Aa. Ford motor pany builds a new plant in China 福特摩托公司在中国设立车间b. A Chinese businessman imports Ford automobiles from the United States.c. A U.S. tourist spends money on a trip to China.d. The New York Yankees are paid $10 million by the C

22、hinese to play an e*hibition game in Beijing, China.22. If a British business buys U.S. government securities, how will this be entered in the balance of payments 如果一英国商人购置了美国政府的债券,则这个交易在收支平衡表中会被当作是. Ca. It will appear in the trade account as an import.b. It will appear in the trade account as an e*

23、port.c. It will appear in the financial account as an increase in U.S. assets held by foreigners.会被当作是外国人所有的美国资产增长d. It will appear in the financial account as a decrease in U.S. assets held by foreigners.23. In the balance of payments, the statistical discrepancy or error term is used to: 在收支平衡表中,

24、统计差异与错误工程会用来确保借帐总和跟贷帐总和一致 Aa. Ensure that the sum of all debits matches the sum of all credits.b. Ensure that imports equal the value of e*ports.c. Obtain an accurate account of a balance-of-payments deficit.d. Obtain an accurate account of a balance-of-payments surplus.24. Official reserve assets a

25、re: 官方储藏资产 是 Ba. The gold holdings in the nations central bank.b. Money like assets that are held by governments and that are recognized by governments as fully acceptable for payments between them. 官方国际储藏资产是一种类似于钱的资产，这种资产由政府掌握并作为政府间的一种支付手段得到充分认可c. Government T-bills and T-bonds.d. Government holdin

26、gs of SDRs25. Which of the following constitutes the largest ponent of the worlds international reserve assets 以下哪项构成了世界国际储藏资产的大部份. Da. Gold. b. Special Drawing Rights.c. IMF Reserve Positions. d. Foreign Currencies.外汇币26. The net accumulation of foreign assets minus foreign liabilities is: 海外净资产的积累

27、减去外债等于Ca. Net official reserves.b. Net domestic investment.c. Net foreign investment.国外投资净值d. Net foreign deficit.27. A country e*periencing a current account surplus: 一个经历经常的盈余 Ba. Needs to borrow internationally.b. Is able to lend internationally.就有能力向外放贷c. Must also have had a surplus in its over

28、all balance.d. Spent more than it earned on its merchandise and service trade, international ine payments and receipts and international transfers.28. The _C_ measures the sum of the current account balance plus the private capital account balance. 官方结算差额是指经常余额的总和加上私人资本帐B=CA+FA,FA:为非官方投资和储藏a. Offici

29、al capital balanceb. Unofficial capital balancec. Official settlements balance官方结算差额d. Unofficial settlements balance29. If the overall balance is in _A_, there is an accumulation of official reserve assets by the country or a decrease in foreign official reserve holdings of the countrys assets. 如果综

30、合差额处于盈余，则会出现本国官方储藏资产的积累或者国外官方储藏的减少B=CA+FA,B+OR=0，OR:官方储藏金额a. Surplus盈余b. Deficitc. Balanced. Foreign hands30. Which of the following is the current account balance NOT equal to 以下哪项不等同于现金帐 Da. The difference between domestic product and domestic e*penditure.b. The difference between national saving

31、and domestic investment.c. Net foreign investment.d. The difference between government saving and government investment. 政府储蓄与政府投资的差值True/False Questions31. Capital inflows are debits and capital outflows are credits. 资金流入是借项，资金外流是贷项 32. The net value of the flow of goods, services, ine, and gifts i

32、s the current account balance.(T) 商品,效劳,收入和单方面转让等现金流的净收益叫经常账目余额33. The net flow of financial assets and similar claims is the private current account balance. 金融资产和类似的资产的 净值叫 经常帐目余额34. The majority of countries official reserves assets are now foreign e*change assets, financial assets denominated in

33、 a foreign currency that is readily acceptable in international transactions. (T)大部份官方储藏资产作为以外汇资产和金融资产为命名的外币在世界上交易与流通.35. A countrys financial account balance equals the countrys net foreign investment.一个的金融帐差额相当于一个的净国外投资36. A country has a current account deficit if it is saving more than it is inv

34、esting domestically. 一个如果在国的储蓄比投资要大,则会出现经常账目赤字37. The official settlements balance measures the sum of the capital account balance plus the public current account balance. 官方结算差额是资金余额的总额加上公共经常余额38. A nations international investment position shows its stock of international assets and liabilities at

35、 a moment in time. (T)一个的国际投资状况反映出它在特定时间里的国际资产股份以及债务情况.39. A nation is a borrower if its current account is in deficit during a time period. (T)在一段时间,如果一个的经常帐出现赤字,则它就是借方.40. A nation is a debtor if its net stock of foreign assets is positive. 如果一个的国外资产净储藏是正数,则它是借方债务方41. A transaction leading to a fo

36、reign resident increasing her holdings of a U.S. financial asset will be recorded as a debit on the U.S. financial account.如果一项交易引起一外国居民增持美国金融资产的股份,则这项交易在美国金融帐中会被当作借项42. A credit item is an item for which a country must pay. 贷项是指一个必须还款的条项43. Gold is a major reserve asset that is currently often used

37、 in official reserve transactions. 黄金作为主要的储藏资产,常被用在官方储藏交易当中.44. The current account balance is equal to the difference between domestic product and national e*penditure.(T) 经常工程余额等于国民生产与国民支出的差额45. In 2007 U.S. households, businesses and government were buying more goods and services than they were p

38、roducing.(T)年,美庭,商业,政府购置的商品和效劳比他们生产商品和效劳的要多.46。你是提供以下信息,一个的国际交易,在一个特定年份:CA 余额: $346-354+480-348+153+142=$419；官方结算余额: $346-354+480-348+153+142+252-352+154=$473；Change in official reserve assets (net) =官方结算余额=$473. increasing the holding of official reserve assets.Chapter 3: The Foreign E*change Marke

39、tSingle-Choice Questions1. Foreign e*change is:D外汇交易是a. The act of trading different nations monies.不用货币的交易b. The holdings of foreign currency.对不同货币的持有c. The act of importing foreign goods and services.d. Both (a) and (b) are correct.2. If the price of British pounds in terms of U.S. dollars is $1.8

40、0 per pound, then the price of U.S. dollars in terms of British pounds is:B如果英磅对美元的汇率是比.,则美元对英磅的汇率是比.a. 1.80 per dollar.b. 0.555 per dollar.c. 0.90 per dollar.d. 3.60 per dollar.3. Suppose the e*change rate between the Japanese yen and the U.S. dollar is 100 yen per dollar. A Japanese stereo with a

41、price of 60,000 yen will cost:B假设日元对美元的汇率是比,则一台日元为的音响要花多少美元a. $1,667b. $600c. $6,000d. $1004. Suppose that a Korean television set that costs 600 won in Korea costs $400 in the United States. These prices suggest that the e*change rate between the won and the dollar is:Aa. 1.5 won per dollar呢题太简单,不屑

42、翻译自己睇b. 0.75 won per dollarc. $1.50 per wond. $3 per won5. The _D_ e*change rate is the price for immediate currency e*change. 即时汇率是指外汇的即时价格a. Current b. Forwardc. Futured. Spot6. The _B_ e*change rate is the price set now for an e*change that will take place sometime in the future.远期汇率是指由协议双方预订的将来会

43、发生的汇率a. Current b. Forwardc. Future spot d. Spot7. The foreign e*change market is:C外汇市场是指a. A single gathering place where traders shout buy and sell orders at each other.b. Located in New York.c. A grouping, by electronic means, of banks and traders who work at banks that conduct foreign e*change t

44、rades. 银行和交易者以电子方式集聚于一起进展外汇的买卖d. Located in London.8. _D_ foreign e*change trading involves currency e*changes done between individuals and banks. 小额外汇交易散户外汇交易包含私人与银行间的外汇交易a. Interbankb. Consumerc. Intra-bankd. Retail9. The U.S. dollar is called a _A_ because it is often used as an intermediary to a

45、cplish trading between two other currencies. 美元被称为周转货币,因为经常被用来完成其它两种货币的交易a. Vehicle currency周转货币交易通货b. Main currencyc. mon currencyd. Primary currency10. Suppose that the e*change value of the British pound is $2 per pound while the e*change value of the Swiss franc is 50 cents per franc. From this

46、we can conclude that the e*change rate between the pound and the franc is:D计算题,到时出中文题自己计啦唔翻啦a. 1 franc per poundb. 2 francs per poundc. 3 francs per poundd. 4 francs per pound11. Which of the following is NOT a function of the interbank operations of the foreign e*change market D以下哪一个不是外汇交易市场中银行间操作方

47、式的一种.a. Provides a bank with a continuous stream of information on conditions in the foreign e*change market. b. Provides a bank the means to readjust its own position quickly and at low cost.c. Permits a bank to take on a position in a foreign currency quickly.d. Provides a bank with technological resources for use in foreign e*change trading.提