Chapter_6_Government_Influence_on_Exchange_Rates

Chapter_6_Government_Influence_on_Exchange_Rates 国际财务管理题库 答案加解释

Chapter 6 Government Influence on Exchange Rates

1. To force the value of the pound to appreciate against the dollar, the Federal Reserve should:

A) sell dollars for pounds in the foreign exchange market and the European Central Bank (ECB) should sell dollars for pounds in the foreign exchange market.

B) sell pounds for dollars in the foreign exchange market and the European Central Bank (ECB) should sell dollars for pounds in the foreign exchange market.

C) sell pounds for dollars in the foreign exchange market and the European Central Bank (ECB) should not intervene.

D) sell dollars for pounds in the foreign exchange market and the European Central Bank (ECB) should sell pounds for dollars in the foreign exchange market.

ANSWER: A

2. A weak dollar is normally expected to cause:

A) high unemployment and high inflation in the U.S.

B) high unemployment and low inflation in the U.S.

C) low unemployment and low inflation in the U.S.

D) low unemployment and high inflation in the U.S.

疲软的美元—低失业率+高通胀

ANSWER: D

3. A strong dollar is normally expected to cause:

A) high unemployment and high inflation in the U.S.

B) high unemployment and low inflation in the U.S.

C) low unemployment and low inflation in the U.S.

D) low unemployment and high inflation in the U.S.

ANSWER: B

4. To force the value of the British pound to depreciate against the dollar, the Federal Reserve should:

A) sell dollars for pounds in the foreign exchange market and the Bank of England should sell dollars for pounds in the foreign exchange market.

B) sell pounds for dollars in the foreign exchange market and the Bank of England should sell dollars for pounds in the foreign exchange market.

C) sell pounds for dollars in the foreign exchange market and the Bank of England should sell pounds for dollars in the foreign exchange market.

D) sell dollars for pounds in the foreign exchange market and the Bank of England should sell pounds for dollars in the foreign exchange market.

ANSWER: C

Chapter_6_Government_Influence_on_Exchange_Rates 国际财务管理题库 答案加解释

5. Consider two countries that trade with each other, called X and Y. According to the text, inflation in Country X will have a greater impact on inflation in Country Y under the _______ system. Now, consider two other countries that trade with each other, called A and B. Unemployment in Country A will have a greater impact on unemployment in Country B under the _______ system.

A) floating rate; fixed rate B) floating rate; floating rate

C) fixed rate; fixed rate

D) fixed rate; floating rate

固定汇率传染……

ANSWER: C

6. A primary result of the Bretton Woods Agreement was:

A) the establishment of the European Monetary System (EMS). B) establishing specific rules for when tariffs and quotas could be imposed by governments.

C) establishing that exchange rates of most major currencies were to be allowed to fluctuate 1% above or below their initially set values.

D) establishing that exchange rates of most major currencies were to be allowed to fluctuate freely without boundaries (although the central banks did have the right to intervene when necessary).

ANSWER: C

7. A primary result of the Smithsonian Agreement was: A) the establishment of the European Monetary System (EMS).

B) establishing that exchange rates of most major countries were to be allowed to fluctuate 2.25% above or below their initially set values.

C) establishing specific rules for when tariffs and quotas could be imposed by

governments.

D) establishing that exchange rates of most major currencies were to be allowed to fluctuate freely without boundaries (although the central banks did have the right to intervene when necessary).

ANSWER: B

8. Under a fixed exchange rate system:

A) a foreign exchange market does not exist.

B) central bank intervention in the foreign exchange market is not necessary.

C) central bank intervention in the foreign exchange market is often necessary.

D) central bank intervention in the foreign exchange market is not allowed.

ANSWER: C

9. Under a managed float exchange rate system, the Fed may attempt to stimulate the U.S. economy by _______ the dollar. Such an adjustment in the dollar's value should

Chapter_6_Government_Influence_on_Exchange_Rates 国际财务管理题库 答案加解释

_______ the U.S. demand for products produced by major foreign countries. A) weakening; increase

B) weakening; decrease

C) strengthening; increase

D) strengthening; decrease

ANSWER: B

10. The value of the Canadian dollar, Japanese yen, and Australian dollar with respect to the U.S. dollar are part of a:

A) pegged system. B) fixed system.

C) managed float system.

D) crawling peg system.

ANSWER: C

11. The interest rate of a country with a currency board:

A) is less stable than it would be without a currency board. B) is typically below the interest rate of the currency to which it is tied.

C) will move in tandem with the interest rate of the currency to which it is tied.

D) is completely independent of the interest rate of the currency to which it is tied.

ANSWER: C

12. The currency of country X is pegged to the currency of country Y. Assume that county Y's currency depreciates against the currency of country Z. It is likely that country X will export _______ to country Z and import _______ from country Z.

A) more; more B) les …… 此处隐藏：8341字，全部文档内容请下载后查看。喜欢就下载吧 ……