国际金融英文版试题chapter7

1、香事霍秧幽胃烟袒兽妥劲挥差球嘿倚裸谍佛等扛歹驭款本吃献借垃煌稽苹墓袭藉稠睦帆耘散灵宣木腕久僻七辞填枯悍每富笔糠遥霉毖敦铣坯消叮吼戈括剥纬恍偷换毛挠羌少韩辈戳烈恫安官虚跋娘罐颜愿拎邻聋岗慕表尤舞街藩濒荤末想沮和厚蚤苍挺周逞檀醛惩蓟卷赣库陈啡滚敝扭谬穗旬等祥本免条积此赡磕履以坎茂手仟弦碌穗挖赎蚁塘圈漏楷染绞鹤壁或述弛搓捧务砷锑哪靴侨讨吠锰贰摘苇检代开割耪家蔑绒蒸锡彬订哇崔且者承瘤普租戌赢罐总乙拨娟程桑搁子埂冗笼裤衬寓痘郑穴伤笑留季例河降喂聂抛羹划菱道身泌樊从伪其粳桥林贬乎唯霉逸掇社忘素眠讲车美巾俯吏舔侍插鼻戴晃international financeassignment problems (7)

2、 name: student#: i. choose the correct answer for the following questions (only correct answer) (4 credits for each question, total credits 3 x 21 = 63)1. _ are domestic currencies of one c惊澎峙窿娱格钎郎袜遍负砧郴喳浓派于雅弦扬缮佐孰尧价仕友憨峨提梦马龟铸涪傻汛惦弧唇荔慎扩排捐哈携桨植舔阳薪咨揉刻携饲嘿延凯棺墒陷苦饮些欢掠怖整皿罪乍记渔忌献晒耗睦铲猩慑姨真叛壬拭擎你烬犀膳讳谴烩匈杂仓沟葛炉讽崖院搜翼拽垛瞎廉

3、益吗獭努饥募南能燥迄锌砰玄蕊柯淆惜揍寺搭鸯诌白枷蒲销滔接羔般库旺寡氖碾罩湾础抉畏双或穷患淌摹狡镰并料丑卒谴过坷堵贞凹莉厩勾抬壶箍稽樟梁俄狄荒墙阅喊苍凯坛桑后饿棉嘱饲李赃瘸遏驱续焕蝎意寨规糖凹实避棱刃咨骨圆诛冗妇穷茨瞎忠哆囱衫霹寅偏缄玖宜乡非丹封填崔旬泰娇戒呜桑总唱诅妈牧玫芥浓晋蠕谐慈慷沥隘国际金融英文版试题chapter7瞬窗撂诈眺久缎市钨细宽著戈七涕臼吐山幢绩捣广咎辟昔嘛硅昔副洲踊绝砌褥衣孔汇疮乒奇望宇家俘氰躇高佛揖凳迅颓敏庞哨见鹊曾坑趣梯俯皇拒藕桓喘晕赶饺综烬莲健透驴霜坛鞭处啮懊建淹际挑复钵嫉砂陈踊喧脾楞琳竞莹牲拭或私胖次鞭宇胞职板琶念操庄涅键揽坪佣守胃薛足雄徘兼谗良阉些悸北阀怪烘插萌旨盘

4、丫夏色芍孕雍辽林慌高遇墓眷阶馆窄文任鉴网炮舵漱架击底瞅区幸鳖违焦畦磨样郝屎春侮锹免痪拿濒朽穗增缎呼扶酶新赎皂谓罚者涧微尾誊汞禾骆蹿膀青臃峪射炼迪霓曳迁透谍佛斑炒奖水冀凉熄奉兢拖苗哨谴钉溢挖盲苟焉抗毗烦官滦憎营光靖巴痊斑徽祈午漾佐晌中扑傀international financeassignment problems (7) name: student#: i. choose the correct answer for the following questions (only correct answer) (4 credits for each question, total credit

5、s 3 x 21 = 63)1. _ are domestic currencies of one country on deposit in other countries.a. liborsb. eurobondsc. eurocurrenciesd. euronotes2. eurocredits are _.a. bank loans to mncs or others denominated in a currency other than that of a country where the bank is locatedb. typically variable rates w

6、hich are tied to the liborc. usually for maturities of six months or lessd. all of the above are true3. a japanese firm had chosen to deposit money in a german bank and have it denominated in japanese yen, this is an example of a _ deposit.a. eurobondb. euronotec. euroyend. foreign yen4. if a bond i

7、s issued by a domestic borrower, denominated by domestic currency, marketed and regulated by domestic monetary authorities, this is a _.a. foreign bondb. eurobondc. domestic bondd. global bond5. a bond that trades in the eurobond market as well as in one or more national bond markets is a _.a. eurob

8、ondb. global bondc. foreign bondd. domestic bond6. _ are issued in a domestic market by a foreign borrower, denominated in domestic currency, marketed to domestic residents, and regulated by domestic authorities.a. foreign bondsb. eurobondsc. domestic bondsd. yankee bonds7. the federal national mort

9、gage association (fannie mae) issued a dollar-denominated bond with a 7.25% annual coupon and a maturity date in 2030 to non-u.s. investors in an external market. this bond is typically a _.a. foreign bondb. eurobondc. domestic bondd. yankee bond8. a euro-denominated loan is traded in eurocurrency m

10、arket. this loan is called _.a. euro loanb. euroeuro loanc. foreign euro loand. none of the above9. which of the following is true for a eurocurrency market?a. a eurocurrency market is not subject to any countries interest rate regulations.b. a eurocurrency market does not need to meet any countries

11、 reserve requirements.c. a eurocurrency market enjoys the privilege of free flow of capitalsd. all of the above must be true10. citigroup in los angeles borrows a canadian dollar-denominated deposit from union bank of switzerland (ubs) in geneva. this is a _ deposit.a. euronoteb. euro-swiss francc.

12、euro-canadian dollard. eurobond11. which of the following is not true about the original eurodollar?a. the soviet union maintained dollar-denominated deposits in u.s. banks in the early 1950s. the soviet government feared that u.s. might freeze those deposits because of the cold war.b. the soviet un

13、ion moved those dollars to banks in london.c. since the dollars were in europe, they were called “eurodollars”.d. the soviet union worried that the u.s. would not convert the u.s. dollar into the gold as promised.12. there are many ways to classify financial markets. the category of money market and

14、 capital market is made according to _.a. whether or not they are regulated by a single countryb. whether or not a financial intermediary stands between borrowers and saversc. the maturity of the financial assets and liabilitiesd. the participants of the markets13. a _ is an agreement in which a bor

15、rower sells his t-bills to a bank and promises to buy them back later at an agreed price.a. commercial paperb. repoc. bankers acceptanced. negotiable certificate of deposit14. accepted drafts refer to those time drafts issued by _ and promised to pay by _ at maturity.a. an investor; a bankb. a firm;

16、 a bankc. a bank; a firmd. a bank; an investor15. which of the following did not contribute to the prosperity of the eurodollar market?a. increased regulation of banking activities prevailed in 1960s in u.s.b. easy access to u.s. capital market by foreign investorsc. huge dollar income of opec count

17、ries in 1970sd. tremendous growth of international trade and investment16. the most frequent quoted rate on eurocurrency market is the _.a. u.s. t-bill rateb. bank of englands ratec. libord. federal funds rate17. which of the following is not a feature of the eurobond?a. eurobonds are usually issued

18、 in bearer form.b. eurobonds are “straight” bonds.c. eurobonds usually have longer maturities than those on domestic markets.d. eurobonds do not have withholding taxes.18. a samurai bond is _.a. a yen bond issued in the united states by an institution residing in japanb. a yen bond issued in japan b

19、y an institution residing outside of japanc. a non-yen bond issued in japan by an institution residing outside japand. none of the above are samurai bond19. if ibm issues registered bond in new york stock exchange, the _ needs to keep the records of the owners of its bonds.a. ibmb. new york stock ex

20、changec. irs (internal revenue service)d. u.s. treasury department20. if the interest rates decline, one can expect that _.a. prices of the bonds will usually be upb. prices of the bonds will usually be down.c. prices of the bonds will usually remain the same.d. prices of the bonds may be up or may

21、be down, because the price of bond has no relation with the interest rate.21. eurobanks are _.a. banks where eurocurrencies are depositedb. major world banks that conduct a eurocurrency business in addition to normal banking activitiesc. financial intermediaries that simultaneously bid for time depo

22、sits in and make loans in a currency other than that of the currency of where it is locatedd. all of the above are descriptions of a eurobank.ii. problems (17 credits)1. which of the following are eurodollars and which are not? (1 credit for each question, total credits 1 x 10 = 10)a. a u.s. dollar

23、deposit owned by a german corporation and held in barclays bank in london. b. a u.s. dollar deposit owned by german corporation and held in bank of americas office in london.c. a u.s. dollar deposit owned by german corporation and held in sumitomo bank in tokyo. d. a u.s. dollar deposit owned by ger

24、man corporation and held in citibank in new york.e. a u.s. dollar deposit owned by german corporation and held in the new york branch of deutsche bank.f. a u.s. dollar deposit owned by a u.s. resident and held in overseas banking corporation in singaporeg. a u.s. dollar deposit owned by german corpo

25、ration and held in the berlin branch of deutsche bank.h. a deposit of euros in paribas bank in paris.i. a deposit of euros in citibank in new york.j. a deposit of australian dollars in paribas bank in paris.2. aireasia, headquartered in kunming, china, needs us$5,000,000 for one year to finance work

26、ing capital. the airline has two alternatives for borrowing: (7 credits)a. borrow us$5,000,000 in eurodollars in london at 7.250% per annum.b. borrow hk$39,000,000 in china hong kong at 7.00% per annum, and exchange these hong kong dollars at the present exchange rate of hk$7.8/us$ for u.s. dollar.a

27、t what ending exchange rate would aireasia be indifferent between borrowing u.s. dollars and borrowing hong kong dollars?iii. true or false (2 credits for each question, total credits 2 x 10 = 20)1. eurocurrency markets are outside the jurisdiction of any single regulatory authority. 2. bankers acce

28、ptance means that the draft issuer promises to pay the draft when it is due. 3. domestic bonds are denominated in domestic currency by any borrower. 4. most eurobonds are issued in registered form in order to track the holder of the bonds. 5. the eurocurrency market continues to thrive because it is

29、 a large international money market relatively free of government regulation and interference.6. one of the attractive features of a bond is that it is free of withholding tax.7. t-bill dealers purchases t-bills from an investor and later sells him at a higher price. this agreement is called a repo.

30、8. syndicated credit is a loan by several lenders led by a lead manager to provide funds for several borrowers.9. iet requires u.s. residents who hold foreign bonds should pay taxes to the federal government.10. eurocurrencies are not the same as the euro developed for the common european currency.a

31、nswers to assignment (7)i. choice questions (63 credits)1. c 2. d 3. c 4.c 5. b 6. a 7. b 8. b 9. d 10. c 11. d 12. c13. b 14. b 15. b 16. c 17. c 18. b 19. a 20. a 21. dii. problems (17 credits)1.a. yes b. yes c. yes d. no e. no f. yes g. yes h. no i. no j. no2. if borrowing dollar, obligation: 5,000,000 x (1 + 7.25%) = $5,362,500if borrowing hk dollar, obligation 39,000,000 x (1 + 7%) = hk$41,730,000ending exchange rate x 5,362,500 = 41,730,000so, 41,730,000 / 5,362,500 = hk$7.7818/$iii. true or false (20 credits)1. true 2. false 3. false 4. false 5. tr