完整版国际金融中英文版答案

1、国际金融中英文版Chapter 2:Payments among NationsSingle-Choice Questions1. A country ' s balance of payments records: 个国家的国际收支 平衡记录了Ba. The value of all exports of goods and services from that country for a period of time.b. All flows of value between that c ountry ' s residents and residents of the

2、rest of the world during a period of time. 在一 定时间段里,一个国家居民的资产和其它世界居民资产的 流动s boic. All flows of financial assets that cross that country 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 w

3、hich the country must be paid. 一个国家必须收 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 exchange 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帐户2泳Ba. 1 b. 2c. 3

4、d. 44. A debit item 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.一个国家必须支付的条款c. Any exported item.d. An item that creates a monetary claim on a foreigner.5. In a nation's balance of payments, which one of the f

5、ollowing items is always recorded 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.国夕卜游客在本国发生的购置6. The sum of all of the debit

6、items in the balance of payments: 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 ' compensating ' transactions.d. Equals the sum of credit items minus errors and omissions.7. Which of the following capital transactions are entered as de

7、bits in the U.S. balance of payments?以下哪个资本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

8、 to his Credit Suisse account in Basel. 一个法国居民在旧金山的Fargo Bank用具帐户转帐1 0.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 nation's financial liabilities to foreign residents is a: 一

9、个国家对另一个国家金融负债的增加是一种Ca. Reserve inflow.b. Reserve outflow.c. Capital inflow.资本流入d. Capital outflow.9. A are money-like assets that are held by governmentsand 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

10、international reserve assets 官方国际储藏资产b. Unofficial international reserve assetsc. Official domestic reserve assetsd. Unofficial domestic reserve assets10. 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 loa

11、n from a U.S. bank to a foreign borrower.c. A purchase of foreign financial assets by a U.S. buyer.d. A U.S. citizen ' s repayment of a loan from a foreign bank.11.1 n a country ' s balance of payments, which of the following transactions are debits?一个国家的收支平衡表中 ,哪个交易属于借 项 Aa. Domestic bank b

12、alances owned by foreigners are decreased.外国人拥有的国内银行资产的下降b. Foreign bank 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 nationsaving into

13、another nation ' s investm箭赳流的作用是指导一个国家的储 蓄进入到另一个国家的投资a. Merchandise trade flowsb. Services flowsc. Current account flowsd. Capital flows 资金流13 .The net value of flows of goods, services, income, 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 ac

14、count.经常账目户c. Trade balance.d. Official reserve balance.14 .The net value of flows of financial assets and similar claimsexcluding 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 bala

15、nce.15 .The financial account in the U.S. balance of payments includes:美国国家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.美政府采用其它国家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

16、 foreign countries.16 . A U.S. resident increasing her holdings of a foreign financial assetcauses 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 residen

17、t increasing her holdings of a U.S. financial asset causes a:一个美国居民增持本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:经常帐户中的赤字Aa. Tends to caus

18、e a surplus in the financial account.会导致金融帐 中的盈余b. Tends to cause a deficit in the financial account.c. Has no relationship to the financial account.d. Is the result of increasing exports and decreasing imports.19.1 n September, 2005, exports of goods from the U.S. decreased $3.3 billion to $73.4 bi

19、llion, and imports of goods increased $3.8 billion to $144.5 billion. This increased the deficit in:2005 年 8 月,美国商品由 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. 经常帐户 d. Unilateral transfers.20 .Which of the follo

20、wing 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 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

21、vodka becomes increasingly popular in the United States.21 .Which of the following transactions is recorded in the financial account?以下哪个交易会被当作金融帐Aa. Ford motor company 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

22、spends money on a trip to China.d. The New York Yankees are paid $10 million by the Chinese to play an exhibition game in Beijing, China.22.1 f a British business buys U.S. government securities, how will this be entered in the balance of payments?如果英国商人购置了美国政府的债券,那么这个交易在收支平衡表中会被当作是Ca. Itwill appear

23、 in the trade account as animport.b. Itwill appear in the trade account as anexport.c. Itwill appear in the financial account asan increasein 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.23.1 n the balance

24、of payments, the statistical discrepancy or error term is used to:在收支平衡表中,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 exports.c. Obtain an accurate account of a balance-of-payments deficit.d. Obtain an accura

25、te account of a balance-of-payments surplus.23.2 fficial reserve assets are:官方储藏资产是Ba. 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.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

26、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 holdings of SDR ' s25 .Which of the following constitutes the largest component of the world ' s international reserve assets? 下歹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 Curr

27、encies. 夕卜汇 币26 .The net accumulation of foreign assets minus foreign liabilities is: 海外净资产的积累减去外债等于Ca. Net official reserves.b. Net domestic investment.c. Net foreign investment.国夕卜投资净值d. Net foreign deficit.27 .A country experiencing a current account surplus:一个国家经历经常帐户的盈余Ba. Needs to borrow inter

28、nationally.b. Is able to lend internationally.就有水平向外放贷c. Must also have had a surplus in its "overall" balance.d. Spent more than it earned on its merchandise and service trade, international income payments and receipts and international transfers.28 .The C measures the sum of the current

29、 account balanceplus the private capital account balance. 官方结算差额是指经常帐 户余额的总和加上私人资本帐B=CA+FA,FA:为非官方投资和储备a. Official capital balanceb. Unofficial capital balancec. Official settlements balance 官方结算差额d. Unofficial settlements balance4.1 If the overall balance is in Al, there is an accumulation of offic

30、ial reserve assets by the country or a decrease in foreign official reserve holdings of the country's assets.如果综合差额处于盈余,那么会由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

31、项不等同于现金帐Da. The difference between domestic product and domestic expenditure.b. The difference between national saving 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 debit

32、s 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, income, and gifts is the current account balance. (T)商品,月艮务,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

33、额34 .The majority of countries' official reserves assets are now foreign exchange assets, financial assets denominated in a foreign currencythat 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 country's financial account balance equals the

34、country's net foreign investment.一个国家的金融帐差额相当于一个国家的净国外投资36 .A country has a current account deficit if it is saving more than it is investing domestically.一个国家如果在国内的储蓄比投资要大,那么会由现 经常账目赤字37 .The official settlements balance measures the sum of the capital account balance plus the public current ac

35、count balance. 官方结算差 额是资金帐户余额的总额加上公共经常帐户余额38 .A nation's international investment position shows its stock of international assets and liabilities at a moment in time. (T) 一个国 家的国际投资状况反映由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. (

36、T)在一段时间内,如果一个国家的经常帐由现赤字,那么它就是借方.40 .A nation is a debtor if its net stock of foreign assets is positive. 如果 一个国家的国外资产净储藏是正数,那么它是借方(债务方)41 .A transaction leading to a foreign 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

37、外国居民增持美国金融资产的股 份,那么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 个国家必须还款的条项43 .Gold is a major reserve asset that is currently often used 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 d

38、omestic product and national expenditure.T 经常工程余额 等于 国民生产与国民支由的差额45 .In 2007 U.S. households, businesses and government were buying more goods and services than they were producing.T 2 0 0 7 年,美 国家庭,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,46o你是提供以下信息,一个国家的国际交易,在一个特定年份Service exports$346Service imports$354Merchan

39、dise exports$480Merchandise imports$348Income flows, net$153Unilateral transfers, net$142Increase in the country! holding of foreign assets, net(excluding official reserves assets)$352Increase in foreign holdings of the country, assets, net(excluding official reserve assets)$252Statistical discrepan

40、cy, net$154CA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) =fT 方结算余额 =$473 .increasing the holding of official reserve assets.Chapter 3:The Foreign Exchange MarketSingle-Choice Questions1. Foreign exchange is: D 外汇交易是a. Th

41、e act of trading different nations不WSnlesJ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 $1.80 per pound, then the price of U.S. dollars in terms of Briti

42、sh pounds is:B| 如果英磅对美元的汇率是1比1.8,那么美元对英磅的汇率是1 比 0 . 5 5 5a. 1.80 3er dollar.b. 0.555 3er dollar.c. 0.90 3er dollar.d. 3.60 3er dollar.3. Suppose the exchange rate between the Japanese yen and the U.S. dollar is 100 yen per dollar. A Japanese stereo with a price of 60,000 yen will cost: 假设日元对美元的汇率是1

43、0 0比1,那么一台日元为6 0 0 0 0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 exchange rate between the won and the dollar is:Aa. 1.5 won per dollar 呢题太简单,不屑译自己睇b. 0.75 won per dollarc

44、. $1.50 per wond. $3 per won5. The D exchange rate is the price fora immediatecurrency exchange.即时汇率是指外汇的即时价格a. Currentb. Forwardc. Futured. Spot6. The B exchange rate is the price set now for anexchange 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发生的汇率a. Currentb. Forwardc. Future

45、 spotd. Spot7. The foreign exchange 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 exchange trades.车艮行和交 易者以电子方式集聚于一起进行外汇的买卖d. L

46、ocated in London.8. D foreign exchange trading involves currencyexchanges done between individuals and banks.小额夕卜汇交易 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 asan intermediary to accomplish trading between two other cur

47、rencies.美元被称为周转货币,由于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. Common currencyd. Primary currency10. Suppose that the exchange value of the British pound is $2 per pound while the exchange value of the Swiss franc is 50 cents per franc. From this we can conclude that the exchange

48、 rate between the pound and the franc is:D 计算题,到时由中文题自己计啦 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 exchange market? D 下歹哪个不是夕卜 汇交易市场中银行间操作方式的一种a. Provides a bank with

49、a continuous stream of information on conditions in the foreign exchange 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

50、xchange trading.提供技术资源给一间银行,用来 进行外汇交 易12. Under the managed float system of exchange rates, a fall in themarket price of a currency is called:* 在治理浮动汇率制度下 一种货币价格的下降被称为a. Devaluation.b. Depreciation.贬值c. Appreciation.ord. Both (a) and (b).13. Interbank trading is conducted directly betweenthrough the

51、 use of that provide anonymity until thetrade is complete and reduce search costs. 银行间的交易是在交 易者之间进行的或者通过经纪人提供操作直到交易结束.a. Traders; brokersb. Brokers; tradersc. Individual consumers; the governmentd. Individual consumers; brokers14. A country ' s demand for foreign currency is derived froiA: 一个国家对

52、外汇的需求来自于表示外国货币需求增加,本国货 币流由a. International transactions entering the debit column of itsbalance of payments accounts. 国际交易进入至慎收款帐户 的借方栏里b. International transactions entering the surplus column of its balance of payments accounts.c. The country ' s demand for currency to finance exports and capi

53、tal inflows.d. The country ' s demand for currency to finance its government compensating transactions.15. U.S. exports of goods and services will create a Bforeign currency and a U.S. dollars.美国商品与服务的由口会创造由外汇的供应以及美元的需求a. Demand for; supply ofb. Supply of; demand forc. Shortage of; demand ford.

54、Supply of; shortage of16. U.S. imports of goods and services will create a A_foreign currency and a U.S. dollars. 美国商品与效劳的进口会创造由外汇的需求以及美元的供应a. Demand for; supply ofb. Supply of; demand forc. Shortage of; demand ford. Supply of; shortage of17. U.S. capital inflows will create a B_foreign currencyand

55、a U.S. dollars.美国资本流入会创造由外汇的供应和美元的需求a. Demand for; supply ofb. Supply of; demand forc. Shortage of; demand ford. Supply of; shortage of18. In a C exchange rate system there is no interventionby the government or central bankers. 浮动汇率制度里 , 政府与 中央银行不得进行干预a. Fixedb. Peggedc. Floatingd. Managed float19.

56、 As the value of the yen falls relative to the U.S. dollar:“ 如果日 元对美元的汇率下降了,那么对日元的需求会上升a. Japanese goods become more expensive to U.S. consumers.b. The supply of dollars will fall.c. The demand for yen will rise.d. U.S. goods become less expensive to Japanese consumers.20. The demand curve for forei

57、gn currency slopes downward because as the exchange rate A the quantity demanded.外汇的需求曲线会下降是由于随着汇率的上升 需求量就下降a. Increases; decreasesb. Increases; increasesc. Decreases; decreasesd. Decreases; stays fixed21. Shifts in demand away from French products and toward U.S. products (caused by forces other than changes in the exchange rate) would result in extra attempts to C|euros anddollars.如果法国商品的需求下降并转稳到美国商 品身上由外力而是汇率引起,会引起欧元的额外卖与美元 的购入a. Buy; buy b. Sell; sell c. Sell; buy d. Buy; sell22. Other things equal, if American exports to Japan increase and