国际金融英文版习题chapter-3

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1、INTERNATIONALFINANCEAssignmentProblems(3)Name:Student#:I.Choosethecorrectanswerforthefollowingquestions(onlyONEcorrectanswer)(2creditsforeachquestion,totalcredits2x25=50)1.InterbankquotationsthatincludetheUnitedStatesdollarsareconventionallygivenin__________,whichstatetheforeigncurrencypr

2、iceofoneU.S.dollar,suchasabidpriceofSFr0.85/$.A.indirectquoteB.directquoteC.AmericanquoteD.Europeanquote2.Thespotexchangeratepublishedinfinancialnewspapersisusuallythe__________.A.nominalexchangerateB.realexchangerateC.effectiveexchangerateD.equilibriumexchangerate3.Theforeignexchangerefe

3、rstothe__________.A.foreignbanknotesandcoinsB.demanddepositsinforeignbanksC.foreignsecuritiesthatcanbeeasilycashedD.alloftheabove4.Thefunctionsoftheforeignexchangemarketcomedownto__________.A.convertingthecurrencyofonecountryintothecurrencyofanotherB.providingsomeinsuranceagainsttheforeig

4、nexchangeriskC.makingtheforeignexchangespeculationeasyD.OnlyAandBaretrue.5.WhichofthefollowingisNOTtrueregardingtheforeignexchangemarket?A.Itistheplacethroughwhichpeopleexchangeonecurrencyforanother.B.Theexchangeratenowadaysismainlydeterminedbythemarketforces.C.Mostforeignexchangetransact

5、ionsarephysicallycompletedinthismarket.D.Alloftheabovearetrue.6.Theworldlargestforeignexchangemarketsare__________respectively.A.London,NewYorkandTokyoB.London,ParisandFrankfurtC.London,HongKongandSingaporeD.London,ZurichandBahrain87.TheforeignexchangemarketisNOTefficientbecause__________

6、.A.monetaryauthoritiesdominatetheforeignexchangemarketandeverybodyknowsthatbydefinition,centralbanksareinefficientB.commercialbanksandotherparticipantsofthemarketdonotcompetewithoneanotherduetothefactthattransactiontakesplacearoundtheworldandnotinasinglecentralizedlocationC.foreignexchang

7、edealershavedifferentpricessuchasbidandaskpricesD.Noneofthereasonslistedarecorrectbecausetheforeignexchangemarketisanefficientmarket8.__________earnaprofitbyabid-askspreadoncurrenciestheybuyandsell.__________ontheotherhand,earnaprofitbybringingtogetherbuyersandselle