金融市场与机构madura第九版题库ch16精选

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1、ForeignExchangeDerivativeMarketsv13Chapter16ForeignExchangeDerivativeMarkets1.Atanygivenpointintime,thepriceatwhichbankswillbuyacurrencyis____________thepriceatwhichtheysellit.A)higherthanB)lowerthanC)thesameasD)noneoftheaboveANSWER:B2.Whichofthefollowing

2、ismostlikelytoprovidecurrencyforwardcontractstotheircustomers?A)commercialbanksB)internationalmutualfundsC)brokeragefirmsD)insurancecompaniesANSWER:A3.The_____________allowedforthedevaluationofthedollarin1971.A)BrettonWoodsAgreementB)LouvreAccordC)Smithso

3、nianAgreementD)noneoftheaboveANSWER:C4.TheBrettonWoodsErawastheeraA)offreefloatingexchangerates.B)offloatingrateswithoutboundaries,butsubjecttogovernmentintervention.C)inwhichgovernmentsmaintainedexchangerateswithin1percentofaspecifiedrate.D)inwhichexcha

4、ngeratesweremaintainedwithin10percentofaspecifiedrate.ANSWER:C5.AsystemwherebyexchangeratesaremarketdeterminedwithoutboundariesbutsubjecttogovernmentinterventioniscalledA)adirtyfloat.B)afreefloat.C)thegoldstandard.D)theBrettonWoodsera.ANSWER:A©2010Cengag

5、eLearning.AllRightsReserved.ThiseditionisintendedforuseoutsideoftheU.S.only,withcontentthatmaybedifferentfromtheU.S.Edition.Maynotbescanned,copied,duplicated,orpostedtoapubliclyaccessiblewebsite,inwholeorinpart.ForeignExchangeDerivativeMarketsv136.Asystem

6、wherebyonecurrencyismaintainedwithinspecifiedboundariesofanothercurrencyorunitofaccountisaA)peggedsystem.B)freefloat.C)dirtyfloat.D)managedfloat.ANSWER:A7.Acountrythatpegsitscurrencyisstillabletomaintaincompletecontroloveritslocalinterestrates.A)TrueB)Fa

7、lseANSWER:B8.IfthedemandforBritishpounds______,thepoundwill______,otherthingsbeingequal.A)increases;appreciateB)decreases;appreciateC)increases;depreciateD)BandCANSWER:A9.A(n)_________inthesupplyofeurosforsalewillcausetheeuroto_________.A)increase;appreci

8、ateB)increase;depreciateC)decrease;depreciateD)noneoftheaboveANSWER:B10.Beginningwithanequilibriumsituation,ifEuropeaninflationsuddenly______thanU.S.inflation,thisforced______pressureonthevalueoftheeuro.A)becomesmu