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1、AssignmentOneforFIN340AnswerSheetQuestion11234567891011121314151617181920Question28Question38Question1MultipleChoiceQuestions1. Thetradebalance,whichisthedifferencebetweenacountry'sexportsandimports,isacomponentofthecountry'sGDP.OthercomponentsofGDPinclude A. Consump
2、tionandinvestmentandgovernmentexpenditure.B. Consumptionandgovernmentexpenditureandnetexports.C. Consumptionandnetexportsandgovernmentexpenditure.D. Consumptionlessimports.2. IftheUnitedStatesimportsmorethanitexports,thenthismeansthat A. Thesupplyofdollarsislikelytoe
3、xceedthedemandintheforeignexchangemarket,ceterisparibus.B. Thedemandfordollarsislikelytoexceedthesupplyintheforeignexchangemarket,ceterisparibus.C. TheU.S.dollarwouldbeunderpressuretoappreciateagainstothercurrencies.D. Bothb)andc)arecorrect3. Generallyspeaking,anytra
4、nsactionthatresultsinareceiptfromforeigners A. Willberecordedasadebit,withanegativesign,intheU.S.balanceofpaymentsB. Willberecordedasadebit,withapositivesign,intheU.S.balanceofpaymentsC. Willberecordedasacredit,withanegativesign,intheU.S.balanceofpaymentsD. Willberec
5、ordedasacredit,withapositivesign,intheU.S.balanceofpayments4. SupposetheMcDonaldsCorporationimportsCanadianbeef,payingforitbytransferringthefundstoaNewYorkbankaccountkeptbytheCanadianBeefproducer. A. PaymentbyMcDonaldswillberecordedasadebitB. Thedepositofthefundsbyth
6、esellerwillberecordedasadebitC. PaymentbyMcDonaldswillberecordedasacreditD. Thedepositofthefundsbythebuyerwillbecredit5. Whenacountry'scurrencydepreciatesagainstthecurrenciesofmajortradingpartners, A. Thecountry'sexportstendtoriseandimportsfall.B. Thecountry'sexports
7、tendtofallandimportsrise.C. Thecountry'sexportstendtoriseandimportsrise.D. Thecountry'sexportstendtofallandimportsfall.86. Withregardtothecapitalaccount A. ThecapitalaccountbalancemeasuresthedifferencebetweenU.S.salesofassetstoforeignersandU.S.purchasesofforeignasset
8、s.B. U.S.sales(orexports)ofassetsarerecordedascredits,astheyresultincapitalinflow.C. U.S.purchases(imports)offoreignassetsarerecord
