Test bank International Finance MCQ (word)chap 3

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1、FundamentalsofMultinationalFinance,3e(Moffett)14Chapter314TheInternationalMonetarySystem143.114MultipleChoiceandTrue/FalseQuestions141)14Thepriceofonecountry'scurrencyinunitsofanothercurrencyorcommodityisthe________.14A)14foreigninterestrate14B)14foreigncurrencyexchangerate14C)14p

2、arvalue14D)14internationalrate14Answer:14B14Topic:14CurrencyTerminology14Skill:14Recognition142)14Acountrythatregulatestherateatwhichitscurrencyisexchangedforallothercurrenciesisconsideredtohavea________exchangeratesystem.14A)14fixedormanaged14B)14floatingorflexible14C)14forward14

3、D)14spot14Answer:14A14Topic:14CurrencyTerminology14Skill:14Recognition143)14YouchecktheYahoo.comcurrencywebpageandfindthattheJapaneseyenistradingatarateof113yenperdollar.Thisrateofexchangeistypicallyreferredtoasthe________.14A)14forwardrate14B)14parrate14C)14spotrate14D)14113rate1

4、4Answer:14C14Topic:14CurrencyTerminology14Skill:14Conceptual144)14Thedropinvalueofacurrencypeggedtogoldoranothercurrencyisknownas________.14A)14revaluation14B)14depreciation14C)14deterioration14D)14devaluation14Answer:14D14Topic:14CurrencyTerminology14Skill:14Conceptual14145)14A__

5、______currencyisexpectedtodevalueordepreciaterelativetomajorcurrencies.14A)14softorweak14B)14hardorstrong14C)14deteriorated14D)14devalued14Answer:14A14Topic:14CurrencyTerminology14Skill:14Conceptual146)14Theincreaseinvalueofacurrencypeggedtogoldoranothercurrencyisknownas________.1

6、4A)14appreciation14B)14revaluation14C)14strengthened14D)14hardened14Answer:14B14Topic:14CurrencyTerminology14Skill:14Conceptual147)14Acurrencythathasincreasedinforeignexchangevaluerelativetoafloatingratecurrencyhas________.14A)14revalued14B)14violatedinternationaltradeagreements14

7、C)14appreciated14D)14deteriorated14Answer:14C14Topic:14CurrencyTerminology14Skill:14Conceptual148)14Acurrencythathasdecreasedinforeignexchangevaluerelativetoafloatingratecurrencyhas________.14A)14revalued14B)14appreciated14C)14devalued14D)14depreciated14Answer:14D14Topic:14Currenc

8、yTerminology14Skill:14Conceptual1