Test bank International Finance MCQ (word)Chap 6

《Test bank International Finance MCQ (word)Chap 6》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、FundamentalsofMultinationalFinance,3e(Moffett)15Chapter615InternationalParityConditions156.115MultipleChoiceandTrue/FalseQuestions151)15Ifanidenticalproductcanbesoldintwodifferentmarkets,andnorestrictionsexistonthesaleortransportationcosts,theproduct'spriceshould

2、bethesameinbothmarkets.Thisisknowas15A)15relativepurchasingpowerparity.15B)15interestrateparity.15C)15thelawofoneprice.15D)15equilibrium.15Answer:15C15Topic:15TheLawofOnePrice15Skill:15Recognition152)15________statesthatthespotexchangerateisdeterminedbytherelativ

3、epricesofsimilarbasketsofgoods.15A)15Absolutepurchasingpowerparity15B)15Relativepurchasingpowerparity15C)15Interestrateparity15D)15TheFisherEffect15Answer:15A15Topic:15PPP15Skill:15Recognition153)15TheEconomistpublishesannuallythe"BigMacIndex"bywhichtheycompareth

4、epricesoftheMcDonald'sCorporation'sBigMachamburgeraroundtheworld.Theindexestimatestheexchangeratesforcurrenciesbasedontheassumptionthattheburgersinquestionarethesameacrosstheworldandtherefore,thepriceshouldbethesame.IfaBigMaccosts$2.54intheUnitedStatesand294yenin

5、Japan,whatistheestimatedexchangerateofyenperdollarashypothesizedbytheHamburgerindex?15A)15$0.0086/¥15B)15124¥/$15C)15$0.0081/¥15D)15115.75¥/$15Answer:15D15Topic:15PPP15Skill:15Analytical154)15Ifthecurrentexchangerateis113JapaneseyenperU.S.dollar,thepriceofaBigMac

6、hamburgerintheUnitedStatesis$3.41,andthepriceofaBigMachamburgerinJapanis280yen,thenotherthingsequal,theBigMachamburgerinJapanis________.15A)15correctlypriced15B)15underpriced15C)15overpriced15D)15notenoughinformationtodetermineifthepriceisappropriateornot15Answer

7、:15B15Topic:15PPP15Skill:15Analytical155)15ThepriceofaBigMacintheU.S.is$3.41andthepriceinMexicoisPeso29.0.WhatistheimpliedPPPofthePesoperdollar?15A)15Peso8.50/$115B)15Peso10.8/$115C)15Peso11.76/$115D)15Noneoftheabove15Answer:15A15Topic:15PPP15Skill:15Analytical15

8、6)15TheimpliedPPPrateofexchangeofMexicanPesosperU.S.dollaris8.50accordingtotheBigMacIndex.ThecurrentexchangerateisPeso10.8/$1.Thus,accordingtoPPPandtheLawofOne