Multinational Financial Management 10th Edition 题库ch07

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1、Chapter7,TheForeignExchangeMarketCHAPTER7TheForeignExchangeMarketEASY(definitional)7.1Mostinternationalcurrencytransactionsareconductedbya)majorbanksb)arbitrageursc)speculatorsd)hedgersAns:aSection:OrganizationoftheForeignExchangeMarketLevel:Easy7.2Exportsofgood

2、sandservicesbytheUnitedStatesby2008totalmorethan_________ofgrossdomesticproduct.a)10%b)20%c)50%d)75%Ans:aSection:IntroductionLevel:Easy7.3Mostcurrencytransactionsarechanneledthroughtheworldwide________marketwhichaccountsfor_______offoreignexchangetransactions.a)

3、stock,50%b)interbank,50%c)interbank,95%d)internet,30%Ans:cSection:OrganizationoftheforeignexchangemarketLevel:Easy7.4Theoverwhelmingmajorityofforeignexchangetransactionsinvolvea)multinationalcorporationsbuyingandsellingforeignexchangeb)importersandexportersbuyin

4、gandsellingforeignexchangec)banksbuyingandsellingforeignexchanged)governmentsbuyingandsellingforeignexchangeAns:cSection:TheparticipantsLevel:EasyChapter7,TheForeignExchangeMarket7.5Theworld'slargestcurrencytradingmarketisa)NewYorkb)Frankfurtc)Tokyod)LondonAns:d

5、Section:SizeLevel:Easy7.6Americantermsreferstothea)numberofU.S.dollarsperunitofforeigncurrencyb)numberofforeigncurrencyunitsperU.S.dollarc)quotationsystemfoundintheUnitedStatesd)bidaskspreadontheU.S.dollarAns:aSection:SpotquotationsLevel:Easy7.7Whenexchangerat

6、esarequotedasthenumberofU.S.dollarsperunitofforeigncurrency,itisreferredtoasa)Americantermsb)Europeantermsc)fixed-exchangetermsd)spot-markettermsAns:aSection:TheSpotMarketLevel:Easy7.8Whenthehomecurrencypriceofacertainfixedquantityoftheforeigncurrencyisquoted,it

7、isreferredtoasthea)indirectquotationb)directquotationc)Europeanquotationd)AmericanquotationAns:bSection:TheSpotMarketLevel:Easy7.9Tradingontheforeignexchangemarketisa)locatedinaphysicalheadquartersinLondonb)takesplacewithinanorganizedexchangeChapter7,TheForeignE

8、xchangeMarketc)conductedbylicensedbrokersfromtheLondonstockexchanged)anelectronicallylinkednetworkofbanks,brokers,anddealersAns:dSection:OrganizationLevel:Easy7.10Tra