国际金融英文版试题chapter4.doc

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1、INTERNATIONALFINANCEAssignmentProblems(4)Name:Student#:I.Choosethecorrectanswerforthefollowingquestions(onlycorrectanswer)(3.5creditsforeachquestion,totalcredits3.5x20=70)1.Theexchangeratesystemrefersto__________.A.acountry’sinternaleconomicpoliciessuchasemployment,infl

2、ationandinterestratelevelsB.acountry’smonetarypoliciesC.acountry’sfiscalpolicesD.acountry’schoiceastowhichexchangerateregimesuchasfixedorfloatingorbetweentofollow2.Theinternationalmonetarysystemisbroadlydefinedas___________.A.thesetofconventions,rules,proceduresandinsti

3、tutionsthatgoverntheconductoffinancialrelationsbetweennationsB.thesetofrulestomanageeverycountry’scentralbanksC.thesetofrulestosolvetradedisputesbetweencountriesD.thesetofrulestodevelopworldeconomy3.Underthegoldstandard,theexchangeratewasfixedbecause__________.A.eachcur

4、rencyunitcouldbeconvertedtoaweightofgoldB.thegoldcouldbeexportedandimportedwithnorestrictionsC.goldcoinscouldbefreelymintedD.alloftheabove4.Whenthegoldstandardprevailed,theUnitedStatesfixedthepriceofgoldat$20.646perounceandtheBritainfixedthepriceat4.252perounce.Nowsuppo

5、sethefeesfortransportingoneounceofgoldwereapproximately$0.03persterlingofgold.Thentheexchangerateofdollarversussterlingwouldfluctuatebetween_________.A.$4.8856/₤and$4.8256/₤B.$4.9042/₤and$4.8070/₤C.$4.9770/₤and$4.7463/₤D.Wedon’tknow,becauseitdependsonthesupplyanddemandf

6、orcesintheforeignexchangemarket5.Underthegoldstandard,theparvalueoftheexchangeratewasdeterminedby__________.A.goldparityoftherelativecurrenciesB.interestrateoftherelativecurrenciesC.demandandsupplyforcesintheforeignexchangemarketD.inflationrateoftherelativecurrencies6.W

7、hichofthefollowingistrueregardingthecollapseofthegoldstandardsystem?A.TheWorldWarIhadmanyEuropeancountriessuspendconvertibilityoftheircurrenciesintogold.B.ThepoliticalcostsofmaintainingtheovervaluedpoundweresogreatintheUnitedKingdom.C.Nationsfacing1929–1933worldwiderece

8、ssiondecidedtopursueobjectivessuchashigheremploymentratesandrealgrowthrates,ratherthantomaintaintheexchangeval