最新Chapter 5 Practice questions and answer keys说课材料.doc

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1、__________________________________________________Lecture#3–PracticeQuestions–InternationalFinancialManagement456Chapter5–TheMarketforForeignExchange1.Mostforeignexchangetransactionsarefor  A. interventionbycentralbanks. B. interbanktradesbetweeninternationalbanksornonbankdealers. C. retailtrade. D

2、. purchaseofhardcurrencies.2.Thedifferencebetweenabrokerandadealeris  A. dealersselldrugs;brokerssellhouses. B. brokersbringtogetherbuyersandsellers,butcarrynoinventory;dealersstandreadytobuyandsellfromtheirinventory. C. brokerstransactinstocksandbonds;currencyisboughtandsoldthroughdealers. D. none

3、oftheabove3. Interventionintheforeignexchangemarketistheprocessof  A. acentralbankrequiringthecommercialbanksofthatcountrytotradeatasetpricelevel. B. commercialbanksindifferentcountriescoordinatingeffortsinordertostabilizeoneormorecurrencies. C. acentralbankbuyingorsellingitscurrencyinordertoinflue

4、nceitsvalue. D. thegovernmentofacountryprohibitingtransactionsinoneormorecurrencies.4.Thespotmarket  A. involvesthealmost-immediatepurchaseorsaleofforeignexchange. B. involvesthesaleoffutures,forwards,andoptionsonforeignexchange. C. takesplaceonlyonthefloorofaphysicalexchange. D. alloftheabove.5. U

5、singthetableshown,whatisthemostcurrentspotexchangerateshownforBritishpounds?UseadirectquotefromaU.S.perspective.  A. $1.61=£1.00 B. $1.60=£1.00 C. $1.00=£0.625 D. $1.72=£1.006.Supposethatthecurrentexchangerateis€0.80=$1.00.Thedirectquote,fromtheU.S.perspectiveis  A. €1.00=$1.25. B. €0.80=收集于网络，如有侵权

6、请联系管理员删除__________________________________________________$1.00. C. £1.00=$1.80. D. Noneoftheabove1.Supposethatthecurrentexchangerateis€1.00=$1.60.Theindirectquote,fromtheU.S.perspectiveis  A. €1.00=$1.60. B. €0.6250=$1.00. C. €1.60=$1.00. D. Noneoftheabove2.TheBidprice  A. isthepricethatthedealerh

7、asjustpaidforsomething,hishistoricalcostofthemostrecenttrade. B. isthepricethatadealerstandsreadytopay. C. refersonlytoauctionslikeeBay,notoverthecountertransactionswithdealers. D. isthepricethatadealerstan