国际经济学题库 - 图文

International Economics, 8e (Krugman)

Chapter 13 Exchange Rates and the Foreign Exchange Market: An Asset Approach 13.1 Exchange Rates and International Transactions

1) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the

exchange rate is 1.25 dollars per one British pound? A) 50 dollars

B) 60 dollars

C) 70 dollars

D) 62.5 dollars

E) 40 British pounds

Answer: D

Question Status: Previous Edition

2) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the

exchange rate is 1.50 dollars per one British pound? A) 50 dollars

B) 60 dollars

C) 70 dollars

D) 80 dollars

E) 75 dollars

Answer: E

Question Status: Previous Edition

3) How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the

exchange rate is 1.80 dollars per one British pound? A) 40 dollars

B) 90 dollars

C) 50 dollars

D) 100 dollars

E) 95 dollars

Answer: B

Question Status: Previous Edition

4) The Japanese currency is called the

A) DM. B) Yen.

C) Euro.

D) Dollar.

E) Pound.

Answer: B

Question Status: Previous Edition

5) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange

rate is 1.50 dollars per British pound? A) 10 British pounds

B) 20 British pounds

C) 30 British pounds

D) 35 British pounds

E) 25 British pounds

Answer: C

Question Status: Previous Edition

1

6) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange

rate is 1.80 dollars per British pound? A) 10 British pounds

B) 25 British pounds

C) 20 British pounds

D) 30 British pounds

E) 40 British pounds

Answer: B

Question Status: Previous Edition

7) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange

rate is 2.00 dollars per British pound? A) 22.5 British pounds

B) 32.5 British pounds

C) 12.5 British pounds

D) 40 British pounds

E) 30 British pounds

Answer: A

Question Status: Previous Edition

8) How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange

rate is 1.60 dollars per British pound? A) 38.125 British pounds

B) 28.125 British pounds

C) 48.125 British pounds

D) 58.125 British pounds

E) 18.125 British pounds

Answer: B

Question Status: Previous Edition

9) What is the exchange rate between the dollar and the British pound if a pair of American jeans costs 50

dollars in New York and 100 Pounds in London? A) 1.5 dollars per British pound

B) 0.5 dollars per British pound

C) 2.5 dollars per British pound

D) 3.5 dollars per British pound

E) 2 dollars per British pound

Answer: B

Question Status: Previous Edition

10) What is the exchange rate between the dollar and the British pound if a pair of American jeans costs 60

dollars in New York and 30 Pounds in London? A) 1.5 dollars per British pound

B) 0.5 dollars per British pound

C) 2.5 dollars per British pound

D) 3.5 dollars per British pound

E) 2 dollars per British pound

Answer: E

Question Status: Previous Edition

2

11) When a country's currency depreciates,

A) foreigners find that its exports are more expensive, and domestic residents find that imports from

abroad are more expensive.

B) foreigners find that its exports are more expensive, and domestic residents find that imports from

abroad are cheaper.

C) foreigners find that its exports are cheaper; however, domestic residents are not affected.

D) foreigners are not affected, but domestic residents find that imports from abroad are more expensive.

E) None of the above.

Answer: E

Question Status: Previous Edition

12) An appreciation of a country's currency,

A) decreases the relative price of its exports and lowers the relative price of its imports.

B) raises the relative price of its exports and raises the relative price of its imports.

C) lowers the relative price of its exports and raises the relative price of its imports.

D) raises the relative price of its exports and lowers the relative price of its imports.

E) None of the above.

Answer: D

Question Status: Previous Edition

13) Which one of the following statements is the most accurate?

A) A depreciation of a country's currency makes its goods cheaper for foreigners.

B) A depreciation of a country's currency makes its goods more expensive for foreigners.

C) A depreciation of a country's currency makes its goods cheaper for its own residents.

D) A depreciation of a country's currency makes its goods cheaper.

E) None of the above.

Answer: A

Question Status: Previous Edition

14) Which of the following statements is the most accurate?

A) The U.S. and Canadian dollar have traded roughly at par since 1970.

B) The exchange rate (U.S.$ per Canadian$) has always been less than one since 1970.

C) The U.S. and Canadian dollar traded roughly at par in the early 1970s and as of 2006, is nearing par as

the Canadian dollar rises.

D) The U.S. and Canadian dollar traded roughly at par in the early 1970s and as of 2006, is nearing par as

the Canadian dollar falls. E) None of the above.

Answer: C

Question Status: Previous Edition

15) If the goods' money prices do not change, an appreciation of the dollar against the pound

A) makes British sweaters cheaper in terms of American jeans.

B) makes British sweaters more expensive in terms of American jeans.

C) doesn't change the relative price of sweaters and jeans.

D) makes American jeans cheaper in terms of British sweaters.

E) None of the above.

Answer: A

Question Status: Previous Edition

3

16) If the goods' money prices do not change, a depreciation of the dollar against the pound

A) makes British sweaters cheaper in terms of American jeans.

B) makes British sweaters more expensive in terms of American jeans.

C) makes American jeans more expensive in terms of British sweaters.

D) doesn't change the relative price of sweaters and jeans.

E) None of the above.

Answer: B

Question Status: Previous Edition

17) In the year 2000, Americans flocked to Paris. What economic forces made French goods appear so cheap to

residents of the United States?

Answer: One major factor was a sharp fall in the dollar price of France's currency after 1998.

Question Status: Previous Edition

18) Based on the case study, \

costly to the Toronto Blue Jays baseball team than errors in the field.

Answer: See end of Section 1. The Toronto team has most of its revenue paid in Canadian dollars, but most of

its expenses are players' salaries paid in U.S. dollars. Since the Canadian dollar has depreciated

substantially, it causes big losses for the team by raising its expenses relative to its receipts. To protect itself from the vagaries of the exchange rate, the team tries to predict its need for U.S. dollars ahead of time so that it can sell Canadian dollars and purchase the American currency in advance to lock in the exchange rate. Errors in the currency market can thus be more costly to the team than on the field.

Question Status: Previous Edition

4

19) Compute how many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British

pounds for the following exchange rates?

Answer:

Question Status: Previous Edition

5

20) Compute how many British pounds would it cost to buy a pair of American designer jeans costing $45?

Answer:

Question Status: Previous Edition

6

21) Find the exchange rate between the dollar and the British pounds for the following cases:

Answer:

Question Status: Previous Edition

13.2 The Foreign Exchange Market

1) The largest trading of foreign exchange occurs in

A) New York.

B) London.

C) Tokyo.

D) Frankfurt.

E) Singapore.

Answer: B

Question Status: Previous Edition

7

2) Which of the following type of funds cater to wealthy individuals, are not bound by government regulations,

and are actively traded in foreign exchange markets? A) Pension funds

B) Mutual funds

C) Hedge funds

D) Exchange funds

Answer: C

Question Status: New

3) The future date on which the currencies are actually exchanged is called what?

A) the value date

B) the spot exchange date

C) the two -day window D) the commitment date

E) None of the above.

Answer: A

Question Status: Previous Edition

4) In 2004

A) 20 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.

B) 10 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.

C) 30 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.

D) 40 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.

E) 90 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.

Answer: E

Question Status: Previous Edition

5) Which one of the following statements is the most accurate?

A) Spot exchange rates are always higher than forward exchange rates.

B) Spot exchange rates are always lower than forward exchange rates.

C) Spot exchange rates and forward exchanges rates are always equal.

D) Spot exchange rates and forward exchanges rates are equal when the value date and the date of the

spot transaction are the same. E) None of the above.

Answer: D

Question Status: Previous Edition

6) Forward and spot exchange rates

A) are necessarily equal.

B) do not move closely together.

C) are always such that the forward exchange rate is higher.

D) do move closely together, but are not necessarily equal.

E) None of the above.

Answer: D

Question Status: Previous Edition

8

7) A foreign exchange swap

A) is a spot sale of a currency.

B) is a forward repurchase of the currency.

C) is a spot sale of a currency combined with a forward repurchase of the currency.

D) is a spot sale of a currency combined with a forward sale of the currency.

E) None of the above.

Answer: C

Question Status: Previous Edition

8) Nondeliverable forward exchange markets in centers such as Hong Kong and Singapore help to circumvent

which problem?

A) loss of goods shipped from Hong Kong and Singapore

B) inconvertible currencies cannot be traded in foreign markets.

C) lag between the spot exchange date and the value date

D) high travel costs from Asia to 'traditional' foreign exchange markets

E) None of the above.

Answer: B

Question Status: Previous Edition

9) The following is an example of Radio Shack hedging its foreign currency risk:

A) needing to pay 9,000 yen per radio to its suppliers in a month, Radio Shack makes a forward -exchange deal to buy yen.

B) needing to pay 9,000 yen per radio to its suppliers in a month, Radio Shack makes a forward -exchange deal to sell yen.

C) needing to pay 9,000 yen per radio to its suppliers in a month, Radio Shack buys yen at a spot -exchange 1 month from now.

D) needing to pay 9,000 yen per radio to its suppliers in a month, Radio Shack sells yen at a spot -exchange 1 month from now. E) None of the above.

Answer: A

Question Status: Previous Edition

10) Which of the following is NOT an example of a financial derivative?

A) forwards

B) bonds

C) swaps

D) futures

E) options

Answer: B

Question Status: Previous Edition

11) Which major actor is at the center of the foreign exchange market?

A) corporations

B) central banks

C) commercial banks D) non -bank financial institutions E) None of the above.

Answer: C

Question Status: Previous Edition

9

12) Which of the following is NOT a major actor in the foreign exchange market?

A) corporations

B) central banks

C) commercial banks D) non -bank financial institutions E) tourists

Answer: E

Question Status: Previous Edition

13) By April 2004,

A) only about 10 percent of foreign exchange trades were against euros.

B) only about 24 percent of foreign exchange trades were against euros.

C) only about 37 percent of foreign exchange trades were against euros.

D) only about 42 percent of foreign exchange trades were against euros.

E) only about 60 percent of foreign exchange trades were against euros.

Answer: C

Question Status: Previous Edition

14) Which of the following statements is true about a vehicle currency?

A) It is widely used to denominate contracts made by parties who reside in the country that issues the

vehicle currency.

B) The dollar is sometimes called a vehicle currency because of its pivotal role in many foreign exchange

deals.

C) There is much skepticism that the euro will ever evolve into a vehicle currency on par with the dollar.

D) The pound sterling, once second only to the dollar as a key international currency, is beginning to rise

in importance. E) Only A and C.

Answer: B

Question Status: Previous Edition

15) The action of arbitrage is

A) the process of buying a currency cheap and selling it dear.

B) the process of buying a currency dear and selling it cheap.

C) the process of buying and selling currency at the same price.

D) the process of selling currency at different prices in different markets.

E) None of the above.

Answer: A

Question Status: Previous Edition

16) Futures contracts differ from forward contracts in that

A) future contracts ensures you will receive a certain amount of foreign currency at a specified future date.

B) future contracts bind you into your end of the deal.

C) future contracts allow you to sell your contract to an organized futures exchange.

D) future contracts are a disadvantage if your views about the future spot exchange rate are to change.

E) futures contracts don't allow you to realize a profit of a loss right away.

Answer: C

Question Status: Previous Edition

10

17) Exxon Mobil want to pay

本文来源：https://www.bwwdw.com/article/340g.html