國際金融中英文版答案)

1、.國際金融中英文版Chapter 2:Payments among NationsSingle-Choice Questions1. A country s balance of payments records: 一個國家的國際收支平衡記錄了Ba. The value of all exports of goods and services from that country for a period of time.b. All flows of value between that c ountry s residents andresidents of the rest of the

2、world during a period of time.在一定時間段里 , 一個國家居民的資產(chǎn)和其它世界居民資產(chǎn)的流動c. All flows of financial assets that cross that country s borduring a period of time.d. All flows of goods into that country during a period of time.2. A credit item in the balance of payments is:在國際收支平衡里的貸項是Aa. An item for which the coun

3、try must be paid.一個國家必須收取的條款b. An item for which the country must pay.c. Any imported item.d. An item that creates a monetary claim owed to a foreigner.3. Every international exchange of value is entered into the balance-of-payments accounts _ time(s). 每一次國際等價交換都記進(jìn)國際收支帳戶次Ba. 1b. 2;.c. 3d. 44. A debi

4、t item in the balance of payments is:在國際收支平衡中的借項是Ba. An item for which the country must be paid.b. An item for which the country must pay.一個國家必須支付的條款c. Any exported item.d. An item that creates a monetary claim on a foreigner.5. In a nations balance of payments, which one of the following items isal

5、ways recorded as a positive entry?D在國際收支中, 下列哪個項目總被視為有利條項a. Changes in foreign currency reserves.b. Imports of goods and services.c. Military foreign aid supplied to allied nations.d. Purchases by foreign travelers visiting the country. 國外游客在本國發(fā)生的購買6. The sum of all of the debit items in the balance

6、 of payments:在收支平衡中 ,所有貸項的總和Ba. Equals the overall balance.b. Equals the sum of all credit items. 等于所有借項的總和c. Equals compensating transactions.d. Equals the sum of credit items minus errors and omissions.;.7. Which of the following capital transactions are entered as debits inthe U.S. balance of pay

7、ments?下列哪個資本交易在美國的收支平衡中當(dāng)作借項？Ba. A U.S. resident transfers $100 from his account at Credit Suisse in Basel (Switzerland) to his account at a San Francisco branch of Wells Fargo Bank.b. A French resident transfers $100 from his account at Wells Fargo Bank in San Francisco to his Credit Suisse account

8、inBasel.一個法國居民在舊金山的Fargo Bank 用其帳戶轉(zhuǎn)帳美金到位于巴塞爾的瑞士信貸戶口c. A U.S. resident sells his IBM stock to a French resident.d. A U.S. resident sells his Credit Suisse stock to a French resident.8. An increase in a nations financial liabilities to foreign residents is a:一個國家對另一個國家金融負(fù)債的增加是一種Ca. Reserve inflow.b. R

9、eserve outflow.c. Capital inflow. 資本流入d. Capital outflow.9. _A_ are money-like assets that are held by governments and that are recognized by governments as fully acceptable for payments between them. 官方國際儲備資產(chǎn)是一種類似于錢的資產(chǎn)，這種資產(chǎn)由政府掌握并作為政府間的一種支付手段得到充分認(rèn)可 .a. Official international reserve assets 官方國際儲備資產(chǎn)b

10、. Unofficial international reserve assetsc. Official domestic reserve assetsd. Unofficial domestic reserve assets;.10.Which of the following is considered a capitalinflow ?下列哪項被視為資本流入Aa. A sale of U.S. financial assets to a foreign buyer.美國一金融資產(chǎn)賣給一外國買家b. A loan from a U.S. bank to a foreign borrower

11、.c. A purchase of foreign financial assets by a U.S. buyer.d. A U.S. citizen s repayment of a loan from a foreign bank.11. In a country s balance of payments, which of the following transactions are debits?一個國家的收支平衡表中 ,哪個交易屬于借項？Aa. Domestic bank balances owned by foreigners are decreased.外國人擁有的國內(nèi)銀行資

12、產(chǎn)的下降b. Foreign bank balances owned by domestic residents are decreased.c. Assets owned by domestic residents are sold to nonresidents.d. Securities are sold by domestic residents to nonresidents.12.The role of _D _ is to direct one nationsavingssintoanother nation s investments:資金流的作用是指導(dǎo)一個國家的儲蓄進(jìn)入到另一

13、個國家的投資a. Merchandise trade flowsb. Services flowsc. Current account flowsd. Capital flows資金流13. The net value of flows of goods, services, income, and unilateral transfers is called the: 商品 ,服務(wù) ,收入和單方面轉(zhuǎn)讓等現(xiàn)金流的凈收益叫經(jīng)常賬目（戶） B;.a. Capital account.b. Current account.經(jīng)常賬目（戶）c. Trade balance.d. Official res

14、erve balance.14. The net value of flows of financial assets and similar claims (excluding official international reserve asset flows) is called the:金融資產(chǎn)和類似的資產(chǎn)（官方國際儲備資產(chǎn)流除外）的凈值流叫 Aa. Financial account. 金融帳b. Current account.c. Trade balance.d. Official reserve balance.15. The financial account in the

15、U.S. balance of payments includes:美國國家收支表中的金融帳包括：Ba. Everything in the current account.b. U.S. government payments to other countries for the use of military bases.美政府采用其它國家軍事基地所需支付款項c. Profits that Nissan of America sends back to Japan.d. New U.S. investments in foreign countries.16. U.S. resident

16、increasing her holdings of a foreign financial assetcauses a:一個美國居民增持一外國金融資產(chǎn)會引起Da. Credit in the U.S. current account.b. Debit in the U.S. current account.c. Credit in the U.S. capital account.d. Debit in the U.S. capital account. 美國資本帳的借帳;.17.A foreign resident increasing her holdings of a U.S. fin

17、ancial assetcauses a:一個美國居民增持本國一金融資產(chǎn)會引起Ca. Credit in the U.S. current account.b. Debit in the U.S. current account.c. Credit in the U.S. capital account. 美國資本帳的貸帳 d. Debit in the U.S. capital account.18.A deficit in the current account:經(jīng)常帳戶中的赤字Aa. Tends to cause a surplus in the financial account.會導(dǎo)

18、致金融帳中的盈余b. Tends to cause a deficit in the financial account.c. Has no relationship to the financial account.d. Is the result of increasing exports and decreasing imports.19. In September, 2005, exports of goods from the U.S. decreased $3.3 billion to $73.4 billion, and imports of goods increased $3

19、.8 billion to$144.5 billion. This increased the deficit in:2005年 8 月 ,美國商品出口降低了 33 億美元 ,共 734 億美元；商品進(jìn)口上升到1145 億美元 ,上長了 38 億 .這樣增加了哪個方面的赤字？ C a. The balance of payments.b. The financial account.c. The current account.經(jīng)常帳戶d. Unilateral transfers.20.Which of the following would contribute to a U.S. cur

20、rent accountsurplus?以下哪項有助于美國現(xiàn)金帳的盈余？Ba. The United States makes a unilateral tariff reduction on imported goods.;.b. The United States cuts back on American military personnel stationed in Japan.美國削減在日本的軍事人員c. U.S. tourists travel in large numbers to Asia.d. Russian vodka becomes increasingly popula

21、r in the United States.21. Which of the following transactions is recorded in the financial account?以下哪個交易會被當(dāng)作金融帳 Aa. Ford motor company builds a new plant in China福特摩托公司在中國設(shè)立車間b. A Chinese businessman imports Ford automobiles from the United States.c. A U.S. tourist spends money on a trip to China.

22、d. The New York Yankees are paid $10 million by the Chinese to play an exhibition game in Beijing, China.22.If a British business buys U.S. government securities, how will thisbe entered in the balance of payments? 如果一英國商人購買了美國政府的債券 ,那么這個交易在收支平衡表中會被當(dāng)作是？Ca. It will appear in the trade account as an i

23、mport.b. It will appear in the trade account as an export.c. It will appear in the financial account as an increase in U.S. assets held by foreigners.會被當(dāng)作是外國人所有的美國資產(chǎn)增長d. It will appear in the financial account as a decrease in U.S. assets held by foreigners.;.23.In the balance of payments, the stati

24、stical discrepancy or error term isused to:在收支平衡表中,統(tǒng)計差異與錯誤項目會用來確保借帳總和跟貸帳總和一致Aa. Ensure that the sum of all debits matches the sum of all credits.b. Ensure that imports equal the value of exports.c. Obtain an accurate account of a balance-of-payments deficit.d. Obtain an accurate account of a balance

25、-of-payments surplus.24.Official reserve assets are:官方儲備資產(chǎn)是Ba. The gold holdings in the nation s central bank.b. Money like assets that are held by governments and that are recognized by governments as fully acceptable for paymentsbetween them. 官方國際儲備資產(chǎn)是一種類似于錢的資產(chǎn)， 這種資產(chǎn)由政府掌握并作為政府間的一種支付手段得到充分認(rèn)可c. Gove

26、rnment T-bills and T-bonds.d. Government holdings of SDRs25. Which of the following constitutes the largest component of the world s international reserve assets? 下列哪項構(gòu)成了世界國際儲備資產(chǎn)的大部份？Da. Gold.b. Special Drawing Rights.c. IMF Reserve Positions.d. Foreign Currencies. 外匯（幣）26. The net accumulation of f

27、oreign assets minus foreign liabilities is:海外凈資產(chǎn)的積累減去外債等于 Ca. Net official reserves.b. Net domestic investment.;.c. Net foreign investment. 國外投資凈值 d. Net foreign deficit.27.A country experiencing a current account surplus:一個國家經(jīng)歷經(jīng)常帳戶的盈余Ba. Needs to borrow internationally.b. Is able to lend internatio

28、nally. 就有能力向外放貸c. Must also have had a surplus in its overall balance.d. Spent more than it earned on its merchandise and service trade, international income payments and receipts and international transfers.28. The _C_ measures the sum of the current account balance plus the private capital account

29、 balance. 官方結(jié)算差額是指經(jīng)常帳戶余額的總和加上私人資本帳 （B=CA+FA,FA: 為非官方投資和儲備）a. Official capital balanceb. Unofficial capital balancec. Official settlements balance 官方結(jié)算差額d. Unofficial settlements balance29. If the overall balance is in _A_, there is an accumulation of official reserve assets by the country or a decre

30、ase in foreign officialreserve holdings of the countrys assets. 如果綜合差額處于盈余， 那么會出現(xiàn)本國官方儲備資產(chǎn)的積累或者國外官方儲備的減少（ B=CA+FA,B+OR=0 ， OR: 官方儲備金額）a. Surplus 盈余b. Deficitc. Balanced. Foreign hands;.30.Which of the following is the current account balance NOT equal to?以下哪項不等同于現(xiàn)金帳Da. The difference between domestic

31、 product and domestic expenditure.b. The difference between national saving and domestic investment.c. Net foreign investment.d. The difference between government saving and government investment. 政府儲蓄與政府投資的差值True/False Questions31.Capital inflows are debits and capital outflows are credits.資金流入是借項，

32、資金外流是貸項32.The net value of the flow of goods, services, income, and gifts is thecurrent account balance.(T)商品 ,服務(wù) ,收入和單方面轉(zhuǎn)讓等現(xiàn)金流的凈收益叫經(jīng)常賬目余額33.The net flow of financial assets and similar claims is the privatecurrent account balance. 金融資產(chǎn)和類似的資產(chǎn)的凈值叫經(jīng)常帳目余額34. The majority of countries official reserves

33、assets are now foreign exchange assets, financial assets denominated in a foreign currency;.that is readily acceptable in international transactions. (T)大部份官方儲備資產(chǎn)作為以外匯資產(chǎn)和金融資產(chǎn)為命名的外幣在世界上交易與流通 .35. A countrys financial account balance equals the countrys net foreign investment.一個國家的金融帳差額相當(dāng)于一個國家的凈國外投資36

34、. A country has a current account deficit if it is saving more than it is investing domestically.一個國家如果在國內(nèi)的儲蓄比投資要大,那么會出現(xiàn) 經(jīng)常賬目 赤字37. The official settlements balance measures the sum of the capital account balance plus the public current account balance. 官方結(jié)算差額是資金帳戶余額的總額加上公共經(jīng)常帳戶余額38. A nations intern

35、ational investment position shows its stock ofinternational assets and liabilities at a moment in time. (T)一個國家的國際投資狀況反映出它在特定時間里的國際資產(chǎn)股份以及債務(wù)情況 .39. A nation is a borrower if its current account is in deficit during a time period. (T)在一段時間內(nèi) ,如果一個國家的經(jīng)常帳出現(xiàn)赤字 ,那么它就是借方 .40. A nation is a debtor if its net

36、 stock of foreign assets is positive. 如果一個國家的國外資產(chǎn)凈儲備是正數(shù) ,那么它是借方（債務(wù)方）;.41. A transaction leading to a foreign resident increasing her holdings of a U.S. financial asset will be recorded as a debit on the U.S. financialaccount.如果一項交易引起一外國居民增持美國金融資產(chǎn)的股份,那么這項交易在美國金融帳中會被當(dāng)作借項42. A credit item is an item fo

37、r which a country must pay. 貸項是指一個國家必須還款的條項43. Gold is a major reserve asset that is currently often used in officialreserve transactions. 黃金作為主要的儲備資產(chǎn) ,常被用在官方儲備交易當(dāng)中 .44.The current account balance is equal to the difference betweendomestic product and national expenditure.(T) 經(jīng)常項目余額 等于國民生產(chǎn)與國民支出的差額45

38、. In 2007 U.S. households, businesses and government were buying more goods and services than they were producing.(T) 年 ,美國家庭 ,商業(yè) ,政府購買的商品和服務(wù)比他們生產(chǎn) （商品和服務(wù)） 的要多 .46。你是提供以下信息,一個國家的國際交易,在一個特定年份:;.Service exports$346Service imports$354Merchandise exports$480Merchandise imports$348Income flows, net$153Uni

39、lateral transfers, net$142Increase in the country抯holding of foreign assets, net(excluding official reserves assets)$352Increase in foreign holdings of the country抯assets, net(excluding official reserve assets)$252Statistical discrepancy, net$154CA 余額:$346-354+480-348+153+142=$419 ；官方結(jié)算余額 : $346-354

40、+480-348+153+142+252-352+154=$473 ； Change in official reserve assets (net) =官方結(jié)算余額 =$473. increasing the holding of official reserve assets.Chapter 3:The Foreign Exchange MarketSingle-Choice Questions1. Foreign exchange is:D外匯交易是a. The act of trading different nations不用monies國家貨.幣的交易b. The holdings

41、 of foreign currency.對不同貨幣的持有c. The act of importing foreign goods and services.d. Both (a) and (b) are correct.;.2. If the price of British pounds in terms of U.S. dollars is $1.80 per pound, then the price of U.S. dollars in terms of British pounds is:B如果英磅對美元的匯率是比 . ,那么美元對英磅的匯率是比 .a. 1.80 per dol

42、lar.b. 0.555 per dollar.c. 0.90 per dollar.d. 3.60 per dollar.3. Suppose the exchange rate between the Japanese yen and the U.S. dollar is 100 yen per dollar. A Japanese stereo with a price of60,000 yen will cost:B 假設(shè)日元對美元的匯率是比 , 那么一臺日元為的音響要花多少美元a. $1,667b. $600c. $6,000d. $1004. Suppose that a Kore

43、an television set that costs 600 won in Korea costs $400 in the United States. These prices suggest that the exchange rate between the won and the dollar is:Aa. 1.5 won per dollar 呢題太簡單 ,不屑翻譯 自己睇b. 0.75 won per dollarc. $1.50 per wond. $3 per won5. The _D_ exchange rate is the price for“ immediate ”

44、currency exchange. 即時匯率是指外匯的即時價格a. Currentb. Forwardc. Future;.d. Spot6. The _B_ exchange rate is the price set now for an exchange that will take place sometime in the future. 遠(yuǎn)期匯率是指由協(xié)議雙方預(yù)訂的將來會發(fā)生的匯率a. Currentb. Forwardc. Future spotd. Spot7. The foreign exchange market is:C外匯市場是指a. A single gatheri

45、ng place where traders shout buy and sell orders at each other.b. Located in New York.c. A grouping, by electronic means, of banks and traders who work at banks that conduct foreign exchange trades. 銀行和交易者以電子方式集聚于一起進(jìn)行外匯的買賣d. Located in London.8. _D_ foreign exchange trading involves currency exchang

46、es done between individuals and banks. 小額外匯交易 （散戶外匯交易）包含私人與銀行間的外匯交易a. Interbankb. Consumerc. Intra-bankd. Retail9. The U.S. dollar is called a _A_ because it is often used as an intermediary to accomplish trading between two other currencies.;.美元被稱為周轉(zhuǎn)貨幣 ,因為經(jīng)常被用來完成其它兩種貨幣的交易a. Vehicle currency周轉(zhuǎn)貨幣（交易通

47、貨）b. Main currencyc. Common currencyd. Primary currency10. Suppose that the exchange value of the British pound is $2 perpound while the exchange value of the Swiss franc is 50 cents per franc. From this we can conclude that the exchange rate between the pound and the franc is:D 計算題 ,到時出中文題自己計啦 唔翻啦a

48、. 1 franc per poundb. 2 francs per poundc. 3 francs per poundd. 4 francs per pound11. Which of the following is NOT a function of the interbank operations of the foreign exchange market? D 下列哪一個不是外匯交易市場中銀行間操作方式的一種？a. Provides a bank with a continuous stream of information on conditions in the foreig

49、n exchange market.b. Provides a bank the means to readjust its own position quickly and at low cost.c. Permits a bank to take on a position in a foreign currency quickly.d. Provides a bank with technological resources for use in foreign exchange trading.提供技術(shù)資源給一間銀行 ,用來 進(jìn)行外匯交易;.12. Under the managed

50、float system of exchange rates, a fall in the market price of a currency is called:B 在管理浮動匯率制度下 , 一種貨幣價格的下降被稱為a. Devaluation.b. Depreciation. 貶值c. Appreciation.d. Both (a) and (b).13. Interbank trading is conducted directly between _A_ or through the use of _ that provide anonymity until the trade is complete and reduce search costs. 銀行間的交易是在交易者之間進(jìn)行的或者通過經(jīng)紀(jì)人提供操作直到交易結(jié)束.a. Traders; brokersb. Brokers; tradersc. Individual consumers; the governmentd. Individual consumers; brokers14. A country s demand for foreign currency is d