举一反三
- When a country under a floating exchange rate regime has a deficit in the balance of payments, the government could change in foreign exchange reserves and money supply to affect economic indicators, and further improve its status of balance of payments disequilibrium. （） A: 正确 B: 错误
- When a country runs a persistent deficit in its balance of payment, the government could use foreign exchange reserves to offset the excess demand or supply of foreign exchange to correct the balance of payments disequilibrium.
- When a country runs a persistent deficit in its balance of payment, the government could use foreign exchange reserves to offset the excess demand or supply of foreign exchange to correct the balance of payments disequilibrium. A: 正确 B: 错误
- A country with a surplus in the balance of payments may ( ). A: increase foreign exchange reserves B: enhance ability of external payment C: raise the cost of international trade D: improve it international status
- The more elastic is a nation’s demand and supply of foreign exchange the A: larger is the devaluation or depreciation required to correct a deficit of a given size in the nation’s balance of payments B: smaller is the devaluation or depreciation required to correct a deficit of a given size in the nation’s balance of payments C: less feasible is a flexible exchange rate system D: less feasible is a devaluation as a policy to correct a deficit in the nation’s balance of payments
内容
- 0
The Marshall-Lerner condition can be used to determine ( ). A: Balance of payments B: Impact degree of currency depreciation on international balance of payments C: The impact of exchange rate fluctuations on international balance of payments D: Degree of currency depreciation
- 1
Under a floating exchange rate, the government or central bank ties the official exchange rate to another country's currency or to the price of gold.
- 2
Which one is not a disadvantage of a freely floating exchange rate system? A: It can adversely affect a country that has high unemployment. B: It can adversely affect a country that has high inflation. C: The government may intervene to change the value of a given currency. D: The exchange rate risk is high and may be costly to manage.
- 3
The measures that can be taken to reduce the current account deficit or improve the current account balance are ( ). A: Reducing consumption or investment expenditure B: Depreciation of the local currency exchange rate C: Cutting government expenditure D: Appreciation of the exchange rate of the local currency
- 4
Under a floating exchange regime, the government and central bank never intervenes in the currency market.