A: A fundamental disequilibrium can result in a one-way speculative
gamble.
B: An ongoing disequilibrium in the foreign exchange market can be
sterilized by keeping official reserve holdings steady.
C: Fundamental disequilibrium calls for a persistent series of official
interventions.
D: The value of the foreign currency declines if a country revalues its
own currency.
举一反三
- Following an expansion of the money supply, a government committed to<br/>maintaining a fixed exchange rate must ____. A: accept a surplus in its current account. B: not use sterilized intervention. C: increase its level of government expenditure and autonomous<br/>investments. D: intervene in the foreign exchange market to sell foreign currency and<br/>buy domestic currency.
- If the forward exchange rate, defined as the domestic currency price<br/>of the foreign currency, is smaller than the spot exchange rate,<br/>there is a ( ). A: forward premium on the foreign currency. B: forward discount on the foreign currency. C: shortage of dollars. D: surplus of dollars.
- Under which of the following policies does the government enter the foreign exchange market and buy or sell foreign currency in order to influence the exchange rate of the domestic currency? A: Exchange controls B: Capital controls C: Official intervention D: Adjustable peg
- When<br/>the central bank allows the purchase or sale of domestic currency to<br/>have an effect on the monetary base, it is called A: an<br/>unsterilized foreign exchange intervention. B: a<br/>sterilized foreign exchange intervention. C: an<br/>exchange rate feedback rule. D: a<br/>money neutral foreign exchange intervention
- ()means the price of one unit foreign currency in terms of domestic currency. A: Direct quotation B: Indirect<br/>quotation C: American currency<br/>quotation D: Normal quotation
内容
- 0
The price of one country's currency in units of another currency or commodity is the ________. A: foreign interest rate B: foreign currency exchange rate C: par value D: international rate
- 1
The principal<br/>functionof foreign exchange markets isthe transfer of funds<br/>orpurchasing power from one nation and currency to another. ()
- 2
The<br/>official currency of Saudi Arabia is ______
- 3
The simultaneous purchase and sale of a given amount of foreign<br/>exchange for two different value dates is referred to as a ____ A: Fiscal barter B: Liquid trade C: Currency exchange D: Currency swap
- 4
Which one of the following is not one of the types of foreign currency derivative used to hedge foreign currency risk? A: Currency futures B: Currency options C: Currency default swaps D: Currency swaps