第二章Based on PPP and the quantity theory of money, everything else remaining unchanged, if Japan’s real income rises relative to real income in the U.S., there would be a(n):
答案:appreciation of the yen.
The retail part of the foreign exchange market does not include traders at banks trading with:Suppose the dollar per pound exchange rate is $2 per pound while the dollar per Swiss franc exchange rate is 50 cents per franc. From the given information we can conclude that the Swiss franc per pound exchange rate is:Rapid increases in the U.S. exports of goods and services will result in a(n) _____ foreign currency and a(n) _____ the U.S. dollars in the foreign exchange market.
decrease in the supply of; decrease in the demand for
increase in the supply of; increase in the demand for
shortage of foreign currency; surplus ofUnder a floating exchange rate system, an increase in the international demand for electronic appliances manufactured in Japan will result in:Assume you are a Chinese exporter and expect to receive $250,000 at the end of 60 days. You can remove the risk of loss due to a devaluation of the dollar by:The Bretton Woods System is exposed to a dilemma known as _______.
ethical dilemma
impossible Trinity
two-pegging system
The _____ effect suggests that speculations can sometimes be destabilizing as the actions of the international investors move the exchange rate away from the long-run equilibrium value consistent with fundamental economic influences.
exchange rate
arbitrage
overshootingTo maintain an undervalued currency, the country’s monetary authorities must intervene in the foreign exchange market to buy its currency in the foreign exchange market.（ ）Price-specie-flow mechanism posits that the misalignment of exchange rate under the classical gold standard can be automatically corrected.（ ）
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