国际金融（英文版）章节测试课后答案2024春

第一章测试

1.The J curve shows that:
A:devaluation is unlikely to improve the trade balance in either the short-run or the long-run. B:devaluation is more likely to improve the trade balance after a  longer span of time has elapsed. C:devaluation is more likely to improve the trade balance in the short-run than in the long-run. D:devaluation is likely to be unstable.
答案:B
2.Which of the following would tend to contribute to a U.S. current account surplus? 
A:The United States cuts back on American military personnel stationed in Japan. B:Russian vodka becomes increasingly popular in the United States. C:U.S. tourists travel in large numbers to Asia. D:The United States makes a unilateral tariff reduction on imported goods.
答案:A
3.Official reserve assets are：
A:government holdings of SDR’s. B:money like assets that are held by governments and that are recognized by governments as fully acceptable for payments between them. C:the gold holdings in the nation’s central bank. D:government T-bills and T-bonds.
答案:B
4.If the overall balance in the balance of payments account is in _____, there can be an accumulation of official reserve assets by the country or a decrease in foreign official reserve holdings of the country's assets.
A:remission B:surplus C:equilibrium D:deficit
答案:B
5.A statement of the stocks of a country’s foreign assets and foreign liabilities at a point in time represents the country’s:
A:government budget surplus or deficit B:international investment position C:balance of payments D:financial account balance
答案:B
6.If the balance of payments accounts of a country shows a current account deficit, it means that:
A:its exports are higher than its imports. B:its foreign assets are growing slower than its foreign liabilities. C:it is acting as a net lender to the rest of the world. D:its foreign assets are growing faster than its foreign liabilities.
答案:B
7.Marshall-Lerner condition is that the payments deficit will be improved as a result of currency depreciation only if_______ .
A:the sum of elasticity of demand for goods import and that for goods export  is larger than one. B:the sum of elasticity of demand for goods import is greater than that for goods export. C:the sum of elasticity of demand for goods import and that for goods export is less than one. D:the sum of elasticity of demand for goods import and that for goods export equals one.
答案:A
8.According to the absorption approach to balance of payments, if a nation’s national income is less than its national expenditure, it will ________.
A:will tend to move into payments surplus. B:experience no change in its official settlement balance. C:experience payments deficit. D:will tend to move into payments balance.
答案:C
9.The net flow of financial assets and similar claims is the private current account balance.（ ）
A:错 B:对
答案:A
10.A country's nonofficial financial account balance equals its net foreign investment.（ ）
A:对 B:错
答案:B