第三章测试1.
If the United States imports more than it exports, then this means that
A:the demand for dollars is likely to exceed the supply in the foreign exchange market, ceteris paribus. B:the U.S. dollar would be under pressure to appreciate against other currencies. C:both b and c are correct D:the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus.
答案:D
2.
Among item (1)—(5), which items are recorded in the account of “other investment”?
(1) other equity; (2) currency and deposits; (3) loans (including use of IMF credit and loans from the IMF); (4) trade credit and advances; (5)FDI
A:(1) (3) (5) B: (1) (5) C:(2) (3) D: (1) (2) (3) (4) 3.
Portfolio investment involves
A:investments in foreign stocks and bonds that do not involve acquisitions of control. B: acquisitions of controlling interests in foreign businesses. C:all of the above D:bank deposits, currency investment, trade credit, and the like. 4.
Foreign direct investment (FDI) occurs
A:when an investor acquires a measure of control of a foreign business. B:when there is an acquisition, by a foreign entity in the U.S., of 10 percent or more of the voting shares of a business. C:both a and b D:with sales and purchases of foreign stocks and bonds that do not involve a transfer of control. 5.
If a country must make a net payment to foreigners because of a balance-of-payments deficit, the country should
A:either run down its official reserve assets or borrow anew from foreigners. B: either run down its official reserve assets or lend more foreigners. C:either increase its official reserve assets or borrow anew from foreigners. D:none of the above
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