第五章单元测试
- The action of arbitrage is______. ( )
- What is the expected dollar rate of return on euro deposits if today's exchange rate is $1.10 per euro, next year's expected exchange rate is $1.166 per euro, the dollar interest rate is 10%, and the euro interest rate is 5%? ( )
- Which one of the following statements is the MOST accurate? ( )
- Suppose that the one-year forward price of euros in terms of dollars is equal to $1.113 per euro. Further, assume that the spot exchange rate is $1.05 per euro, and the interest rate on dollar deposits is 10 percent and on euro it is 4 percent. Under these assumptions, _______. ( )
- The covered interest rate parity condition can be stated as follows: The interest rate on dollar deposits equals the interest rate on euro deposits ________ the forward ________ on dollars against euros. ( )
- What are the three factors that affect the demand for foreign currency?
- What is the expected dollar rate of return on euro deposits if today's exchange rate is $1.167 per euro, next year's expected exchange rate is $1.10 per euro, the dollar interest rate is 10%, and the euro interest rate is 5%? ( )
A:the process of buying a currency cheap and selling it dear.
B:the process of buying a currency and holding onto it to take it off the market.
C:the process of selling currency at different prices in different markets.
D:the process of buying and selling currency at the same price.
答案:the process of buying a currency cheap and selling it dear.
A:15%
B:10%
C:11%
D:-1%
A:Since dollar and yen interest rates are not measured in comparable terms, they can move quite differently over time.
B:Since dollar and yen interest rates are measured in comparable terms, they move quite the same over time.
C:Since dollar and yen interest rates are measured in comparable terms, they still move quite differently over time.
D:Since dollar and yen interest rates are measured in comparable terms, they can move quite differently over time.
A:interest parity does hold.
B:Not enough information is given to answer the question.
C:it is hard to tell whether interest parity does or does not hold.
D:interest parity does not hold.
A:plus; premium
B:times; premium
C:minus; discount
D:plus; discount
A:-1%
B:11%
C:10%
D:0%
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