I. Multiple choice questions

1. generalized balance of payments is based on (b)

A. Cash basis B. Accrual basis C. Periodic inventory system D. perpetual inventory system

2. A country's balance of payments deficit will generally lead to (a)

A. the local currency exchange rate fell. B. the exchange rate of the local currency has risen. C. interest rates have risen. Increase in foreign exchange reserves

3. In the * * * same body, it is called (C) to abolish tariffs and quotas on goods among member countries, make goods circulate freely, and impose the same tariff rate on third countries other than member countries.

A. Free Trade Area B.*** and Market C. Customs Union D. Economic and Monetary Union

4. Convert the foreign currency of an integer unit into a certain amount of domestic currency. The exchange rate pricing method is (a)

A. direct quotation method B. indirect pricing method C. European pricing method D. dollar pricing method

5. The monetary authorities of a country generally implement foreign exchange control in order to achieve the purpose of (c).

A. control the international flow of capital B. strengthen the foreign exchange reserve of gold C. stabilize the exchange rate D. increase the currency letter

6. The current RMB exchange rate system is characterized by (C)

A. fixed exchange rate system B. free floating exchange rate system C. managed floating exchange rate system D. pegged exchange rate system

7. The most basic source of funds for the International Monetary Fund is (A).

A. Share paid by member countries B. Financing loans in international financial markets C. Paid transfer of creditor's rights of the International Monetary Fund D. Member countries

donation

8. The following operating currencies belonging to the European currency market are (B)

A. dollars in new york market B. dollars in Singapore market C. yen in Tokyo market D. pounds in London market.

9. European currency deposit interest rate general interest rate. (1)

A. deposits in the domestic market higher than the same currency

C loans in the same currency are higher than those in the domestic market.

10.- A loan with a term of 10 years with a grace period of 3 years. After the grace period expires, the repayment will be made once every six months on average. The actual life of the loan is (D).

A. 10 B. 13 C. 7 D. 6.5 years

1 1. Securities issuance can be divided into (b) according to different issuers.

A. Direct offering and indirect offering B. Public offering and private offering

C. Sales and bidding

12. The most traditional and basic foreign exchange business in the foreign exchange market is (a)

A. Spot foreign exchange business B. Forward foreign exchange business C. Foreign exchange futures business D. Foreign exchange options business

13. Suppose the spot exchange rate in London foreign exchange market is | GBP = 1.457 1 USD, and the premium of three-month forward foreign exchange is 0.4 1.

Cents, the forward foreign exchange rate is (b)

A. 1.04765438

C. 1.D. 1.867 1

14. The following statement about gold is incorrect (D)

A. Gold is a symbol of wealth. B. Gold and silver are not money, but money is gold and silver.

C. gold has relative value stability. D. gold is not easy to divide.

Any point on the upper right of the 15.IS curve represents (a).

A. the product market exceeds demand. B. the product market is in short supply.

C. oversupply in the money market.

16. triffin pointed out in his book gold and the dollar Crisis that a country's international reserves should maintain a certain proportional relationship with its imports, and the highest and lowest limits of this proportional relationship should be (a) respectively.

A.40% and 20% B.30% and 25% C. 25% and 30% D. 20% and 40%

Second, multiple choice questions

17. The items recorded in the capital and financial accounts are (ABCE)

A. capital transfer B. direct investment C. securities investment D. investment income E. loans from international commercial banks

18. Which of the following conditions is a freely convertible currency? (Abe

A is a fully convertible currency. B is widely used in international payment.

C. this is a reserve asset that all countries must hold.

D. convertible currencies under capital account. It is the main trading object of the world foreign exchange market.

19. The following currencies with independent floating exchange rates are (ABDF).

A. USD, GBP, EUR, HKD, JPY, GBP

20. The following belong to the international money market (ACD)

A. Short-term credit market B. international bond markets C. Short-term bill market D. Discount market E. International stock market

2 1. The trading entity in the foreign exchange market is (ABCDE)

A. General industrial and commercial customers B. Foreign exchange banks C. Foreign exchange brokers D. Central bank E. Individual customers

Third, the noun explanation questions

22. Futures trading: clearing companies or brokers buy and sell various futures contracts at fixed prices in tangible exchanges through members of clearing houses in accordance with the principle of standardization of trading units and delivery time.

23. Macroeconomic equilibrium: including macroeconomic equilibrium under closed conditions, that is, stable growth of domestic economy under low unemployment rate, and external equilibrium, that is, reasonable balance of payments structure adapted to domestic macro-economy.

24. Second board market: The second board market is the abbreviation of the second board market, also known as the Growth Enterprise Market, or the high-tech board. It is mainly aimed at small and medium-sized enterprises, especially high-tech small and medium-sized enterprises, which have been established for a short time and have a small scale, but can not meet the requirements of listing on the main board, and raise funds through issuing stocks.

Foreign companies operating in foreign exchange control countries are not residents of that country. (error)

26. Under the Jamaican system, all countries have a floating exchange rate system. (error)

27. The borrower shall pay the loan bank the interest on the withdrawal within the commitment period. (correct)

Verb (abbreviation of verb) short answer questions

Please briefly analyze the advantages and disadvantages of implementing foreign exchange control.

From the perspective of countries that implement foreign exchange control measures, the implementation of foreign exchange control has advantages and disadvantages. The implementation of foreign exchange control can make the country restrict the import of goods, thus helping to prevent the deterioration of trade balance; Restrict capital outflow and concentrate limited foreign exchange resources in the hands of the government; Moreover, through foreign exchange control, foreign trade can be controlled, the domestic economy can be isolated from foreign economies, and the domestic economy can be protected from external economic fluctuations, thus protecting national industries, protecting domestic consumer markets, especially factor markets, and seeking internal equilibrium under closed economic conditions. However, when a country obtains the above benefits through the implementation of foreign exchange control, it must pay a certain price. From the trade point of view, because imports are strictly restricted by foreign exchange supply, the supply of imported goods is difficult to meet domestic demand. The foreign exchange rate is often overvalued, which increases the price of domestic goods in the international market and reduces their international competitiveness. Strict foreign exchange control hinders the development of a country's international trade; Foreign trade is the result of international division of labor, which hinders foreign trade, that is, hinders international division of labor, so that countries cannot enjoy the dynamic benefits brought about by the development of international division of labor. From the financial point of view, the implementation of foreign exchange control hinders the inflow of foreign funds, thus restricting China's utilization of international resources. Internationally, foreign exchange control implemented by various countries is usually combined with foreign trade control, which is mainly manifested in restricting imports and encouraging exports, which is extremely unfavorable to the development of world free trade and is likely to lead to trade disputes and even wars.

29. Briefly describe the causes of the European money market.

One of the events that triggered the European currency market was the conflict between China and the United States on the Korean battlefield, which led the American government to freeze Chinese mainland's property in the United States at that time. Therefore, the Soviet Union, which had a close relationship with China at that time, was worried that the United States would take the same measures against it, so it transferred its US dollar deposits in American banks to accounts in London banks.