英语经济题目
22.Which of the following is not a reason to purchase foreign currency?
a.FDI
b.the purchase of foreign bonds
c.the purchase of foreign stocks
d.exports
23.If the returns on various assets are not perfectly correlated then:
a.a portfolio of assets will be more risky than holding a single asset.
b.risk reduction is not possible within a portfolio of assets.
c.a portfolio of assets will be less risky than holding a single asset.
d.one should hold bonds only.
30.Suppose that pizza prices increase by 5% while the general price level has increased by 2%.In real terms pizza prices have increased by:
a.1%
b.3%
c.5%
d.8%
41.The term for an exchange rate system where the currency is inconvertible is:
a.the gold standard.
b.exchange controls
c.domestic price controls.
d.a verbatim currency system.
42.One of the ways governments control capital inflows and outflows is by:
a.regulating imports.
b.regulating exports.
c.regulating FDI.
d.regulating domestic businesses.
43.An inconvertible currency:
a.cannot be freely exchanged for another currency by consumers.
b.cannot be exchanged for another currency by the government.
c.can never be exchanged for another currency.
d.businesses.
44.An increase in a country's interest rate would necessitate which of the following actions by a central bank that did not want the nominal exchange rate to change?
a.An immediate adoption of exchange controls
b.The engineering of an exchange-rate shock
c.The buying of foreign exchange
d.The selling of foreign exchange
45.Under a fixed exchange rate system,when total inflows of foreign exchange exceed total outflows of foreign exchange at the current fixed exchange rate:
a.the central bank would buy foreign exchange causing the economy to contract.
b.the central bank would sell foreign exchange causing the economy to contract.
c.the central bank would buy foreign exchange causing the economy to expand.
d.the central bank would sell foreign exchange causing the economy to expand.
47.Under the Gold Standard:
a.each country's currency was defined in terms of gold.
b.each country's currency was backed by gold.
c.each country's currency was fixed in relation to all other currencies.
d.all of the above.
48.If a country were operating under a gold standard,a balance of payments surplus would lead to an __ of gold and a(n) __ in the money supply.
a.outflow,increase
b.inflow,increase
c.outflow,decrease
d.inflow,decrease