第一章 The International Monetary System

第一章单元测验(Chapter 1 Test)

1、单选题:
The international monetary system can be defined as the institutional framework within which:‍
选项:
A: international payments are made.
B:  movement of capital is accommodated.
C: exchange rates among currencies are determined.
D: all of the above.
答案: 【 all of the above.

2、单选题:
The international monetary system went through several distinct stages of evolution.  These stages are summarized, in alphabetic order, as follows‎(i)- Bimetallism‎(ii)- Bretton Woods system‎(iii)- Classical gold standard‎(iv)- Flexible exchange rate regime‎(v)- Interwar period ‎The chronological order that they actually occurred is:‎
选项:
A: (iii), (i), (iv), (ii), and (v)
B:   (i), (iii), (v), (ii), and (iv)
C:   (vi), (i), (iii), (ii), and (v)
D: (v), (ii), (i), (iii), and (iv)
答案: 【   (i), (iii), (v), (ii), and (iv)

3、单选题:
Under the gold standard, international imbalances of payment will be corrected automatically under the‍​‍
选项:
A: Gresham Exchange Rate regime.
B: European Monetary System.
C:   Price-specie-flow mechanism.
D:   Bretton Woods Accord.
答案: 【   Price-specie-flow mechanism.

4、单选题:
Under the Bretton Woods system:‍
选项:
A: Each country established a par value for its currency in relation to the dollar.
B: The U.S. dollar was pegged to gold at $35 per ounce.
C:  each country was responsible for maintaining its exchange rate within 1 percent of the adopted par value by buying or selling foreign exchanges as necessary.
D:  all of the above.
答案: 【  all of the above.

5、单选题:
 A “good” (or ideal) international monetary system should provide:‍
选项:
A:  liquidity, elasticity, and flexibility
B:  elasticity, sensitivity, and reliability
C:   liquidity, adjustments, and confidence
D:   none of the above
答案: 【   liquidity, adjustments, and confidence

第二章 Balance of Payment

第二章单元测验 (Chapter 2 Test)

1、单选题:
‎Balance of payments ‍
选项:
A: is defined as the statistical record of a country's international transactions over a certain period of time presented in the form of a double-entry bookkeeping.
B: provides detailed information concerning the demand and supply of a country's currency.
C: can be used to evaluate the performance of a country in international economic competition.
D: all of the above.
答案: 【 all of the above.

2、单选题:
​Generally speaking, any transaction that results in a receipt from foreigners ​
选项:
A: will be recorded as a debit, with a negative sign, in the U.S. balance of payments.
B: will be recorded as a debit, with a positive sign, in the U.S. balance of payments.
C: will be recorded as a credit, with a negative sign, in the U.S. balance of payments.
D: will be recorded as a credit, with a positive sign, in the U.S. balance of payments.
答案: 【 will be recorded as a credit, with a positive sign, in the U.S. balance of payments.

3、单选题:
‌The balance of payments records ‏
选项:
A: only international trade, (exports and imports).
B: only cross-border investments (FDI and portfolio investment).
C: not only international trade, (exports and imports) but also cross-border investments.
D: none of the above.
答案: 【 not only international trade, (exports and imports) but also cross-border investments.

4、单选题:
‏Factor income ‌
选项:
A: consists largely of interest, dividends, and other income on foreign investments.
B: is a theoretical construct of the factors of production, land, labor, capital, and entrepreneurial ability.
C: is generally a very minor part of national income accounting, smaller than the statistical discrepancy.
D: none of the above.
答案: 【

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