第1讲外汇与汇率

1.11随堂测验

1、判断题:
‏利率平价理论是考察金融市场中汇率的决定(    )。‏
选项:
A: 正确
B: 错误
答案: 【 正确

1.13随堂测验

1、判断题:
​新闻消息不会影响外汇市场汇率波动()。‌
选项:
A: 正确
B: 错误
答案: 【 错误

1.2随堂测验

1、单选题:
银行买卖外汇支付凭证时标出的汇率称为(  )。​A.现钞价                      ​B.现汇价​C.中间价                    ​D.官方汇率​‏​
选项:
A: 现钞价
B: 现汇价
C: 中间价
D: 官方汇率
答案: 【 现汇价

1.3随堂测验

1、单选题:
‎当一国的利率水平相对高于其他国家时,会吸引外国资本流入该国,从而增加对该国货币的需求,使该国货币趋于(  )。‌‎A.升值                      ‌‎B.贬值‌‎C.不确定                   ‌‎D.不变‌‎‌
选项:
A: 升值
B: 贬值
C: 不确定
D: 不变
答案: 【 升值

1.5随堂测验

1、判断题:
​外汇市场的交易主体是银行同业间的外汇交易(    )。‌
选项:
A: 正确
B: 错误
答案: 【 正确

1.7随堂测验

1、填空题:
‍外汇套利交易包括未抵补套利和(    )。‏
答案: 【 抵补套利

1.8随堂测验

1、多选题:
‎期货市场的保证金种类有(  )。‏‎A.初始保证金‏‎B.追加保证金‏‎C.维持保证金‏‎D.减少保证金‏
选项:
A: 初始保证金
B: 追加保证金
C: 维持保证金
D: 减少保证金
答案: 【 初始保证金;
追加保证金;
维持保证金

1.9随堂测验

1、多选题:
‏按期权持有者的交易目的,可分为(  )。‏‏A.买入期权‏‏B.卖出期权‏‏C.欧式期权‏‏D.美式期权‏
选项:
A: 买入期权
B: 卖出期权
C: 欧式期权
D: 美式期权
答案: 【 买入期权;
卖出期权

3.3外汇需求与供给分析题

1、单选题:
‏A U.S. import company pays for glassware purchased from a small Japanese producer. Is it part of demand for yen or supply of yen in the foreign exchange market?​
选项:
A: demand for yen
B: supply of yen
C: 无
D: 无
答案: 【 demand for yen

2、单选题:
​A U.S. farm cooperative receives payment from a Japanese importer of U.S oranges. Is it part of demand for yen or supply of yen in the foreign exchange market?‏
选项:
A: demand for yen
B: supply of yen
C: 无
D: 无
答案: 【 supply of yen

3、单选题:
‍A U.S. pension fund uses some incoming contributions to buy equity shares of several Japanese companies through the Tokyo stock exchange. Is it part of demand for yen or supply of yen in the foreign exchange market?‎
选项:
A: demand for yen
B: supply of yen
C: 无
D: 无
答案: 【 demand for yen

4、单选题:
​A Japanese firm sells its U. S. government securities to obtain funds to buy real estate in japan. Is it part of demand for yen or supply of yen in the foreign exchange market?‌
选项:
A: demand for yen
B: supply of yen
C: 无
D: 无
答案: 【 demand for yen

3.5固定汇率练习题by杨玲

1、单选题:

In Figure 3. 2 A (在图表3.2 A), consider an officially declared “par value” is $2.00 per pound(假设官方宣布的平价汇率为每英镑2美元), its market-clearing rate is1.60 per pound(英镑的市场出清价格1.6美元).

British officials have announced that they will support the pound at 1 percent below par(about $1.98)and the dollar at 1 percent above par(about $2.02)(英国官方已宣布其将在平价的1%以下(约为1.98美元)支持英镑,在平价的1%以上(约为2.02美元)支持美元). In Figure 3.2A, the official are forced to make good on this pledge by officially intervening in the foreign exchange market buying 50 billion, and (                          )(政府当局被迫通过对外汇市场的干预来履行这一承诺具体做法是在外汇市场中买入500亿英镑, 同时(                  ))。

​选项:
A:       buying $99 billion (equal to £ 50 billion times $1. 98 per pound)
B: selling $99 billion (equal to £ 50 billion times $1. 98 per pound)
C: buying 50 billion dollars
D: selling 50 billion dollars
答案: 【 selling $99 billion (equal to £ 50 billion times $1. 98 per pound)

3.6套汇随堂测验

1、单选题:
‍You have access to the following three spot exchange rates:​‍$0. 01/yen​‍$0.20/krone​‍25 yen/krone​‍You start with dollars and want to end up with dollars.​‍If the only rate change is the cross rate, What must the value of the cross-rate be to eliminate the opportunity for triangular arbitrage?​‍​
选项:
A: 20 yen per krone
B: 20 krone per yen
C: 22 yen per krone
D: 22 krone per yen
答案: 【 20 yen per krone

3.6随堂测验

1、判断题:
​升水是指远期汇率低于即期汇率。‍
选项:
A: 正确
B: 错误
答案: 【 错误

3月11日周三国际金融课后练习

1、填空题:

Use the two ways to state the rates according to the sheet:

Saying that the British pound sterling equals(           ) U.S. dollars is the same as saying that the U.S. dollar is worth 0.5968 British pounds

‍答案: 【 1.6756

2、填空题:

Use the two ways to state the rates according to the sheet:

1Chian yuan =0.16$即 1 = (            ) Chian yuan

​答案: 【 6.2486

4.3抵补国际投资练习题by杨玲

1、单选题:
The following rates are available in the markets:‌Current spot exchange rate: $1.000/SFr‌Current 30-day forward exchange rate: $1.000/SFr‌Annualized interest rate in 30 day dollar-denominated bonds:12% (1.0% for 30 days)‌Annualized interest rate in 30 day Swiss franc-denominated bonds:6% (0.5% for 30 days)‌‌Is the Swiss franc at a forward premium or discount?‌‌‌
选项:
A: The Swiss franc at a forward premium
B: The Swiss franc at a forward discount
C: 无
D: 无
答案: 【 The Swiss franc at a forward premium

2、单选题:
The following rates are available in the markets:​Current spot exchange rate: $1.000/SFr​Current 30-day forward exchange rate: $1.000/SFr​Annualized interest rate in 30 day dollar-denominated bonds:12% (1.0% for 30 days)​Annualized interest rate in 30 day Swiss franc-denominated bonds:6% (0.5% for 30 days)​‌​‌Should a U.S.-based investor make a covered investment in Swiss franc-denominated 30-day bonds, or investing in 30-day dollar-denominated bonds? ​
选项:
A: The U.S.-based investor should make a covered investment in Swiss franc-denominated 30-day bonds
B: The U.S.-based investor should invest in 30-day dollar-denominated bonds
C: 无
D: 无
答案: 【 The U.S.-based investor should make a covered investment in Swiss franc-denominated 30-day bonds

4.9随堂测验1

1、填空题:
‎相对购买力平价是反映两国()的相对变化。‏
答案: 【 物价水平

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