大学MOOC 国际金融（双语）(湖南文理学院)1461096162 最新慕课完整章节测试答案
国际收支--ChapterTwoPaymentsamongNations
第二次单元测验——外汇市场及汇率理论
1、单选题：
If the U.S. dollar is worth 129.68 Japanese yen, then the (one) Japanese yen is worth __________ US dollars.
选项：
A: 0.007711
B: 129.68
C: 0.002289
D: 354.25
答案: 【 0.007711】
2、单选题：
If the Canadian dollar is worth 0.6378 U.S. dollars, then the (one) U.S. dollar is worth __________ Canadian dollars.
选项：
A: 1.5679
B: 0.6378
C: 2.2058
D: 3.7826
答案: 【 0.6378】
3、单选题：
The foreign exchange market is:
选项：
A: a single gathering place where traders shout buy and sell orders at each other.
B: a grouping, by electronic means, of banks and traders who work at banks that conduct foreign exchange trades.
C: located in New York.
D: located in London.
答案: 【 a grouping, by electronic means, of banks and traders who work at banks that conduct foreign exchange trades.】
4、单选题：
__________ foreign exchange trading involves currency exchanges done between individuals.
选项：
A: interbank
B: retail
C: special
D: government
答案: 【 retail】
5、单选题：
__________ foreign exchange trading is foreign exchange trading done between the banks active in the market.
选项：
A: interbank
B: retail
C: customer
D: government
答案: 【 interbank】
6、单选题：
Nearly half of all foreign exchange trading involves banks in __________ and __________.
选项：
A: New York; Frankfurt
B: New York; London
C: London; Frankfurt
D: Tokyo; New York
答案: 【 New York; London】
7、单选题：
The U.S. dollar is called a __________ because it is often used as an intermediary to accomplish trading between two other currencies.
选项：
A: common currency
B: main currency
C: trade currency
D: vehicle currency
答案: 【 vehicle currency】
8、单选题：
The foreign exchange spot market provides __________ that permit payments to flow between individuals, businesses, and other organizations that prefer to use different currencies.
选项：
A: trade services
B: government authority
C: clearing services
D: technological services
答案: 【 clearing services】
9、单选题：
The main benefit of using a foreign exchange broker is that the broker provides ___________ to the trades until an exchange rate is agreed on for a trade.
选项：
A: technological resources
B: low-cost information
C: anonymity
D: low-cost trading services
答案: 【 anonymity】
10、单选题：
Interbank trading is conducted directly between __________ or through the use of __________ that provide anonymity until the trade is complete.
选项：
A: traders; the government
B: traders; brokers
C: individual consumers; the government
D: individual consumers; brokers
答案: 【 traders; brokers】
11、单选题：
U.S. exports of goods and services will create a __________ foreign currency and a __________ U.S. dollars.
选项：
A: demand for; supply of
B: supply of; demand for
C: shortage of; supply of
D: surplus of; demand for
答案: 【 supply of; demand for】
12、单选题：
U.S. imports of goods and services will create a __________ foreign currency and a __________ U.S. dollars.
选项：
A: demand for; supply of
B: supply of; demand for
C: shortage of; supply of
D: surplus of; demand for
答案: 【 demand for; supply of】
13、单选题：
U.S. capital __________ will create a demand for foreign currency and a supply of U.S. dollars.
选项：
A: shortages
B: surpluses
C: inflows
D: outflows
答案: 【 outflows】
14、单选题：
U.S. capital __________ will create a supply of foreign currency and a demand for U.S. dollars.
选项：
A: shortages
B: surpluses
C: inflows
D: outflows
答案: 【 inflows】
15、单选题：
In a __________ exchange rate system there is no intervention by the government or central bankers.
选项：
A: fixed
B: floating
C: managed float
D: pegged
答案: 【 floating】
16、单选题：
As long as a higher exchange rate lowers the quantity demanded, the demand curve for foreign exchange will __________.
选项：
A: slope upward
B: slope downward
C: be vertical
D: be horizontal
答案: 【 slope downward】
17、单选题：
The demand curve for foreign currency slopes downward because as the exchange rate __________ the quantity demanded __________.
选项：
A: increases; decreases
B: decreases; increases
C: Both a. and b.
D: None of the above.
答案: 【 Both a. and b.】
18、单选题：
The process of buying and selling a currency to make a (nearly) riskless pure profit is known as __________.
选项：
A: appreciation of the currency
B: arbitrage
C: forward trading
D: spot trading
答案: 【 arbitrage】
19、单选题：
__________ ensures that exchange rates in different locations are essentially the same.
选项：
A: Appreciation of the currency
B: Arbitrage
C: Forward trading
D: Spot trading
答案: 【 Arbitrage】
20、单选题：
The process known as __________ takes advantage of an opportunity to make a riskless profit using three exchange rates.
选项：
A: forward trading
B: spot trading
C: triangular arbitrage
D: revaluation
答案: 【 triangular arbitrage】
21、单选题：
__________ a position exposed to rate risk is the act of reducing and eliminating a net asset or net liability position in the foreign currency.
选项：
A: Hedging
B: Speculating
C: Selling
D: Buying
答案: 【 Hedging】
22、单选题：
__________ is the act of taking a net asset position or a net liability position in some asset class.
选项：
A: Hedging
B: Speculating
C: Selling
D: Buying
答案: 【 Speculating】
23、单选题：
A __________ exchange contract is an agreement to exchange one currency for another on some date in the future at a price set now.
选项：
A: spot foreign
B: forward foreign
C: spot domestic
D: forward domestic
答案: 【 forward foreign】
24、单选题：
A __________ exchange contract is a direct way to hedge.
选项：
A: spot
B: forward
C: domestic
D: foreign
答案: 【 forward】
25、单选题：
__________ means committing oneself to an uncertain future value of one’s net worth in terms of home currency.
选项：
A: Hedging
B: Speculating
C: Selling
D: Buying
答案: 【 Speculating】
26、单选题：
A(n) __________ contract locks in the price at which you buy or sell a foreign currency at a set date in the future.
选项：
A: securities spot
B: securities futures
C: currency spot
D: currency futures
答案: 【 currency futures】
27、单选题：
An unhedged investment exposed to exchange rate risk is a(n) __________ international investment.
选项：
A: covered
B: uncovered
C: traded
D: untraded
答案: 【 uncovered】
28、单选题：
An investment is __________ if it is fully hedged against exchange rate risk.
选项：
A: covered
B: uncovered
C: traded
D: untraded
答案: 【 covered】
29、单选题：
The prop