WEEK1 The overall record of foreign economic transactions - The balance of payments (1)

1.1

1、单选题:
‎1.The balance of payments is a statistical record of all the () between residents of the reporting country and non-residents during a given time period.‎
选项:
A: monetary transaction
B: exchange
C: transfer
D: economic transactions
答案: 【 economic transactions

2、单选题:
‎ 2.Residents and non-residents are distinguished by ()‏
选项:
A: nation 
B: residence
C: predominant economic interest center
D: law
答案: 【 predominant economic interest center

3、多选题:
​3.The balance of payments is a ( )concept.​
选项:
A: flow 
B: stock
C: period
D: a point in time
答案: 【 flow ;
period

1.2

1、单选题:
‌3.Trade of BOP basis includes ( )‍
选项:
A: goods
B: service
C: Goods and services
D: visible trade
答案: 【 Goods and services

2、单选题:
‏5.A student whose father has been providing labor services to Africa for a long time, he/she receives the remittances from his/her father every year should be accounted for under ( )‎
选项:
A: compensation of employees
B: investment income
C: secondary income
D: capital transfers
答案: 【 secondary income

3、单选题:
‏6.the financial account follow ( ) recording.‌
选项:
A: Aggregate
B: Net
C:  
D:  
答案: 【 Net

4、单选题:
‍7. Immediate direct investment relationships arise when a direct investor directly owns equity that entitles it to () or more of the voting power in the direct investment enterprise.‍
选项:
A: 5%
B: 10% 
C: 20%
D: 50%
答案: 【 10% 

5、多选题:
‎2. The current account of the balance of payments records ( ) between one country and other countries.‏
选项:
A: assets and liabilities
B: capital flow
C: actual resources shifting
D: income flow
答案: 【 actual resources shifting;
income flow

6、判断题:
‎8.Other equity is in the form of securities‏
选项:
A: 正确
B: 错误
答案: 【 错误

7、判断题:
‍ According to the Balance of Payments Manual (The sixth edition), Foreign Reserve is not included in reserve assets. ‎
选项:
A: 正确
B: 错误
答案: 【 错误

8、填空题:
‏1.According to the Balance of Payments Manual (The sixth edition) published by IMF, Balance of Payments is consisted of ( )、( ) and( )​
答案: 【 Current account, capital account and financial account

9、填空题:
‌4.Primary income mainly consist of ( )and ( )​
答案: 【 Compensation of employees,investment income

1.3

1、判断题:
‏1.The change of a country's international investment position from the beginning to the end of the period is mainly caused by the revaluation of the value during this period. ​
选项:
A: 正确
B: 错误
答案: 【 错误

2、填空题:
‌2.The international investment position (IIP)is a statement that shows at a point in time the ( ) and ( ) of financial assets of and the liabilities of residents of an economy that are claims on nonresidents.‍
答案: 【 value compositions

3、填空题:
​3.( ) ,( ),( ),( ) are the factors influencing the changes in the International Investment Position‏
答案: 【 financial account transactions, Other changes in volume, Exchange rate changes and price changes

1.4

1、判断题:
‏1.In theory, when all economic transactions are recorded, the total debits and credits of the balance of payment presentation are equal, and the net balance is zero. () ‍
选项:
A: 正确
B: 错误
答案: 【 正确

2、判断题:
​2.The export of goods is credited to the good account. ‍
选项:
A: 正确
B: 错误
答案: 【 正确

3、填空题:
‌3.The credits of the balance of payment presentation basically reflect (), the debits basically reflect () ‎
答案: 【 foreign exchange supply, foreign exchange demand

1.5

1、单选题:
‎2.() balance is the most important indicator for analyzing a country's balance of payment position. ‎
选项:
A: Trade balance
B: Current account balance
C: Capital account balance
D: Financial account balance
答案: 【 Current account balance

2、单选题:
‍3.If the ratio of a country's current account balance to its GDP is(), which indicates a serious external imbalance.​
选项:
A: More than 10% 
B: Less than 10%
C: More than 5%
D: Less than 5%
答案: 【 More than 5%

3、判断题:
‌4.The financial account balance is in credit which shows a surplus and a net capital outflow.‍
选项:
A: 正确
B: 错误
答案: 【 错误

4、判断题:
‌5.We can directly judge a country's balance of payment position by the balance of its reserve account‎
选项:
A: 正确
B: 错误
答案: 【 正确

5、判断题:
​6.The overall balance is important for countries with floating exchange rates‏
选项:
A: 正确
B: 错误
答案: 【 错误

6、填空题:
‏1.The analysis of a country's balance of payments mainly analyze several () balance ‎
答案: 【 partial

1.6

1、判断题:
‌3.A current account surplus increases a country's national income while a deficit decreases a country's national income.‍
选项:
A: 正确
B: 错误
答案: 【 正确

2、填空题:
‍1.The national income of the primary open economy is equal to the sum of the total domestic residents' expenditure and () ​
答案: 【 net exports

3、填空题:
‍2.The national income of the senior open economy is equal to the sum of the net exports and () ​
答案: 【 net factor payments

WEEK1 Unit Quizz

1、单选题:
‍Items in current account are ( ) recording except goods under merchanting.‍
选项:
A: gross
B: balances
C: net
D: outstanding
答案: 【 gross

2、单选题:
‎ ( ) is extremely important for an economy with a fixed exchange rate‌
选项:
A: reserve account balance
B: current account balance 
C: capital account balance
D: financial account balance
答案: 【 reserve account balance

3、单选题:
‎The balance of payments is a statistical record of all the () between residents of the reporting country and residents of the rest of the world during a given time period.‌
选项:
A: monetary transaction
B: exchange
C: transfer
D: economic transactions
答案: 【 economic transactions

4、单选题:
​Residents and nonresidents are distinguished by ()‌
选项:
A: nation
B: residence
C: predominant economic interest center
D: law
答案: 【 predominant economic interest center

5、单选题:
​Chinese residents travel to the United States, it’s ( ) for china‌
选项:
A: Tourism services output
B: Tourism services input
C: Transport services output
D: Transport services input
答案: 【 Tourism services input

6、单选题:
‌GDP and foreign investors began to worry about the possibility of a devaluation.‍‌If an economy’s current account balance to GDP ratio ( ) means unbalanced extra-trade‍
选项:
A: more than 10% 
B: less than 10%
C: more than 5%
D: less than 5%
答案: 【 more than 5%

7、多选题:
‏The balance of payments is a ( )concept.​
选项:
A: flow
B: positions
C: period
D: a point in time
答案: 【 flow;
period

8、多选题:
​By the end of 2015, china was a ( ).‌
选项:
A: net creditor
B: net debtor
C: country with net capital inflow
D: country with net capital outflow
答案: 【 net creditor;
country with net capital outflow

9、多选题:
‍( ) are the factors influencing the changes in the International Investment Position‍
选项:
A: financial account transactions
B: Other changes in volume
C: price changes
D: Exchange rate changes
答案: 【 financial account transactions;
Other changes in volume;
price changes;
Exchange rate changes

10、多选题:
‍To contribute to an improvement in an economy’s current account balance, we can adopt following appropriate policy measures.‏
选项:
A: reduce saving
B: reduce private consumption
C: reduce private investment
D: reduce government expenditure
答案: 【 reduce private consumption;
reduce private investment;
reduce government expenditure

11、多选题:
‏When a country (), it is very likely for the country’s current account to be in deficit. ‌
选项:
A: has too many private savings
B: has too many private investment
C: has too many government taxes
D: has too many government expenditures
答案: 【 has too many private investment;
has too many government expenditures

12、判断题:
​The change of a country's international investment position from the beginning of the period to the end of the period is mainly caused by the revaluation of the value during this period.‎
选项:
A: 正确
B: 错误
答案: 【 错误

13、判断题:
‍Transactions that cause the country to gain monetary income and capital inflows from abroad should be recorded in the debit‌
选项:
A: 正确
B: 错误
答案: 【 错误

14、判断题:
‌When all economic transactions are recorded, the debit has a balance, the "net errors and omissions" appear in the credit.​
选项:
A: 正确
B: 错误
答案: 【 正确

15、判断题:
‎Financial account has credit balance, which shows that there are a surplus and a net capital outflow.​
选项:
A: 正确
B: 错误
答案: 【 正确

16、判断题:
​If the reserve account has debit balance, a country's balance of payments is in deficit.‎
选项:
A: 正确
B: 错误
答案: 【 错误

17、填空题:
‍The Balance of Payment Presentation is recorded basing on the principle of (), in which “every transaction consists of debits and credits, and they must be equal”. ‌
答案: 【 double-entry bookkeeping

18、填空题:
‏The analysis of a country's balance of payments mainly analyze several () balance.‎
答案: 【 Partial

19、填空题:
‌According to the national income equation of an open economy, a country's current account balance is equal to () of the country's private department plus the fiscal surplus or deficit of the country's government department. ‎
答案: 【 net saving

WEEK2 The overall record of foreign economic transactions - The balance of payments (2)

1.10

1、单选题:
‎According to Mundell’s "Assignment Rule" theory, policy tools should be matched with goals, that is, under a fixed exchange rate system, ( ) is used to achieve internal equilibrium problem.‎
选项:

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