超星 - chapter 06

单选题

Which of the following best describes a situation in which a country buys domestic currency in order to defend a pegged exchange rate, and also uses a policy in the domestic economy in to prevent the domestic money supply from changing?

A. Official intervention
B. Sterilized intervention
C. Maintaining a crawling peg
Deficit without tears

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单选题

If a country with a fixed exchange rate faces a fundamental disequilibrium because it has a large, ongoing surplus in it official settlements balance, which of the following policies can it employ to try to achieve external balance?

A. Impose import barriers
B. Raise interest rates
C. Allow the exchange rate to float
D. Obtain a loan from the IMF

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单选题

If a country with a fixed exchange rate is continuously losing foreign reserves, speculators will:

A. sell the country’s currency and buy foreign currency.
B. speculate that the country’s currency will be revalued.
C. buy the country’s currency and sell foreign currency.
D. lend foreign currency to the country’s central bank.

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单选题

A parallel or black market often arises as a result of which of the following?

A. Floating exchange rate regimes
B. Official intervention
C. Exchange controls
D. High domestic interest rates

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单选题

Suppose under a gold standard the price of gold in the United States is $450 per ounce and the price of gold in the United Kingdom is 200£ per ounce. The exchange rate is thus:

A. 2.25£ per dollar.
B. $0.45 per pound.
C. $2.25 per pound.
D. 0.54£ per dollar.

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单选题

The central feature of the Bretton Woods system was:

A. the use of a floating exchange rate regime.
B. official encouragement for one-way speculative gambles.
C. the use of capital controls.
D. the use of an adjustable pegged exchange rate regime.

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单选题

Which of the following is currently a main function of the International Monetary Fund (IMF)?

A. To loan reserves to countries that are attempting to finance temporary payments deficits
B. To loan money to developing countries to allow them to carry out programs that will improve the standard of living
C. To house the world’s gold supply
D. To set bilateral exchange rate values

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单选题

Which of the following activities does the International Monetary Fund engage in?

A. Creation of special drawing rights
B. Regulation of large international banks
C. Provision of financial services to large international banks
D. Promotion of international trade by lowering tariffs and nontariff barriers

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单选题

Which one of the following is NOT a way for a country to defend its fixed exchange rate?

A. Promote real appreciation of the country’s currency
B. Intervene in the foreign exchange market
C. Alter domestic interest rates
D. Impose some form of exchange control

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单选题

Suppose the Japanese government pegs the yen to the U.S. dollar. What could the Japanese central bank do to prevent depreciation of the yen against the dollar in the foreign exchange market?

A. It would lower interest rates to discourage exports to the United States.
B. It would increase its official reserve holdings by buying dollars in the foreign exchange market.
C. It would print new currency notes and exchange them for other currencies in the foreign exchange market.
D. It would buy yen and sell dollars in the foreign exchange market.

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