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
查看答案
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
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.
The government policy dictating that all foreign exchange proceeds must be turned over to the country’s monetary authority is referred to as capital controls.
A. 对
B. 错
An exchange rate regime in which the government intervenes in the market to influence the market-determined exchange rate can be called either a dirty float or a managed float.
A. 对
B. 错