The theory of purchasing power parity shows that the factors that determine the exchange rate of two currencies are()
A. the purchasing power of money
B. prices of non-tradable goods
C. size of foreign exchange
D. interest rate
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The Bretton Woods System is essentially a kind of()
A. gold exchange standard system
B. gold bullion standard
C. credit money system
D. gold coin standard
Under the direct quotation, the value of the exchange rate of the domestic currency against a foreign currency becomes larger and smaller, which means the domestic currency()respectively
A. depreciation, appreciation
B. appreciation, depreciation
C. no relation
D. not sure
The theory that the rise of domestic interest rate will cause the devaluation of local currency is()
A. theory of purchasing power parity
B. psychological theory of exchange
C. monetary approach
D. elasticity approach
In order to maintain exchange rate stability, central banks often intervene in the foreign exchange market by buying and selling foreign exchange. When the local currency exchange rate(), they sell fo
A. depreciates
B. appreciates
C. is fixed
D. none of the above