题目内容

Which of the following terms describes an exchange rate regime in which the government intervenes in the foreign exchange market in order to influence the market determined exchange rate?

A. Fully convertible
B. Currency control
C. Managed float
D. Clean float

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Which of the following statements is true?

A. The special drawing right (SDR) is a basket of currencies made up of U.dollars, euros, British pounds, and Japanese yen.
B. Today, only China and Switzerland have currencies fixed to gold.
Currencies whose prices are fixed to the same commodity would ensure that arbitrage will not work and exchange rates will be floating.
D. A country maintains a floating exchange rate value to weaken the international value of its currency.

Which of the following terms is used to describe an exchange rate regime in which the rate is fixed to a currency or basket of currencies?

A. Exchange controls
B. Pegged exchange rate
C. Managed float
D. Fully convertible

For a country which has a relatively high rate of inflation and wants some form of pegged exchange rate, which of the following exchange rate regimes is the best choice?

A. Fully fixed exchange rate
B. Adjustable peg
Crawling peg
D. Fully convertible

Which of the following mechanisms cannot be adopted by a country to defend a fixed exchange rate?

A. The government can buy or sell foreign currency in order to influence the actual exchange rate.
B. The government can allow the currency to self-adjust and the resulting market rate will be equal to the intended rate in the fixed exchange rate regime.
C. The government can impose a form of exchange control.
D. The government can alter domestic interest rates in order to influence short-term capital flows.

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