When two countries choose to use a new currency, they are（）
A. participating in a monetary union
B. dollarizing
C. forming an optimal currency area
D. increasing their monetary autonomy
查看答案
If covered interest parity holds then（）
A. the difference between two countries’ interest rates should roughly equal the forward discount or premium between their currencies
B. international interest rates should be equal
C. firm should be able to identify opportunities for arbitrage in investments
D. forward rates should equal spot rates
When an investment carries a higher than expect return to compensate an individual for uncertainty, this is known as a（）
A. risk premium
B. uncovered interest arbitrage opportunity
C. hedge
D. translation exposure
The theory of optimal currency areas argues that social welfare is_when countries participate in_（）
A. increased; a monetary union
B. decreased; a monetary union
C. increased; a managed float system
D. decreased; policy coordination
One difficulty in achieving international coordination is that（）
A. central banks often must compromise for the good of both nations
B. one nation is always made worse off
C. monetary union is required
D. sterilization is often politically unpopular
微信支付 
支付宝支付