If the exchange rate of a country’s currency is persistently and obviously undervalued, it will often lead to（）
A. increase in foreign exchange supply, decrease in foreign exchange demand, balance of payments surplus
B. decrease in foreign exchange supply, increase in foreign exchange demand, balance of payments deficit
C. increase in foreign exchange supply, decrease in foreign exchange demand, balance of payments deficit
D. decrease in foreign exchange supply, increase in foreign exchange demand, balance of payments surplus
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Which of the following currencies has a depreciating exchange rate and is sold off in the foreign exchange market（）
A. Soft currency
B. Non-convertible currency
C. Free foreign exchange
D. Hard currency
According to the business hours of the foreign exchange bank, the exchange rate can be divided into（）
A. opening and closing exchange rates
B. buying and selling exchange rates
C. t/t rates, d/d rates and m/t rates
D. spot and forward exchange rates
SDRs means（）
A. reserve assets and unit of account created by IMF
B. currency created by the European Economic Monetary Union
C. the central currency of the European Monetary System
D. a special right to use funds created by the World Bank
The international lending theory holds that the reason why a country’s currency depreciates is because（）
A. current liabilities are greater than current claims
B. current claims are greater than current liabilities
C. there are more fixed claims than fixed debts
D. There are more fixed debts than fixed claims
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