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
查看答案
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
The difference between the covered and uncovered interest parity conditions is（）
A. whether or not the future exchange value is secured with a hedge
B. how far out the expected spot rates are given
C. whether or not the foreign interest rate is known
D. whether or not the investment return rates are guaranteed
The demand for currency is considered（）
A. derived because it is determined by the demand for international purchases
B. linear because it is determined by forces that move so quickly
C. derived because demand is a function of the government’s intervention in currency markets
D. relative because it is determined by exogenous variables
微信支付 
支付宝支付