Commercial banks usually quote four prices when they buy or sell foreign exchange: the central parity rate, the spot purchase rate, the cash purchase rate and the selling rate. Under the direct quotat
A. selling rate and the cash purchase rate
B. central parity and spot purchase rate
C. spot purchase rate and cash purchase rate
D. spot purchase rate and selling rates
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Compared with the purchase price of foreign currency cash, the price of foreign exchange banks to buy cash was（）
A. more expensive
B. cheaper
C. the same
D. equal to the central exchange rate
The international monetary system which belongs to the fixed exchange rate system includes（）
A. Bretton Woods system
B. international gold standard system
C. the Jamaica system
D. post-Bretton Woods system
E. credit monetary system
The most direct determinant of the exchange rate of a currency to other currencies is（）
A. the supply and demand of the currency in the foreign exchange market
B. price level in the issuing country of that currency
C. people’s expectation of the trend of the currency
D. the size of the country’s trade balance
When a country has a large current account surplus, which policy can be adopted to reduce the surplus（）
A. Currency appreciation
B. Tight fiscal policy
C. Increasing export tax rebate
D. Currency depreciation
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