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
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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
The advantage of an effective exchange rate is（）
A. it gives us an accurate gauge for the strengthening or weakening of a currency
B. it uses a weighted average of bilateral exchanges based on the country’s trading partners
C. unreliable because its using different weights to reflect trade flows
D. A and B
The risk that results from converting the value of foreign-denominated assets into a common currency is called（）
A. translation exposure
B. transaction exposure
C. foreign exposure
D. economic exposure
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