答案和详解如下： Q1. From the discussion of BRIC country prospects, which of the following best represents the conclusion drawn about their attractiveness as an investment? BRIC country stocks are: A) an attractive addition to a portfolio even though their currencies are expected to depreciate. B) an attractive addition to a portfolio because their stronger economic growth may result in higher stock returns. C) not an attractive addition to a portfolio because their risk does not justify their return. Correct answer is B) The stronger economic growth for emerging markets may result in higher stock returns. Furthermore, their currencies should strengthen in value. Q2. Which of the following best characterizes the future investment environment in BRIC countries? BRIC country stock markets will be characterized by currency: A) depreciation and increased market capitalization. B) depreciation and decreased market capitalization. C) appreciation and increased market capitalization. Correct answer is C) The increased growth in emerging markets will increase the demand for capital, which should strengthen their currency values. As a result, the market capitalization of these markets will increase, justifying their representation in a well-diversified portfolio. Q3. From the discussion of BRIC country prospects, which of the following best represents the forecast regarding their attractiveness as an investment? BRIC country stocks are: A) an attractive investment in part because higher currency values will strengthen the return from them. B) an attractive investment in part because developed country “baby boomers” will turn to them as alternative investments. C) not an attractive investment in part because high inflation will detract from their returns. Correct answer is A) The stronger economic growth for emerging markets may result in higher stock returns. Furthermore, the increased growth in these markets will increase the demand for capital, which should strengthen their currency values. Although developed country “baby boomers” may turn to them as alternative investments, this is not mentioned in the review. Q4. Which of the following projections best characterizes BRIC country economies in 2050? A) Increased stock market capitalization and GDP less than in the G6. B) Decreased stock market capitalization and GDP greater than in the G6. C) Increased stock market capitalization and GDP greater than in the G6. Correct answer is C) By 2040, the total size of the BRIC economies may surpass that of the G6. The stronger economic growth for emerging markets should result in higher stock returns. Furthermore, the increased growth in these markets will increase the demand for capital, which should strengthen their currency values. As a result, the market capitalization of these markets should increase by 2050.
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发表于 2009-1-7 10:51
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