标题: Reading 19: Foreign Exchange Parity Relations-LOS b 习题精选 [打印本页]
作者: 土豆妮 时间: 2011-3-6 13:42 标题: [2011]Session 4-Reading 19: Foreign Exchange Parity Relations-LOS b 习题精选
Session 4: Economics for Valuation
Reading 19: Foreign Exchange Parity Relations
LOS b: Explain the role of each component of the balance of payments accounts.
Which of the following statements regarding the balance of payments accounts is most accurate?
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A) |
The total of the balance of payments accounts does not have to equal zero. | |
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B) |
A current account surplus is an indication of economic strength. | |
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C) |
Running a deficit in the current account balance means a country imports more than it exports. | |
The balance of payments (BOP) equation is:
Current Account + Capital Account + Official Reserve Account = 0
The current account measures the exchange of merchandise goods, services, investment income, and unilateral transfers (gifts to and from other nations) between nations. The BOP equation must equal zero and a surplus or deficit in any account does not indicate an economic strength or weakness.
作者: 土豆妮 时间: 2011-3-6 13:42
In balance of payments accounting, the net inflow of debt and equity investment funds into the country appears in the:
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A) |
official reserve account. | |
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The financial account measures the flow of debt and equity investment funds into and out of the country.
作者: 土豆妮 时间: 2011-3-6 13:43
If a nation is running a deficit in the current account, the sum of the financial account and the official reserve account must be:
The balance of payments equation is: Current account balance + financial account balance + official reserve account balance = 0. If the current account balance is in deficit, the others must be positive for the sum of these balances to be zero.
作者: 土豆妮 时间: 2011-3-6 13:43
Under a system of flexible exchange rates, a nation that has a surplus on current account transactions will experience a:
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A) |
surplus on its financial accounts transactions. | |
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B) |
deficit on its financial accounts transactions. | |
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C) |
deficit on its balance of payments. | |
A surplus on current account transactions must be offset by a deficit in its financial accounts in order to have a balance on a nation’s account transactions, a balance of payments.
作者: 土豆妮 时间: 2011-3-6 13:45
Which of the following statements is most accurate for a country with a current account surplus? The current account surplus must be:
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A) |
exactly offset by a deficit in the sum of the financial and official reserve accounts. | |
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B) |
exactly offset by a deficit in the financial account. | |
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C) |
accompanied by surpluses in the financial and official reserve accounts. | |
By definition: current account + financial account + official reserve account = 0.
作者: 土豆妮 时间: 2011-3-6 13:45
The current account balance reflects the exchange of:
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A) |
goods, services, and investment income. | |
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B) |
goods and services only. | |
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C) |
goods, services, investment income, and unilateral transfers. | |
The current account balance reflects the exchange of merchandise, services, investment income, and unilateral transfers.
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