Q30. One year ago, the Canadian Dollar (CAD) was quoted at Australian Dollar (AUD) 0.79800. Today, the CAD is trading at AUD 0.82400. Assume that Canada and Australia are trading partners. Which of the following statements is most accurate? Over the past year, the Canadian:
A) government recently undertook an unanticipated expansionary fiscal policy action. B) real interest rate decreased (relative to Australia's real interest rate). C) economy grew at a faster rate than the Australian economy.
Q31. A nation’s currency is least likely to depreciate on the foreign exchange market because the:
A) country runs a current account deficit. B) government recently undertook an unanticipated contractionary monetary policy action. C) country removes a high tariff on a major imported good.
Q32. An unanticipated shift to an expansionary monetary policy will NOT lead to:
A) more rapid economic growth, an accelerated inflation rate, and lower real interest rates. B) more expensive domestic products, which reduces exports. C) an appreciating domestic currency.
Q33. An unexpected increase in the growth rate of the money supply would: A) cause real interest rates to fall, causing a depreciation of the country's currency. B) cause real interest rates to rise, causing an appreciation of the country's currency. C) have no effect on exchange rates in the short run.
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发表于 2009-1-13 14:29
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