标题: Reading 17: The Exchange Rate and Balance of Payments-LOS a习 [打印本页]
作者: 土豆妮 时间: 2010-4-13 15:12 标题: [2010]Session 4-Reading 17: The Exchange Rate and Balance of Payments-LOS a习
Session 4: Economics: Economics for Valuation
Reading 17: The Exchange Rate and Balance of Payments
LOS a: Define an exchange rate and differentiate between the nominal exchange rate and the real exchange rate.
Assuming no changes in the prices of a representative consumption basket in two currency areas over the measurement period, the nominal exchange rate:
|
A) |
can be extrapolated to calculate interest rates. | |
|
B) |
is equal to the real exchange rate. | |
|
C) |
can be converted to the real exchange rate using interest rates. | |
作者: 土豆妮 时间: 2010-4-13 15:12
Assuming no changes in the prices of a representative consumption basket in two currency areas over the measurement period, the nominal exchange rate:
|
A) |
can be extrapolated to calculate interest rates. | |
|
B) |
is equal to the real exchange rate. | |
|
C) |
can be converted to the real exchange rate using interest rates. | |
The real interest rate = the nominal interest rate × ratio of consumption basket (or index) price levels in both countries. Assuming no price changes, the real exchange rate has remained the same as the nominal interest rate during the period.
作者: 土豆妮 时间: 2010-4-13 15:13
In the currency market, traders quote the:
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|
C) |
nominal exchange rate. | |
作者: 土豆妮 时间: 2010-4-13 15:13
In the currency market, traders quote the:
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|
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C) |
nominal exchange rate. | |
The nominal exchange rate is quite simply the price of one currency relative to another. It is the quote observed in currency markets.
作者: 土豆妮 时间: 2010-4-13 15:13
If we compare the prices of goods in two countries through time, we can use the price information in concert with the quoted foreign exchange rate to calculate the:
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|
|
|
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C) |
nominal exchange rate. | |
作者: 土豆妮 时间: 2010-4-13 15:13
If we compare the prices of goods in two countries through time, we can use the price information in concert with the quoted foreign exchange rate to calculate the:
|
|
|
|
|
C) |
nominal exchange rate. | |
A comparison of consumption costs between two markets can, in concert with the foreign exchange rate (also called the nominal exchange rate), be used to calculate the real exchange rate.
作者: luqian55 时间: 2010-5-30 23:07
thanks
作者: annyyu 时间: 2011-1-4 03:44
re
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