标题: Reading 68: International Asset Pricing-LOS b 习题精选 [打印本页]
作者: 土豆妮 时间: 2011-3-29 15:17 标题: [2011]Session 18-Reading 68: International Asset Pricing-LOS b 习题精选
Session 18: Portfolio Management: Capital Market Theory and the Portfolio Management Process
Reading 68: International Asset Pricing
LOS b: Discuss the factors that favor international market integration.
Which of the following is NOT a factor that favors international market integration?
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A) |
Many institutional investors diversify internationally. | |
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B) |
Governments borrow and lend internationally. | |
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C) |
International tax laws are determined by the International Monetary Fund (IMF). | |
There is little in the way of uniform international tax law. Further, the IMF does not determine tax law. The other factors listed promote market integration.
作者: 土豆妮 时间: 2011-3-29 15:17
International market integration requires significant international capital mobility. In terms of volume of transactions, what has happened to international capital flows over the past two decades?
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A) |
As a percent of domestic gross domestic product (GDP), international capital flows have remained constant. | |
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B) |
International capital flows have increased dramatically. | |
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C) |
International capital flows have increased modestly. | |
The past two decades have witnessed large increases in the volume of international capital flows.
作者: 土豆妮 时间: 2011-3-29 15:17
Which of the following factors favors international market integration even in the presence of barriers to international capital mobility?
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A) |
Multinational corporations borrow and lend internationally. | |
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B) |
Small investors are generally well diversified internationally. | |
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C) |
The international banking system is primarily regulated by the World Bank. | |
Multinational corporations borrow and lend on an international scale. This tends to promote international capital mobility and forces international competition in the credit markets.
作者: 土豆妮 时间: 2011-3-29 15:17
Which of the following will NOT encourage international market integration?
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A) |
International political stability. | |
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B) |
Widespread use of the international capital asset pricing model (ICAPM). | |
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C) |
Absence of trade restrictions. | |
Widespread use of the ICAPM will not enhance market integration. If markets are integrated, then the ICAPM will be a useful model for international asset pricing.
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