First, multiple-choice questions (this big question is a small question of * * 16, and each small question is 1 point, and * *1point)
Of the four options listed in each question, only one meets the requirements of the topic. Please fill in the code in brackets after the title. Wrong selection, multiple selection or no selection will not be scored.
1. Elastic price monetary model believes that when other conditions remain unchanged, ()
A. the increase of domestic money supply leads to the appreciation of local currency B. the increase of domestic income leads to the appreciation of local currency.
C. the rise in domestic interest rates leads to the appreciation of the local currency D. the rise in domestic prices leads to the appreciation of the local currency.
2. When the financial crisis comes, the international financial institution that plays the important role of "lender of last resort" is ()
A. World Bank B. Bank for International Settlements
C. international monetary fund d international finance corporation
3.3 Special Drawing Rights created. IMF ()
A.it has intrinsic value. B. it can be used for trade and non-trade international payment.
C. The paid distribution to member governments according to share D is book assets.
4. When the interest rate elasticity of international capital flows is zero, B/P is a ().
A. Horizontal curve B. Vertical curve
C. Positive slope curve D. Negative slope curve
5. In the foreign exchange market in Hong Kong, the spot exchange rate quoted by China Bank against the US dollar is 1 = 7.8420-7.8460 Hong Kong dollars, and the swap exchange rate for 1 month is 70-50, so the actual exchange rate of the US dollar against 1 month forward Hong Kong dollar is ().
a . 7. 1420—7.3460 b . 7.8350—7.84 10
c . 7.8490—7.85 10d . 8.5420—8.3460
6. Following the fifth sub-topic in this volume, the trend of forward exchange rate of USD or HKD 1 month is ().
A. the premium between the hong kong dollar and the us dollar
C. Discount between Hong Kong dollars and US dollars
7. The main obstacle for enterprises to choose overseas cross-listing is to implement () according to the requirements of the securities regulatory authorities of the host country.
A. Credit rating criteria B. Asset size criteria
C. Information disclosure standards D. Qualification standards for listing on the main board market
8. The leasing interest rate in international leasing business is equal to ()
A ratio of net rental income to profit ratio of financing cost to rental income
C. Ratio of equipment acquisition cost to financing cost D. Ratio of rental income to net rental investment
9. The currency traded in the European money market is ().
A. euro dollar
C. euromark
10. The international financial institution that requires member countries to cancel currency exchange restrictions under the current account is ().
A.b. International Monetary Fund
C. international bank for reconstruction and development
1 1. The World Bank Group includes ()
A. IBRD+IMF+IFC
C. IBRD+IDA+IFC
12. It is () that acts as the base currency in the inter-bank foreign exchange market.
A. USD, GBP, JPY, EUR USD, GBP, CAD, JPY
C USD, GBP, EUR, HKD USD, GBP, EUR, AUD
13. Intergovernmental economic and military assistance is recorded in ().
A. Current account B. Capital account
C.d. Reserve assets account
14. The convergence standard stipulates that the long-term interest rate of the member countries participating in the euro cannot exceed the average level of the three member countries with the lowest inflation rate ().
A. 1.5 percentage points B.2 percentage points
C.2.5 percentage points D.3 percentage points
15. Continued weakening of the US dollar exchange rate will lead to ()
A. Gold price rises B. Gold price falls
C. Gold price unchanged D. Gold monetization
16. The Mundell-Fleming model under the fixed price level shows that under the fixed exchange rate system ()
A.b. Effective fiscal policy
C. Effective income policy D. Effective exchange rate policy
Second, multiple-choice questions (this big topic ***5 small questions, each small question 2 points, *** 10 points)
At least two of the five options listed in each question meet the requirements of the topic. Please fill in the code in the brackets after the title. Wrong selection, multiple selection, less selection or no selection do not score.
17. The necessary condition for a currency as a reserve currency is ().
A.b. Universal acceptability
C.d. adequate liquidity
E. the relative stability of intrinsic value
18. The important document to ensure the start and stable operation of the euro and the European Economic Union is ().
A. Maastricht Treaty B. Treaty on European Union
C. Stability and Growth Pact D. Legal status of the euro
E. New currency exchange rate mechanism
19. According to IS-LM-BP model, under the floating exchange rate system ()
A.b. Effective fiscal policy
C. Ineffective monetary policy D. Ineffective fiscal policy
E. Effective income policy
20. In selective foreign exchange business, when the forward exchange rate is discounted, ()
A. the bank takes the selective opening price as the buying price. B. the bank takes the selective opening price as the selling price.
C the bank takes the exchange rate at the end of the optional period as the purchase price. D. the bank takes the exchange rate at the end of the optional period as the selling price.
E. When the bank discounts and sells selective forward foreign exchange, the discount is not calculated.
2 1. The high liquidity and high speculation of international speculative capital do great harm to capital inflow countries, such as ().
A. affect its foreign debt solvency B. reduce its national credit rating
C. lead to its international balance of payments imbalance D. its currency exchange rate fluctuates violently.
E. its financial market is in chaos.
Third, the noun explanation question (this big question ***3 small questions, each small question 2 points, ***6 points)
22. Relative purchasing power parity
23.QFII
24. Arbitrage
Fourth, the judgment analysis question (this big question ***3 small questions, 4 points for each small question, *** 12 points)
To judge whether it is true or not, put "√" in the brackets after the question, and put "×" in the wrong one, and briefly explain the reasons.
25. The offshore financial center of the European money market is based on the strong economic strength and huge capital accumulation of the countries where the market is located. ( )
26. According to the absorption method, whether currency depreciation can effectively adjust the balance of payments depends on the absorption degree caused by total income and total expenditure. ( )
27. There is a difference between the foreign exchange buying price of a foreign exchange bank and the buying price of foreign currency cash. ( )
Five, short answer questions (this big question ***4 small questions, each small question 6 points, ***24 points)
28. Why is there an opportunity cost in holding foreign exchange reserves?
29. Can raising the statutory reserve ratio change the direction of domestic and international capital flows? Why?
30. What are the characteristics of foreign currency options trading?
3 1. What are the advantages of floating exchange rate system?
Six, calculation problem (this big problem ***2 small questions, each small question 6 points, *** 12 points)
32. It is known that the purchase cost of leased equipment is USD 6,543,800+0,000, and the lease term is 2 years. The rent is paid in equal amount every year, and the rental interest rate is 7%. Please use the annuity method to calculate the rent for each period and the total rent.
33. The foreign exchange quotation published by China Industrial and Commercial Bank:
20081October 4th Euro 1 = RMB 10.7342,
June 2008 10 Euro 1= RMB 10.7930 Yuan.
Please calculate the fluctuation range of the exchange rate of euro against RMB.
Seven, essay questions (this big topic ***2 small questions, each small question 10 points, ***20 points)
34. Please describe the main factors that affect the change of RMB exchange rate.
35. On the challenge of the euro to the current international financial system.