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1、第一章? 1. If a nations domestic savings equals 6 and a nations domesticinvestment equals 10, then the nation is experiencing: A. a net capital outflow. B a net capital inflow. C. no net capital inflow or outflow. D. a current account surplus.? 2. If domestic investment is greater than domestic saving,
2、 A. expenditures equal domestic income and net exports equal zero.B. expenditures are greater than domestic income and net exportsare negative.C. expenditures are less than domestic income and net exports arepositive.D. expenditures are greater than domestic income and net exports arepositive zero.?
3、 3. A current account deficit in the U.S. is:A. necessarily bad because it represents a lack of domestic saving.B. necessarily good because it represents foreign savings in the U.S.C. necessarily bad because it undermines the U.S.s ability to experienceeconomic growth. D.is neither good nor bad.? 4.
4、 The balance of payments system A. is another method for calculating GDP. B. insures that the net exports are always equal to zero. C. measures the total value of a domestic economystransactions with the rest of the world. D. attempts to limit the fluctuation in international exchangerates.? 5. The
5、balance on merchandise trade is a component of A. the current account. B. the capital account. C. foreign direct investment. D. portfolio investment.? 6. A debit entry in the balance of payments accounts represents A. a transaction that includes a payment from abroad adomestic resident. B. a transac
6、tion that includes a payment abroad by a domesticresident. C. a decrease in the current account deficit. D. an increase in the capital account surplus.? 7. Which of the following transactions are not included in the currentaccount? A. Exports of manufactured goods. B. Imports of manufactured goods.
7、C. Payments of interest and dividends on foreign assets held bya domestic U.S. resident. D. The purchase of foreign assets by a domestic U.S. resident.? 8. When a country faces a current account deficit, it also faces: A. a services trade deficit. B. a capital account deficit. C. a capital account s
8、urplus. D. a merchandise trade deficit.? 9. In terms of balance of payments accounting, which of the followingwould be recorded as a debit entry? A. Exports of merchandise. B. Exports of services. C. A foreigners purchase of a U.S. Treasure bond. D. An increase in a U.S. citizens account at a foreig
9、n bank.? 10. Suppose an American tourist travels to Mexico, and uses U.S. dollarsto purchase a hotel room in Mexico City. This transaction is recorded as a A. credit in the current account and debit in the capital account. B. debit in the capital account and a credit in the currentaccount. C.credit
10、in the capital account and debit in the current account. D.credit in the capital account and debit in the capital account.? 11. The United States is currently a net debtor nation. This necessarilyimplies that the A.federal government owes money to foreign investors. B.value of U.S. held assets abroa
11、d is lower than the value offoreign held assets in the U.S. C.value of the U.S. dollar is less than the average value of foreigncurrencies. D.U.S. is running a deficit in manufactured goods trade.? 12. After accounting for statistical discrepancies, a capital account A. surplus will always imply a c
12、urrent account surplus. B. surplus will always imply a current account deficit. C. surplus will always exceed the associated current accountsurplus. D. deficit will always exceed the associated current accountsurplus.? 13. Foreign direct investment is a component of A. portfolio investment. B. the c
13、urrent account. C. total trade in services. D. the capital account.? 14. In order for the purchase of stocks to be categorized as foreign directinvestment, it must represent at least _ percent of the foreign entitysoutstanding stockA. 1 B. 10 C. 25 D. 40? 15. Purchases of stock that are too small to
14、o be considered foreign directinvestment are classified as A. depreciation. B. investment spending. C. portfolio investment. D. capital investment.第二章1. For which of the following sets of exchange rates has the cross rate beencorrectly calculated? A. 1 = 2 Swiss francs; $1.50 = 1; $1 = 0.75 Swiss fr
15、ancs B. ￥200 = $1.00; 1 ringgit = $0.15; 20 ringgit = ￥1 C. 1 = 1.5 euro; 3 Swiss francs = 2 euros; 2.25 Swiss francs =1 D. ￥100 = $1.00; 1 ringgit = $0.15; 20 ringgit = ￥12. Suppose the exchange rate between the U.S. dollar and the Canadian dollar is1.37 (C$/$), while the exchange rate for the British pound is 0.66 ( What is /$).the cross rate of Canadian dollars to the British pound (C$/ )? A. 2.08 B. 1.37 C. 0.66 D. 0.483. An American tourist is planning to visit Mexico. The exchange rate at whichthe
