(完整word版)英文版国际金融试题和答案 .pdf

(完整 word 版)英文版国际金融试题和答案 Part Ⅰ.Decide whether each of the following statements is true or false （10％）每题1 分,答错不扣分 1。 If perfect markets existed, resources would be more mobile and could therefore be transferred to those countries more willing to pay a high price for them. （ T ) 2. The forward contract can hedge future receivables or payables in foreign currencies to insulate the firm against exchange rate risk。 （ T ) 3。 The primary objective of the multinational corporation is still the same primary objective of any firm ， i。e., to maximize shareholder wealth. （ T ) 4。 A low inflation rate tends to increase imports and decrease exports, thereby decreasing the current account deficit, other things equal。 ( F ) 5. A capital account deficit reflects a net sale of the home currency in exchange for other currencies。 This places upward pressure on that home currency’s value。 ( F ) 6。 The theory of comparative advantage implies that countries should specialize in production, thereby relying on other countries for some products. （ T ） 7. Covered interest arbitrage is plausible when the forward premium reflect the interest rate differential between two countries specified by the interest rate parity formula. ( F ） 8 ．The total impact of transaction exposure is on the overall value of the firm. ( F ) 9. A put option is an option to sell-by the buyer of the option-a stated number of units of the underlying instrument at a specified price per unit during a specified period。 ( T ) 10. Futures must be marked—to-market. Options are not. ( T ） PartⅡ：Cloze (20％)每题 2 分，答错不扣分 1。 If inflation in a foreign country differs from inflation in the home country ， the exchange rate will adjust to maintain equal （ purchasing power ） 2. Speculators wh