国际财务管理作业Chapter 2 - Test Bank.pdf

国际财务管理作业Chapter2-TestBank--第1页

Chapter2—InternationalFlowofFunds

1.Recently,theU.S.experiencedanannualbalanceoftraderepresentinga____.

a.largesurplus(exceeding$100billion)

b.smallsurplus

c.levelofzero

d.deficit

2.Ahighhomeinflationraterelativetoothercountrieswould____thehomecountryscurrentaccount

balance,otherthingsequal.Ahighgrowthinthehomeincomelevelrelativetoothercountrieswould

____thehomecountryscurrentaccountbalance,otherthingsequal.

a.increase;increase

b.increase;decrease

c.decrease;decrease

d.decrease;increase

3.Ifacountrysgovernmentimposesatariffonimportedgoods,thatcountryscurrentaccountbalance

willlikely____(assumingnoretaliationbyothergovernments).

a.decrease

b.increase

c.remainunaffected

d.eitherAorCarepossible

4.____purchasesmoreU.S.exportsthantheothercountrieslistedhere.

a.Italy

b.Spain

c.Mexico

d.Canada

5.Anincreaseinthecurrentaccountdeficitwillplace____pressureonthehomecurrencyvalue,other

thingsequal.

a.upward

b.downward

c.no

d.upwardordownward(dependingonthesizeofthedeficit)

6.Ifthehomecurrencybeginstoappreciateagainstothercurrencies,thisshould____thecurrent

accountbalance,otherthingsequal(assumethatsubstitutesarereadilyavailableinthecountries,and

thatthepriceschargedbyfirmsremainthesame).