南理工 国际金融题库(英文版).docVIP

Review Material for International Finance （2009） First Part: Concept Explanation: ( select6,18points) London Interbank Offered Rate (LIBOR) Special Drawing Rights (SDR) Bretton Woods System Current Account Euro European Option International Fisher Effect Law of One Price Purchasing Power Parity (PPP) Option 11. Foreign exchange 12. Euro-bond 13. Balance of Payments 14. Gresham’s Law 15. Forward Discount 16. J curves effect 17. Premium 18. Official reserve assets 19. Open Interest 20. OTC 21. CDS 22. NDF 23. Swap agreement 24. Unilateral transfer 25. FX exposure 26. Cover position 27. IPO 28. QFII 29. QDII 30. Optional Forward Exchange Multiple-choice test(only one is correct): 1. Gresham’s Law states that Bad money drives good money out of circulation. Good money drives bad money out of circulation If a country bases its currency on both gold and silver, at an official exchange rate, it will be the more valuable of the two metals that circulate. None of the above. 2. Balance of payments is defined as the statistical record of a country’s international transactions over a certain period of time presented in the form of a double-entry bookkeeping provides detailed information concerning the demand and supply of a country’s currency can be used to evaluate the performance of a country in international economic competition all of the above 3. If the United States imports more than it exports, then The supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus. One can infer that the U.S. dollar would be under pressure to depreciate against other currencies a) and b) None of the above 4. The current spot exchange rate is $1.55/￡ and the three-month forward rate is $1.50/￡. You enter into a short position on ￡1,000. At maturity, the spot exchange rate is $1.60/￡. How much have you made or lost? Lost $100 Made ￡100 Lost $50 Made $150 5. The sensitivity of “realized” domestic currency values of the firm’s contractual cash flows d