江西财经大学微观经济学试题库 chapter 09.docVIP

Macroeconomics, 9e (Parkin) Chapter 9 The Exchange Rate and the Balance of Payments 1 Currencies and Exchange Rates 1) The term “foreign currency” refers to foreign I. coins. II. notes. III. bank deposits. A) II only B) II and III only C) I and II only D) I, II, and III Answer: D Topic: Financing International Trade Skill: Recognition AACSB: Reflective Thinking 2) The currency used to buy imported goods is A) special drawing rights. B) the buyers home currency. C) the currency of a third country. D) the sellers home currency. Answer: D Topic: Financing International Trade Skill: Recognition AACSB: Reflective Thinking 3) If portable disk players made in China are imported into the United States, the Chinese manufacturer is paid with A) dollars. B) yuan, the Chinese currency. C) international monetary credits. D) euros, or any other third currency. Answer: B Topic: Financing International Trade Skill: Conceptual AACSB: Reflective Thinking 4) If the United States sells beef to Japan, the U.S. beef producer is paid with A) dollars. B) yen, the Japanese currency. C) international monetary credits. D) euros, or any other third currency. Answer: A Topic: Financing International Trade Skill: Conceptual AACSB: Reflective Thinking 5) When Safeway supermarkets in the United States buys strawberries from Mexico, A) it must use dollars to pay Mexican farmers. B) it must use pesos to pay Mexican farmers. C) it may use any currency it chooses. D) the transaction shows up in the U.S. capital account. Answer: B Topic: Financing International Trade Skill: Conceptual AACSB: Reflective Thinking 6) Americans demand Japanese yen in order to A) buy Japanese products. B) supply American goods in Japanese markets. C) allow the Japanese to buy U.S. products. D) balance the current account. Answer: A Topic: Financing International Trade Skill: Conceptual AACSB: Reflective Thinking 7) The market in which the currency of one country is exchanged for the currency of a