普格尔《国际贸易（第17版）》 英文题库Pugel17e_Chapter17_TB.docxVIP

PAGE 1 Copyright 2020 ? McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. International Economics, 17e (Pugel) Chapter 17 The Foreign Exchange Market 1) Which of the following refers to foreign exchange? A) The act of trading different nations moneys B) The holdings of foreign assets C) The act of exchanging goods and services internationally D) The adoption of foreign trade policies 2) If the price of British pounds in terms of U.S. dollars is $1.80 per pound, then the price of U.S. dollars in terms of British pounds is A) ￡1.80 per dollar. B) ￡0.556 per dollar. C) ￡0.90 per dollar. D) ￡3.60 per dollar. 3) The exchange rate set for an immediate trade is often referred to as a A) managed exchange rate. B) pegged exchange rate. C) forward exchange rate. D) spot exchange rate. 4) The exchange rate that is set now for a currency trade that will take place sometime more than a few days in the future is often referred to as a A) spot exchange rate. B) forward exchange rate. C) pegged exchange rate. D) managed exchange rate. 5) The retail part of the foreign exchange market does not include traders at banks trading with A) national governments. B) stock brokers who trade in the assets of the firms in different nations. C) traders at other banks. D) nonfinancial companies that sometimes want to buy and sell different currencies. 6) Which of the following is true of foreign exchange markets? A) The foreign exchange market is a single gathering place where traders shout buy-and-sell orders at each other. B) Individuals exchanges of currencies comprise the largest portion of overall foreign exchange trading. C) The laws of demand and supply are not applicable in a foreign exchange market. D) Most foreign exchange trading involves the exchange of U.S. dollars for other currencies. 7) The U.S. dollar is called a ________ because it is often used as an intermediary to accomplish tradin