普格尔《国际贸易（第17版）》 英文题库Pugel17e_Chapter23_TB_AnswerKey.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 23 Internal and External Balance with Fixed Exchange Rates 1) Which of the following can be considered as domestic assets of a countrys central bank? A) Bank deposits at the central bank B) The countrys government bonds owned by the central bank C) Foreign currency assets held by the central bank D) Currency issued by the central bank Answer: B Difficulty: 1 Easy Topic: From the Balance of Payments to the Money Supply Blooms: Remember AACSB: Reflective Thinking Accessibility: Keyboard Navigation 2) The sum of currency?issued by the central bank and bank deposits at the central bank is called A) the money supply. B) domestic assets. C) the monetary base. D) fractional reserves. Answer: C Difficulty: 1 Easy Topic: From the Balance of Payments to the Money Supply Blooms: Remember AACSB: Reflective Thinking Accessibility: Keyboard Navigation 3) Official intervention in the foreign exchange market to defend a fixed-exchange rate when the value of the countrys currency is under downward pressure causes A) international reserve holdings to fall. B) a downward pressure on the countrys interest rates. C) no change in the liabilities of the central bank. D) the domestic money supply to rise. Answer: A Difficulty: 2 Medium Topic: From the Balance of Payments to the Money Supply Blooms: Understand AACSB: Reflective Thinking Accessibility: Keyboard Navigation 4) Consider a country that has an official settlements balance surplus and is experiencing upward pressure on the exchange-rate value of its currency. Which of the following will NOT be true in this context? A) The central bank of this country must intervene to buy foreign currency and sell domestic currency. B) Its balance sheet will show an increase in official international reserve holdings. C) I