文档库

最新最全的文档下载
当前位置:文档库 > money and bank test bankchap17

money and bank test bankchap17

The Economics of Money, Banking, and Financial Markets, 9e (Mishkin)

Chapter 17 The Foreign Exchange Market

17.1 Foreign Exchange Market

1) The exchange rate is

A) the price of one currency relative to gold.

B) the value of a currency relative to inflation.

C) the change in the value of money over time.

D) the price of one currency relative to another.

Answer: D

Ques Status: Previous Edition

2) Exchange rates are determined in

A) the money market.

B) the foreign exchange market.

C) the stock market.

D) the capital market.

Answer: B

Ques Status: Previous Edition

3) Although foreign exchange market trades are said to involve the buying and selling of currencies, most trades involve the buying and selling of

A) bank deposits denominated in different currencies.

B) SDRs.

C) gold.

D) ECUs.

Answer: A

Ques Status: Previous Edition

4) The immediate (two-day) exchange of one currency for another is a

A) forward transaction.

B) spot transaction.

C) money transaction.

D) exchange transaction.

Answer: B

Ques Status: Previous Edition

5) An agreement to exchange dollar bank deposits for euro bank deposits in one month is a

A) spot transaction.

B) future transaction.

C) forward transaction.

D) deposit transaction.

Answer: C

Ques Status: Previous Edition