Balance of PaymentsTrue False Questions .doc
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1、Chapter 03 - Balance of Payments3-1 2012 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole
2、or part.Chapter 03 Balance of PaymentsTrue / False Questions 1. Over half of all dollar bills in circulation are held outside Americans borders. True FalseMultiple Choice Questions2. The current account balance, which is the difference between a countrys exports and imports, is a component of the co
3、untrys GNP. Other components of GNP include A. consumption and investment and government expenditure. B. consumption and government expenditure and net exports. C. consumption and net exports and government expenditure. D. consumption less imports.3. If the United States imports more than it exports
4、, then this means that A. the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus. B. the demand for dollars is likely to exceed the supply in the foreign exchange market, ceteris paribus. C. the U.S. dollar would be under pressure to appreciate against o
5、ther currencies. D. both b) and c) are correct4. Balance of payments A. is defined as the statistical record of a countrys international transactions over a certain period of time presented in the form of a double-entry bookkeeping. B. provides detailed information concerning the demand and supply o
6、f a countrys currency. C. can be used to evaluate the performance of a country in international economic competition. D. all of the aboveChapter 03 - Balance of Payments3-2 2012 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or di
7、stribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.5. If a country is grappling with a major balance-of-payment difficulty, it may not be able to expand imports from the outside world. Instead, the country
8、may be tempted to A. impose measures to restrict imports. B. impose measures to discourage capital outflows. C. Both a) and b) D. None of the above6. If the United States imports more than it exports, then A. the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteri
9、s paribus. B. one can infer that the U.S. dollar would be under pressure to depreciate against other currencies. C. a) and b) D. None of the above7. Generally speaking, any transaction that results in a receipt from foreigners A. will be recorded as a debit, with a negative sign, in the U.S. balance
10、 of payments. B. will be recorded as a debit, with a positive sign, in the U.S. balance of payments. C. will be recorded as a credit, with a negative sign, in the U.S. balance of payments. D. will be recorded as a credit, with a positive sign, in the U.S. balance of payments.8. Generally speaking, a
11、ny transaction that results in a payment to foreigners A. will be recorded as a debit, with a negative sign, in the U.S. balance of payments. B. will be recorded as a debit, with a positive sign, in the U.S. balance of payments. C. will be recorded as a credit, with a negative sign, in the U.S. bala
12、nce of payments. D. will be recorded as a credit, with a positive sign, in the U.S. balance of payments.9. If Japan exports more than it imports, then A. the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus. B. one can infer that the yen would be likel
13、y to appreciate against other currencies. C. a) and b) D. None of the aboveChapter 03 - Balance of Payments3-3 2012 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, sca
14、nned, duplicated, forwarded, distributed, or posted on a website, in whole or part.10. The balance of payments records A. only international trade, (exports and imports). B. only cross-border investments (FDI and portfolio investment). C. not only international trade, (exports and imports) but also
15、cross-border investments. D. none of the above11. Credit entries in the U.S. balance of payments A. result from foreign sales of U.S. goods and services, goodwill, financial claims, and real assets. B. result from U.S. purchases of foreign goods and services, goodwill, financial claims, and real ass
16、ets. C. give rise to the demand for dollars. D. give rise to the supply of dollars. E. both a) and c)12. A country experiencing a significant balance-of-payments surplus would be likely to A. expand imports, offering marketing opportunities for foreign enterprises. B. refrain from imposing foreign e
17、xchange restrictions. C. expand exports, offering international marketing opportunities for domestic enterprises. D. Both a) and b)13. Suppose the McDonalds Corporation imports Canadian beef, paying for it by transferring the funds to a New York bank account kept by the Canadian Beef producer. A. Pa
18、yment by McDonalds will be recorded as a debit. B. The deposit of the funds by the seller will be recorded as a debit. C. Payment by McDonalds will be recorded as a credit. D. The deposit of the funds by the buyer will be credit.14. Since the balance of payments is presented as a system of double-en
19、try bookkeeping, A. every credit in the account is balanced by a matching debit. B. every debit in the account is balanced by a matching credit. C. answers a) and b) are both true D. none of the aboveChapter 03 - Balance of Payments3-4 2012 by McGraw-Hill Education. This is proprietary material sole
20、ly for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.15. Suppose the InBev Corporation (a non-U.S. MNC) buys the Anheuser-Busch Corporation, payi
21、ng the U.S. shareholders cash. A. Payment by InBev will be recorded as a debit. B. The deposit of the funds by the sellers will be recorded as a debit. C. Payment by InBev will be recorded as a credit. D. The deposit of the funds by the buyer will be credit.16. The current account includes A. the ex
22、port and import of goods and services. B. all purchases and sales of assets such as stocks, bonds, bank accounts, real estate, and businesses. C. all purchases and sales of international reserve assets such as dollars, foreign exchanges, gold, and special drawing rights (SDRs). D. none of the above1
23、7. A country with a current account surplus A. acquires IOUs from foreigners, thereby increasing its net foreign wealth. B. must borrow from foreigners or draw down on its previously accumulated foreign wealth. C. will experience a reduction in the countrys net foreign wealth. D. both b) and c)18. T
24、he capital account includes A. the export and import of goods and services. B. all purchases and sales of assets such as stocks, bonds, bank accounts, real estate, and businesses. C. all purchases and sales of international reserve assets such as dollars, foreign exchanges, gold, and special drawing
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