题目内容

For a small nation ( )

A. the foreign supply of exports is horizontal
B. the domestic demand for imports is horizontal
C. the foreign supply for imports is horizontal
D. the foreign supply of exports is vertical

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While adjustment under a flexible exchange rate system relies on changing the external value of the national currency, adjustment under the gold standard relies on changing internal prices in each nation. ()

The exchange rate between dollar and pound change from $2/£1 to $1/£1 implies( )

A. an appreciation of the dollar
B. a depreciation of the dollar
C. a devaluation of the dollar
D. an exchange rate overshooting

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If spot rate is $2/£1 and the three-month forward rate is $2.02/£1( )

A. the pound is at a three-month forward premium of 1%
B. the pound is at a forward premium of 1% per year
C. the pound is at a three-month forward discount of 1%
D. the dollar is at a three-month forward discount of 1%

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An effective exchange rate is a:( )

A. spot rate
B. forward rate
C. flexible exchange rates
D. weighted average of the exchange rates between the domestic currency and the nation's most important trade partners

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For a small nation ( )

A. the foreign supply of exports is horizontal B. the domestic demand for imports is horizontal C. the foreign supply for imports is horizontal D. the foreign supply of exports is vertical

While adjustment under a flexible exchange rate system relies on changing the external value of the national currency, adjustment under the gold standard relies on changing internal prices in each nation. ()

The exchange rate between dollar and pound change from $2/£1 to $1/£1 implies( )

If spot rate is $2/£1 and the three-month forward rate is $2.02/£1( )

An effective exchange rate is a:( )

A. the foreign supply of exports is horizontal
B. the domestic demand for imports is horizontal
C. the foreign supply for imports is horizontal
D. the foreign supply of exports is vertical