As regards the content of Basel III, which of the following statements are incorrect ( )
A. Basel III stipulates that the tier-one core capital must be common stock.
B. According to Basel III, the proportion of capital held by ordinary banks should not be less than 10.5% at any time.
C. Basel III eliminated the three-tier capital used to absorb market risk.
D. Basel III requires the establishment of three pillars: minimum capital requirements, regulatory review mechanisms and market constraint.
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The basket of currencies of SDRs include ( )
A. USD
B. GBP
C. EUR
D. JPY
E. CNY
The following statements about the exchange rate system are correct ( )
A. The international responsibility of the exchange rate is to maintain the stability of the exchange rate system in order to promote the stability of the domestic and international financial order.
B. All countries are obliged to establish orderly foreign exchange relations with each other and to avoid competitive devaluation of foreign exchange.
C. Member states may associate the value of their issued currencies with gold and express the value of their currencies in terms of their gold content.
D. The foreign exchange arrangements of member states are subject to the supervision of the IMF.
What is correct about the Bretton Woods system in the following options ( )
A. The Bretton Woods system provides for a direct link between the US dollar and gold.
B. The Bretton Woods system was the first international monetary system ever established in the form of an international agreement.
C. The Bretton Woods system established the system of fixed exchange rates.
D. The Bretton Woods system provides that the currencies of member states need not be linked to the US dollar.
The Special Drawing Rights (SDR) are ( )
A. Cash
B. Unit of account
Cheque
D. Electronic currency