第一章 单元测试

1、单选题：
A rise of interest rates will cause（ ）
选项：
A:an increase in borrowing and a slowing-down of credit creation

B:a decrease in borrowing and an increase in credit creation

C:a decrease in borrowing and a decrease in credit creation

D:an increase in borrowing and an increase in credit creation

答案: 【a decrease in borrowing and a decrease in credit creation
】

2、单选题：
Which of the following is not one of the functions of money? ( )
选项：
A:standard for payment

B:financial assets

C:store of value

D:medium of exchange

答案: 【financial assets
】

3、单选题：
What is the factor that led to the invention of money? ( )
选项：
A:market places

B:difficulties and inefficiency of the barter system

C:double coincidence of wants

D:rate of exchange

答案: 【difficulties and inefficiency of the barter system
】

4、单选题：
If the money supply lags behind production, the economy may suffer from with equally undesirable effects. ( )
选项：
A:deflation
B:debt
C:crisis

D:inflation

答案: 【deflation】

5、单选题：
Narrow money refers to . ( )
选项：
A:M0
B:M0 and M1

C:M2

D:M1 and M2
答案: 【M0 and M1
】

6、判断题：
Strictly speaking, money is currency. （ ）
选项：
A:错
B:对
答案: 【错】

7、判断题：
Money is the unique form in which wealth can be held. （ ）
选项：
A:错
B:对
答案: 【错】

8、判断题：
Interest rates move in the same direction with that of the stock index.（ ）
选项：
A:错
B:对
答案: 【错】

9、判断题：
Nominal interest rate is unadjusted for inflation.（ ）
选项：
A:对
B:错
答案: 【对】

10、判断题：
Raising the reserve requirement ratio will release liquidity. （ ）
选项：
A:错
B:对
答案: 【错】

第二章 单元测试

1、单选题：
Based on the data of 2019, the biggest geographic trading center for foreign exchange is primarily _______.（ ）
选项：
A:London

B:Shanghai

C:New York

D:Tokyo

答案: 【London
】

2、单选题：
_______ is the date on which the money must be paid to the parties involved in spot transaction.（ ）
选项：
A:The business day

B:The deal date

C:The value date

D:The working day

答案: 【The value date
】

3、单选题：
Suppose a small Chinese firm sold some goods to a Japanese firm, and it will receive payment of 1 million yen in 60 days. Which of the following statement is right?（ ）
选项：
A:The Chinese firm has a liability position in yen - short position in yen.

B:The Chinese firm can enter into a forward contract to sell 1 million yen in 60 days.

C:If the yen depreciates in 60 days, the firm will receive more yuan.

D:The exchange rate risk is lower in a short period, so there is no need for the exporter to hedge the risks.

答案: 【The Chinese firm can enter into a forward contract to sell 1 million yen in 60 days.
】

4、单选题：
Swap transactions involve two _______ inseparable contract deals, usually the first for spot delivery, and the second for future delivery. （ ）
选项：
A:consistent

B:successive

C:corresponding

D:simultaneous

答案: 【simultaneous
】

5、单选题：
The _______ gives buyer the right, but not the obligation, to buy (or sell) a specified amount of one currency for another at a specified price on a specified date.（ ）
选项：
A:swap transaction

B:futures transaction

C:option transaction

D:forward transaction

答案: 【option transaction
】

6、判断题：
Foreign bank notes are not foreign exchange in the narrower sense.（ ）
选项：
A:错
B:对
答案: 【对】

7、判断题：
Quotes using a country’s home currency as the unit currency are known as direct quotation.（ ）
选项：
A:对
B:错
答案: 【错】

8、判断题：
Futures contracts can be customized to meet particular customer needs.（ ）
选项：
A:错
B:对
答案: 【错】

9、判断题：
It is estimated that speculation accounts for only 10% of the daily trading activity in foreign exchange market.（ ）
选项：
A:对
B:错
答案: 【错】

10、判断题：
Opportunities for actual arbitrage in foreign exchange market are rare.（ ）
选项：
A:对
B:错
答案: 【对】