Chapter 13: The Balance of Payments
Multiple-choice Questions:
1. Which of the following is false?
A. A credit transaction leads to a payment from foreigners B. A debit transaction leads to a payment to foreigners *C. A credit transaction is entered with a negative sign
D. Double-entry bookkeeping refers to each transaction entered twice.
2. Which of the following is a debit? A. The export of goods B. The export of services
*C. Unilateral transfers given to foreigners D. Capital inflows
3. Capital inflows:
A. refer to an increase in foreign assets in the nation B. refer to a reduction in the nation's assets abroad C. lead to a payment from foreigners *D. all of the above
4. When a U.S. firm imports goods to be paid in three months the U.S. credits: A. the current account B. unilateral transfers *C. capital
D. official reserves
5. The receipt of an interest payment on a loan made by a U.S. commercial bank to a foreign resident is entered in the U.S. balance of payments as a: A. credit in the capital account *B. credit in the current account C. credit in official reserves D. debit in unilateral transfers
6. The payment of a dividend by an American company to a foreign stockholder represents: A. a debit in the U.S. capital account B. a credit in the U.S. capital account
C. a credit in the U.S. official reserve account *D. a debit in the U.S. current account
7. When a U.S. firm imports a good from England a pays for it by drawing on its pound sterling balances in a London Bank, the U.S. debits its current account and credits its: A. official reserve account B. unilateral transfers account
C. services in its current account *D. capital account
8. When the U.S. ships food aid to a developing nation, the U.S. debits: *A. unilateral transfers B. services C. capital
D. official reserves
9. When the resident of a foreign nation (1) sells a U.S. stock and (2) deposits the proceeds in a U.S. bank, the U.S.:
A. credits capital for (1) and debits capital for (2) B. credits the current account and debits capital C. debits capital and credits official reserves
*D. debits capital for (1) and credits capital for (2)
10. When a U.S. resident (1) purchases foreign treasury bills and pays by (2) drawing down his bank balances abroad, the U.S.:
A. debits short-term capital and credits official reserves *B. debits capital for (1) and credits capital for (2) C. debits official reserves and credits capital
D. credits short-term capital and debits official reserves
11. From the U.S. point of view, drawing on (reducing) foreign bank balances in a New York bank represents a: A. capital inflow *B. capital outflow
C. outflow of official reserves D. debit in the current account
12. Which is not an official reserve asset of the U.S.? A. U.S. holdings of Special Drawing Rights
B. The U.S. reserve position in the International Monetary Fund *C. Foreign official holdings of U.S. dollars
D. Official holdings of foreign currencies by U.S. monetary authorities
13. The capital account of the U.S. includes:
A. the change in U.S. assets abroad and foreign assets in the U.S.
*B. the change in U.S. assets abroad and foreign assets in the U.S., other than official reserve assets
C. all financial assets
D. all but current account transactions
14. Accommodating items are:
A. transactions in official reserve assets B. the items below the line
C. needed to balance international transactions *D. all of the above
15. Which of the following is false?
*A. a net debit balance in the current and capital accounts measures the surplus in the nation's balance of payments
B. a balance of payments deficit must be settled by a net credit in the official reserve account C. a deficit in the balance of payments can be measured by the excess of credits over debits in the official reserve account
D. a net debit balance in the official reserve account refers to a surplus 思考题：
以2009年中美两国国际收支平衡表为例，分析两国国际经济交易呈现出哪些不同特征？ 战后美国出现大的贸易失衡，其原因和影响是什么？ 中国的外汇储备量世界第一，其原因是？有何利弊？
Chapter 14: Foreign Exchange Markets and Exchange Rates
Multiple-choice Questions:
1. Which is not a function of the foreign exchange market? A. to transfer funds from one nation to another B. to finance trade *C. to diversify risks
D. to provide the facilities for hedging
2. An increase in the pound price of the dollar represents: *A. an appreciation of the dollar B. a depreciation of the dollar C. an appreciation of the pound D. a devaluation of the dollar
3. A change from $1=