International Finance Question Bank
Chatper 34 International Finance - Test Bank
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The currency used to buy imported goods is A) the buyer's home currency. C) the currency of a third country. 1) B) the seller's home currency. D) special drawing rights. 2)
2) If portable disk players made in China are imported into the United States, the Chinese manufacturer is paid with A) international monetary credits. B) dollars. C) yuan, the Chinese currency. D) euros, or any other third currency. 3) If the United States sells beef to Japan, the U.S. beef producer is paid with A) euros, or any other third currency. B) dollars. C) yen, the Japanese currency. D) international monetary credits. 4) When Safeway supermarkets in the United States buys strawberries from Mexico, A) it must use dollars to pay Mexican farmers. B) it may use any currency it chooses. C) it must use pesos to pay Mexican farmers. D) the transaction shows up in the U.S. capital account. 5) A country records its international finance accounts in its A) balance of payments accounts. B) import/export log accounts. C) trade payments accounts. D) net exports payments account. 6) A country's balance of payments accounts record A) its international trading, borrowing, and lending. B) only its official transactions with other governments. C) the country's net indebtedness to foreigners. D) the flow of human and nonhuman resources between it and its trading partners. 7) A country's balance of payments accounts include all of the following EXCEPT A) military account. B) capital account. C) current account. D) official settlements account. 8) The balance of payments accounts include the A) non-performing account. C) current account.
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8) B) export bank account. D) exim bank account. 9)
9) In part, a country's current account measures A) its current debt as opposed to its long-term debt. B) receipts from the sale
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The currency used to buy imported goods is A) the buyer's home currency. C) the currency of a third country. 1) B) the seller's home currency. D) special drawing rights. 2)
2) If portable disk players made in China are imported into the United States, the Chinese manufacturer is paid with A) international monetary credits. B) dollars. C) yuan, the Chinese currency. D) euros, or any other third currency. 3) If the United States sells beef to Japan, the U.S. beef producer is paid with A) euros, or any other third currency. B) dollars. C) yen, the Japanese currency. D) international monetary credits. 4) When Safeway supermarkets in the United States buys strawberries from Mexico, A) it must use dollars to pay Mexican farmers. B) it may use any currency it chooses. C) it must use pesos to pay Mexican farmers. D) the transaction shows up in the U.S. capital account. 5) A country records its international finance accounts in its A) balance of payments accounts. B) import/export log accounts. C) trade payments accounts. D) net exports payments account. 6) A country's balance of payments accounts record A) its international trading, borrowing, and lending. B) only its official transactions with other governments. C) the country's net indebtedness to foreigners. D) the flow of human and nonhuman resources between it and its trading partners. 7) A country's balance of payments accounts include all of the following EXCEPT A) military account. B) capital account. C) current account. D) official settlements account. 8) The balance of payments accounts include the A) non-performing account. C) current account.
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8) B) export bank account. D) exim bank account. 9)
9) In part, a country's current account measures A) its current debt as opposed to its long-term debt. B) receipts from the sale