Tài chính quốc tế

Which of the following is a weakness of the absolute form of purchasing power parity theory (PPP)?

• The proportion of goods in the basket.

• The respected assumption of the law of one price.

• Compare the price of a basket of goods in local currency and the price of a basket of goods in foreign currencies.

• The difference in education level.

The purchasing power parity theory states that:

• Exchange rate differentials reflect inflation differentials.

• A currency with a high inflation rate tends to depreciate.

• Interest rates are always greater than inflation rates.

• A currency with a high inflation rate has a higher interest rate.

A currency futures put option gives:

• The buyer the right to sell a particular currency futures contract.

• The seller the right to sell a particular currency futures contract.

• The seller the right to sell an underlying currency.

• Both the seller and the buyer to sell a particular currency futures contract.

• The buyer the obligation to sell a particular currency futures contract.

The purchasing power parity (PPP) says:

• The cost of a haircut in HongKong is exactly the same as the cost of a haircut in VN.

• All are wrong.

• All are correct.

• Inflation rates are the same across countries.

Points below the IRP line show:

• IRP exists.

• CIA is feasible for foreign investors.

• CIA is feasible for domestic investors.

• CIA not feasible for all investors.

Which is correct:

• The future and forward contract is mainly used for hedging.

• The future contract is mainly applied by speculators, the forward market is used for hedging.

• The future and forward contract is mainly used for speculation.

• The forward contract is mainly applied by speculators, the future market is used for hedging.

To choose to invest or borrow between one currency and another, what factors should we pay attention to?

• Spot rate

• Interest rates

• Forward rate

• All are correct

A currency call option gives the

• None of the above

• Seller the right to sell the underlying currency

• seller the right to buy the currency futures contracts

• buyer the right to buy the underlying currency

• broker the right to buy the underlying currency

Factor effect to BOP

• exchange rate

• inflation

• restriction of government

• all of them

A transaction report between the residents and non-residents in a period time is called:

• current account

• payment of merchandise

• balance of payment

• basic balance