Quiz tentang Paritas Suku Bunga

What is meant by Interest Rate Parity (IRP)?

• The relationship between inflation and currency exchange rates

• The principle that interest rate differentials must be reflected in forward exchange rates

• The difference between domestic and international interest rates that is always constant

• The relationship between economic growth and central bank interest rates

• The principle that forward exchange rates are always higher than spot exchange rates

If IRP holds, then investors...

• Can arbitrage without risk

• Cannot gain from arbitrage

• Must use options contracts to avoid risk

• Will always profit from interest rate differentials

• Can predict inflation more accurately

In the IRP formula, the main components used are...

• Domestic interest rate, foreign interest rate, forward rate, and spot rate

• Inflation, domestic interest rate, and fiscal policy

• Forward rate, export value, and budget deficit

• Foreign interest rate, monetary policy, and fixed exchange rate

• Spot rate, export tax, and balance of payments

If the interest rate in country A is higher than in country B and IRP holds, then...

• The currency of country A will always strengthen

• The currency of country B will always weaken

• The forward rate will reflect this interest rate differential

• Investors must immediately sell the currency of country B

• Investors will gain significant profits without risk

The forward rate can be calculated using the following formula:

• F=S×(1+id1+if)

• F=S×(1+id−if)

• F=S+(id−if)

• F=S×(if/id)

• F=S×(id+if)

If the domestic interest rate is lower than the foreign interest rate, then based on IRP...

• The forward rate of the domestic currency will be higher than the spot rate

• The forward rate of the domestic currency will be lower than the spot rate

• There is no relationship between interest rates and forward rates

• Investors will always incur losses

• The government must intervene

Covered Interest Arbitrage occurs when...

• The forward exchange rate does not reflect the interest rate differentials between countries

• The domestic interest rate is equal to the foreign interest rate

• There is no difference between the spot rate and the forward rate

• Investors buy fixed interest rate-based assets

• The forward exchange rate is always higher than the spot exchange rate

In Covered Interest Arbitrage, investors must...

Interest Arbitrage, investor harus…

• Meminjam mata uang dengan suku bunga lebih tinggi dan menginvestasikan dalam mata uang dengan suku bunga lebih rendah

• Meminjam mata uang dengan suku bunga lebih rendah dan menginvestasikan dalam mata uang dengan suku bunga lebih tinggi

• Tidak melakukan transaksi forward untuk menghindari risiko

• Menghindari suku bunga tinggi karena risiko yang lebih besar

• Menggunakan nilai tukar spot untuk semua transaksi

Jika IRP tidak berlaku, maka…

• Tidak ada peluang arbitrase

• Covered Interest Arbitrage menjadi mungkin

• Semua mata uang akan mengalami depresiasi

• Investor akan lebih memilih menyimpan uang di dalam negeri

• Suku bunga domestik dan asing akan selalu sama