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WorksheetsQuiz về Tài chính quốc tế
Total questions: 136
Worksheet time: 1hrs 21mins
What is international finance?
A part of international economics
A part of the capital market
A pure subject
A part of the foreign exchange market
What are the characteristics of international finance?
Exchange rate risk and political risk; The international environment opens up many opportunities and market imperfections
Exchange rate risk and political risk; Market imperfections
The international environment opens up many opportunities; Market imperfections
Exchange rate risk and political risk; The international environment opens up many opportunities
In the development process, what is the primitive form of international finance?
International credit, import-export taxes,…
International financial cooperation
Trade in goods, tribute of gold, silver, and jewels
Indirect investment, non-repayable international aid
What is the effectiveness of international finance with capital flows between countries?
Creates opportunities to diversify investment risks
Allocates capital more efficiently on an international scale
Creates opportunities to diversify investment risks and allocates capital more efficiently on an international scale
Allocates capital more efficiently on a national scale
Which component does not belong to the source of international finance formation?
Revenue and expenditure from international economic relations
Revenue and expenditure from international credit relations
Revenue and expenditure from non-repayable international aid
Issuing government bonds
What are the advantages of international finance?
Independent market
Free market
Easy access to the market
The international environment opens up many opportunities
What is the role of international finance?
Facilitates integration into the global economy
Opens up opportunities for socio-economic development
Creates conditions for economic growth
What is the role of international finance?
Create conditions for integration into the world economy
Open up opportunities for socio-economic development
Create conditions for integration into the world economy; Open up opportunities for socio-economic development and enhance the efficiency of financial resource utilization
Enhance the efficiency of financial resource utilization
What does international finance originate from?
International trade
Exports
Imports
Domestic trade
What does international finance develop based on?
Cooperation between countries in economic, cultural, political, social aspects and the trend of opening up, integration, and globalization
The movement of capital between countries in the world and the trend of opening up, integration, and globalization
The trend of opening up, integration, and globalization
Cooperation between countries in economic, cultural, political, social aspects; The trend of opening up, integration, and globalization and the movement of capital between countries
What is the international investment relationship of international finance?
Foreign direct investment
Foreign indirect investment
Foreign direct investment and foreign indirect investment
Domestic investment
What are the basic principles of international economic relations and international finance?
Voluntary, equality, respect for each other's territorial sovereignty
Equality, mutual benefit, respect for each other's territorial independence
Equality, respect for each other's territorial sovereignty, mutual benefit
Voluntary, equality, respect for each other's territorial independence, mutual benefit
What does international finance study?
Exchange rates
International investment
Exchange rates, international investment, international financial institutions
International financial institutions
What does the internationalization in international finance stem from?
Internationalization in International Finance originates from economic phenomena:
The development of multinational companies; The capital market is increasingly developed and expanded
Cooperation and deep integration in the field of economy, finance, and banking
The capital market is increasingly developed and expanded
The development of multinational companies; Cooperation and deep integration in the field of economy, finance, and banking; The capital market is increasingly developed and expanded
International non-refundable aid includes:
Bilateral aid, multilateral aid, non-governmental aid
Bilateral aid, multilateral aid
Non-governmental aid
Two-way aid between the donor country and the recipient country
Which of the following statements about the characteristics of international finance is false:
International financial activities are linked to the implementation of the economic and political goals of the state
International finance is not influenced by the economic and political factors of each country
The movement of financial resources is related to the establishment and use of foreign currency funds of many countries
International finance is a part of international economic relations
International financial activities are related to:
A distributing entity of a country
Many distributing entities in many countries
Many distributing entities in many stages of the global financial system
Many stages in the financial system
Thanks to international financial relations, countries can:
Exploit only one financial resource from abroad
Maximize their comparative advantage and exploit the comparative advantages of other countries
Limit foreign investment activities
Limit foreign borrowing
Which function reflects money's role as an intermediary in international transactions?
Payment medium function
World currency function
Circulation medium function
Stored value function
The relationships ... reflect the internal and external policies of the state.
Finance
International trade
International finance
International credit
International finance is a field that includes:
Micro international finance and macro international finance
Macro international finance
Micro international finance
International trade
International finance is a field of activity:
Between 2 countries
Involving many countries
Arising within the national scope
Large and related to many countries
The characteristics of the risks of international finance are reflected in:
Exchange rate risk, liquidity risk
Exchange rate risk, political risk, global economic environment risk
Global economic environment risk, credit risk
Political risk, credit risk
International finance is influenced by:
Many political factors
Many legal systems
Domestic legal system
Many political factors and legal systems
International finance is formed based on:
International relationships
Globalization and regionalization trends
International relationships and the world currency function of money
The world currency function of money
Which statement is accurate?
Domestic financial activities occur on a broader scale than international finance
Entities participating in international financial activities do not participate in domestic activities
Which of the following statements is accurate?
Domestic financial activities occur on a broader scale than international finance.
Entities participating in international finance do not engage in domestic financial activities.
Entities participating in international finance face more risks than those participating in domestic finance.
International finance undermines domestic financial activities.
Which international financial activity is associated with the movement of investment capital from one country to another?
International investment
Basic construction investment
Domestic securities trading
Electronic payment
Developing countries often perceive international finance as the financial activities of:
Multinational corporations
Entities of the country with the rest of the world
International organizations
Multinational corporations, entities of the country with the rest of the world, and international organizations
The activity of borrowing and lending between entities from different countries is known as:
International securities
Direct investment
International credit
Indirect investment
International resources are understood as:
Financial resources
Technology, techniques
Labor
Financial resources, technology, techniques, labor
The first international financial activity associated with the exchange of goods between countries is:
International credit
International payment
International investment
International tourism
Which of the following does NOT give rise to international finance?
Self-sufficient production
International financing
International investment
International trade
International finance studies:
Exchange rates
International investment
Exchange rates, international investment, international financial institutions
International financial institutions
During the gold standard period:
What is the exchange rate?
Exchange rate
International investment
Exchange rate, international investment, international financial institutions
International financial institutions
During the gold standard period:
The fixed exchange rate system is determined based on the 'gold parity'
Trade between countries is encouraged
The central bank can completely determine the money supply
The fixed exchange rate system is determined based on the 'gold parity' and trade between countries is encouraged
What is the SDR currency?
National currency
International currency
World currency
Weak currency
In the Bimetallism system (before 1875), the phenomenon appeared:
Good money will drive bad money out of circulation
Bad money will drive good money out of circulation
Gold money will drive silver money out of circulation
Silver money will drive paper money out of circulation
IMF is a financial organization:
Regional multilateral
Of a country
Global multilateral
Of Asia
The summary table of all economic transactions between residents and non-residents is called:
Trade balance
International payment balance
Service balance
Capital balance
The capital balance is denoted as:
K
CA
OB
OFB
The report reflecting the total value of transactions on goods trade, services, income, and one-way current transfer is called:
Trade balance
Capital balance
Current balance
Overall balance
Import and export activities are reflected in:
Trade balance
Income balance
One-way current transfer
Service balance
Reflected in the international payment balance are monetary transactions between:
Residents with each other
Residents and non-residents
Non-residents with each other
Unknown residents
Reflecting on the international balance of payments are currency transactions between:
Residents with each other
Residents and non-residents
Non-residents with each other
Foreigners living in the host country
The US embassy in Vietnam is:
A resident of the US
A resident of Vietnam
Both a resident of the US and a resident of Vietnam
Not a resident of any country
A Vietnamese student studying abroad for 3 years in the US is:
A resident of the US
A resident of Vietnam
Both a resident of the US and a resident of Vietnam
Not a resident of any country
The value of imported goods is reflected in:
Trade balance
Service balance
Income balance
One-way current transfer balance
The current account and capital account are the most focused parts of:
Balance of payments
Service balance
Trade balance
Trade balance
A trade deficit occurs when:
Exports are greater than imports
Exports are less than imports
Trade balance
Exports and imports are balanced
Gifts or aid from the government and private individuals are reflected in:
Service balance
Balance of payments
Current account
Payment account
Vietnamese tourists spending in Singapore will:
Reduce Vietnam's current account balance
Increase Vietnam's current account balance
Not change Vietnam's current account balance
Reduce Singapore's current account balance
The pegged exchange rate is another name for:
Fixed exchange rate
Adjustable exchange rate
Exchange rate
Non-fixed exchange rate
Factors that increase demand for foreign currency in the foreign exchange market are:
What are the factors that increase the demand for foreign currency in the foreign exchange market?
Increase import turnover
Increase export turnover
Increase foreign borrowing
Decrease foreign investment
What currency is used in a fixed exchange rate regime?
Freely convertible currency
Floating currency
Fixed currency
Non-fixed currency
What is understood by the exchange rate?
The currency unit of this country expresses the amount of another currency
Expresses the comparative relationship between the total amount of 2 currencies of 2 countries with each other
Expresses the comparative relationship in the market between the economic strength of 2 countries with each other
The price of 1 unit of currency of this country expresses the amount of units of currency of another country
What are the factors that increase the supply of foreign currency in the foreign exchange market?
Increase export turnover
Increase import turnover
Decrease import turnover
Decrease foreign borrowing
When a country raises the value of its currency, what effect will it have?
Encourage exports
Encourage imports
Encourage tourism into the country
Encourage capital inflow
What is a regulated floating exchange rate regime?
An exchange rate regime that lies between two regimes of floating and fixed
An exchange rate regime that lies between two regimes of floating and non-fixed
An exchange rate regime that lies between two regimes of floating and regulated
An exchange rate regime that lies between two regimes of floating and unregulated
What is the quoted currency?
The currency that expresses its value through another currency
The currency used to determine the value of another currency.
The domestic currency of the quoted country
The foreign currency used to determine the value of the domestic currency of the quoted country
What is the quoted currency?
It is the currency used to determine the value of another currency.
It is the domestic currency of the quoted country.
It is the foreign currency used to determine the value of the domestic currency of the quoted country.
What is the quoted currency?
The currency taken as a standard with a unit of measure as a whole unit.
Standing in the position of currency.
Representing the price of the standard currency.
The currency taken as a standard with a unit of measure as a positive unit.
What is direct exchange rate quotation?
Taking the domestic currency as the quoted currency.
Fixing USD as the quoted currency.
Taking foreign currency as the quoted currency and domestic currency as the base currency.
Taking foreign currency as the base currency.
Which currency's exchange rate policy is currently the most important in Vietnam?
USD
EUR
GBP
JPY
What is the purpose of the central bank participating in the foreign exchange market?
To conduct profitable business.
To provide international payment services.
To regulate the market.
To fulfill trade commitments.
Who are the participants in FX?
Countries.
International financial organizations, commercial banks.
Central banks, commercial banks.
Credit institutions, investors, economic organizations, central banks.
Where are spot and forward transactions conducted?
Spot market.
Centralized market.
Forward market.
Decentralized market.
What does the indirect exchange rate quotation indicate?
How many units of currency you need to exchange for 1 USD.
The value of one unit of foreign currency in USD.
How many units of foreign currency are needed to obtain 1 unit of domestic currency.
How many units of domestic currency you need to exchange for 1 unit of foreign currency.
What are the characteristics of the futures trading market?
Exchange rates are formed according to the market.
Exchange rates are managed by the government.
Exchange rates are managed by the central bank.
It takes place at the foreign exchange trading floor, and futures contracts are calculated daily based on market prices.
What is formed according to the market?
Exchange rate according to government management
Exchange rate according to central bank management
Takes place at the foreign exchange trading floor, futures contracts are calculated daily at market prices (marking to market)
What is the execution period of a forward contract?
90 days
60 days
1 year
Any day depending on the agreement of the parties involved in the contract
What is the center of FX?
Interbank
Bank - Customer
Non - interbank
Customer - Customer
The foreign exchange market is where?
Buying and selling shares and bonds denominated in foreign currency
Trading instruments denominated in foreign currency
Trading precious metals
Buying and selling currencies of different countries
What is a characteristic of the foreign exchange market?
Foreign currency trading takes place 24/7
Regional nature
Activities within the national scope
Buying and selling gold at international standards
What is a Swap transaction?
Buying a certain currency
Selling a certain currency
Simultaneously buying and selling a certain currency with the same amount of currency where the buying and selling value dates are different
Simultaneously buying and selling a certain currency where the buying and selling value dates are the same
The buyer of a currency option has the right to?
Sell a call option
Sell a put option
Have the right but not the obligation to sell a certain currency
Buy the right to sell a certain currency
What is a call option?
The buyer of a call option has the right but not the obligation to buy a certain amount of foreign currency at a specified price and time
Buy a certain amount of foreign currency at a specified price and time
Buy a certain amount of foreign currency but must fulfill the obligation
A company imports and exports to commercial bank A to buy 3 million USD and completes the payment after 3 months, the exchange rate is determined as 1USD = 24,200 VND. What is this an example of?
Forward transaction
Future transaction
Spot transaction
Option transaction
What is a put option?
The buyer of the contract has the right to sell a certain amount of foreign currency
The buyer of the contract has the right to buy back a certain amount of foreign currency
The buyer of the put option has the right but not the obligation to sell a certain amount of foreign currency at the agreed price on the delivery date
The buyer of the contract has the obligation to sell a certain amount of foreign currency
A company imports and exports signs a contract to buy 5 million USD with the bank and completes payment after 2 working days. What is this an example of?
Spot transaction
Future transaction
Forward transaction
Option transaction
Which contract is a financial instrument that gives its owner the right to buy or sell but is not obligated to execute a certain amount of currency at a specified exchange rate at or until a certain point in the future?
Swap contract
Future contract
Option contract
Spot contract
The operations of the foreign exchange market include:
Buying and selling USD
Medium-term currency transactions
Long-term currency transactions
Buying and selling spot, future currency transactions, forward transactions, swap operations, option operations
A company imports and exports signs a contract consisting of two parts: buying 8 million USD today and selling 8 million USD after 3 months. This is an example of:
Foreign exchange swap
Futures trading
Forward trading
Options trading
Which of the following entities is NOT allowed to trade on the foreign exchange market?
Commercial banks
Organizations
Individuals
Foreign exchange brokers
On FX, on day N, the opening exchange rate is 1 EUR = 1.3423 USD and the closing exchange rate is 1 EUR = 1.3434 USD. Thus, compared to USD, the EUR has:
Appreciated by 11 points
Depreciated by 8 points
Depreciated by 11 points
Appreciated by 9 points
Which exchange rate will be applied for immediate foreign exchange transactions?
Forward rate
Spot rate
Exercise price of the option contract
Future rate
A currency option contract between a bank and a customer. The customer must pay an option fee for:
The broker regardless of whether the contract is executed or not
The bank providing the contract when the customer executes the contract
The broker when the customer executes the contract
The bank regardless of whether the customer executes the contract or not
The spot transaction is also called:
Secondary transaction
Derivative transaction
Primary transaction
Incidental transaction
A futures transaction is a:
Agreement to buy and sell currency in the future
Executed in the OTC free market
Agreement to buy and sell commodities on OTC
Agreement to buy and sell a certain amount of foreign currency at a fixed exchange rate at a fixed time determined by the trading center
The foreign exchange market is:
Where the buying and selling of different currencies takes place
Where the buying and selling of stocks takes place
What is the foreign exchange market?
A place where different currencies are bought and sold
A place where stocks are bought and sold, including common and preferred stocks
A place where bonds that have been issued are bought and sold
A place where financial documents such as stock options, warrants, and options contracts are traded
What is the spot market?
Conducted on the foreign exchange exchange
Open according to business hours (8 hours/day)
The financial market of European countries
Transactions where both parties buy and sell a certain amount of foreign currency at the spot exchange rate at the time of the transaction and settle within two (2) working days
Which of the following is NOT a function of the foreign exchange market?
Serving international trade
Buying and selling securities that do not have foreign currency values
Serving the international capital flow
Forming the exchange rate
What are the objects traded in the foreign exchange market?
Buying and selling different currencies
Buying and selling international standard gold
Buying and selling checks
Buying and selling different currencies and buying and selling international standard gold
What does the derivative transaction include?
Forward and futures transactions
Swaps and options
Forward, futures, swaps, and options
Forward, futures, and options
Which of the following is NOT a factor affecting the exchange rate?
Inflation rate differences between countries
Interest rate differences between countries
International balance of payments status
Population differences between countries
In a country, if exports increase faster than imports, the exchange rate (direct quote) will:
Increase
Decrease
Neither increase nor decrease
Be zero
What is currency devaluation?
In a country, if exports increase faster than imports, what will the exchange rate (direct quote) be?
Increase
Decrease
Neither increase nor decrease
Zero
Devaluation of currency is:
The reduction of the purchasing power of a country's currency compared to foreign currency
That is, lowering the exchange rate of one unit of foreign currency
The increase of the purchasing power of a country's currency compared to foreign currency.
The exchange rate of the unit of foreign currency does not change
The characteristic of a regulated floating exchange rate system is:
The domestic market is unified at one exchange rate
There are many different exchange rates in different market segments
The exchange rate fluctuates entirely depending on the supply and demand for foreign currency
The exchange rate is determined by the state or the central bank
If a foreigner buys US government bonds
Supply of USD increases
Government deficit decreases
Demand for USD increases
The money supply of the US remains unchanged
In a country, if imports increase faster than exports, what will the exchange rate (direct quote) be?
Increase
Decrease
Not increase
Zero
The value of the domestic currency increases when:
Exports increase
FDI inflows decrease
Exports increase and FDI inflows increase
FDI inflows increase
When the foreign exchange market of a country applies direct quotation, if the exchange rate decreases, how will it affect the import and export situation of that country?
Restrict exports and stimulate imports
Stimulate exports and restrict imports
Restrict imports and exports
Stimulate imports and exports
What is it like?
Limit exports and stimulate imports
Stimulate exports and limit imports
Limit both exports and imports
Stimulate both exports and imports
The floating exchange rate regime with regulation is:
An exchange rate regime that lies between floating and fixed
An exchange rate regime that lies between floating and non-fixed
An exchange rate regime that lies between floating and regulated
An exchange rate regime that lies between floating and unregulated
The exchange rate fluctuates when there is a change in:
The inflation differential between currencies
The method of quoting the exchange rate
The method of determining the exchange rate
The position of the quoted currency
The characteristic of the floating exchange rate regime with regulation is:
The domestic market is unified at one exchange rate
There are multiple exchange rates in different market segments
The exchange rate fluctuates entirely based on supply and demand for foreign currency
The exchange rate is determined by the state or central bank
If the direct exchange rate increases, then:
Foreign currency depreciates
Domestic currency depreciates
Foreign currency appreciates
Domestic currency depreciates and foreign currency appreciates
Which of the following issues are assumptions of the law of one price?
Imperfect competition
Quota
Transportation and insurance costs
Perfect competition, ignoring trade barriers and transportation and insurance costs
If a country's currency appreciates against other currencies, then:
The price of exported goods from this country will become more expensive for importing countries if other factors remain constant
Inflation in that country may increase
No change in export and import prices
The price of exported goods from this country will become cheaper for importing countries if other factors remain constant
According to the theory of purchasing power parity
According to the theory of purchasing power parity, if the market is perfect, the prices of identical goods must be equal when expressed in a common currency.
If the market is perfect, the prices of identical goods must be equal when expressed in a common currency.
Explain how exchange rates change when there is a change in interest rates between countries.
Explain how exchange rates change when there is a change in the current account between countries.
Explain how exchange rates change when there is a change in the capital account between countries.
Which of the following characteristics is a disadvantage of the absolute purchasing power parity theory?
Comparing the prices of a basket of goods in local currency and the prices of the same goods in foreign currency.
Respecting the assumption of the law of one price.
The weight of goods in the basket.
Differences in the level of education.
If inflation in the US is higher than inflation in the UK by 2%, then
The USD will definitely depreciate by about 2% against GBP.
The USD needs to depreciate by about 2% against GBP.
The USD needs to appreciate by about 2% against GBP.
The exchange rate remains unchanged.
The significance of the relative purchasing power parity theory is:
Evaluating production costs and labor productivity between countries.
Predicting future exchange rate changes.
The cause of exchange rate changes.
Predicting exchange rate changes and being the cause of exchange rate changes.
Which of the following issues is not a reason for the exchange rate to differ from PPP?
Statistics of 'identical' goods.
Transportation costs.
Labor productivity.
No substitute goods for import.
The relative purchasing power parity theory states that:
Any currency with a high inflation rate tends to depreciate.
Any currency with a higher inflation rate will have a higher interest rate.
The theory of relative purchasing power parity states that:
A currency with a high inflation rate will tend to depreciate
A currency with a higher inflation rate will have a higher interest rate
The exchange rate difference reflects the inflation difference
Interest rates are always higher than the inflation rate
Assuming the law of one price is violated. In a fixed exchange rate regime, the equilibrium state of the law of one price will be established because:
The government reserves foreign currency to intervene in the market
The central budget uses market tools
The government will apply a high income tax rate
Goods are moved from places with low prices to places with high prices. Thus, the prices of goods will be equal in the markets
The law of one price states that the prices of goods in the world will …… if measured in a common currency:
Be equal
Be approximately equal
Differ
Create arbitrage opportunities
The spot exchange rate GBP/USD = 1.89. The 6-month forward rate F1/2(GBP/USD) = 1.91. What does the difference between the forward rate and the spot rate imply? (assuming CIP exists)
GBP interest rate is higher than USD interest rate
GBP depreciates against USD
The inflation rate of GBP decreases
GBP is expected to appreciate against USD
If the direct exchange rate increases:
Foreign currency depreciates
Domestic currency depreciates
Foreign currency appreciates
Domestic currency depreciates and foreign currency appreciates
If the price level in the United States decreases relatively compared to Vietnam (lower inflation rate) with the condition that other factors remain unchanged, then:
USD depreciates against VND
USD appreciates against VND
USD remains the same against VND
VND appreciates against USD
Exchange rates fluctuate when there is a change in:
The inflation rate difference between currencies
The method of quoting exchange rates
The method of determining exchange rates
The position of the currency
What causes exchange rates to fluctuate?
Inflation differentials between currencies
Exchange rate quotation methods
Methods of determining exchange rates
The position of the quoted currency
What will happen if the FED increases the supply of USD?
USD will appreciate as it stimulates US economic growth
USD will appreciate by increasing US interest rates
USD will depreciate and inflation will rise in the short term
USD will depreciate as it pressures other countries to raise interest rates
How will the value of VND change if commodity prices increase equally in the US and Vietnam?
The value of VND remains unchanged
VND appreciates
VND depreciates
There is no basis for making a statement
If American investors demand a real return of 6% and expected inflation in the US is 4%, what is the nominal interest rate of USD?
7%
8%
9%
10%
What is the English abbreviation for the interest rate parity theory in the case of exchange rate risk insurance?
IRP
CIP
UIP
PPP
If the 6-month forward rate of AUD/VND is 2% and the interest rate of VND is 7%, what must the corresponding AUD interest rate be according to the CIP rule?
2.80%
2.85%
2.94%
2.99%
What assumptions are made to form the interest rate parity theory?
No transaction costs and capital flow barriers
No transaction costs and capital flow barriers; No risk;
No transaction costs and capital flow barriers; No risk; Securities of quality n
