对外经济贸易大学国际商学院 国际财务管理 平时测验 TEST 2 1.The Economist publishes annually the "hamburger standard"by which they compare the prices of the McDonalds Corporation Big Mac hamburger around the world.The index estimates the exchange rates for currencies based on the assumption that the burgers in question are the same across the world and therefore,the price should be the same.If a Big Mac costs $2.54 in the United States and 294 yen in Japan,what is the estimated exchange rate of yen per dollar as hypothesized by the Hamburger index? a.$.0086/Y b.￥124/$ c.$.0081/Y d.￥115.75/$ 2.If according to the law of one price the current exchange rate of dollars per British pound is $1.43/f,then at an exchange rate of $1.28/f,the dollar is a.overvalued b undervalued C. correctly valued d.unknown relative valuation 3.If we set the real effective exchange rate index between Canada and the United States equal to 100 in 1998,and find that the U.S.dollar has risen to a value of 112.6,then from a competitive perspective the U.S.dollar is a.overvalued. b. undervalued C. very competitive. d There is not enough information to answer this question. 4.The relationship between the percentage change in the spot exchange rate over time and the differential between comparable interest rates in different national capital markets is known as a. absolute PPP b. the law of one price C. relative PPP d.the international Fisher Effect 5 Which of the following is NOT a forecasting technique suggested? a.asset market approach b.parity conditions c.globalization process d.balance of payments approach 6.The provides a means to account for international cash flows in a standardized and systematic manner. a.parity conditions b.asset approach c.balance of payments d.international Fisher effect 7.Which of the following was not an international currency crisis in the 1990s? a.The Asian Crisis b.The Russian Crisis c.The Brazilian Crisis d.All of the above were currency crises in the 1990s. -1-对外经济贸易大学国际商学院 国际财务管理 平时测验 TEST 2 1. The Economist publishes annually the “hamburger standard” by which they compare the prices of the McDonalds Corporation Big Mac hamburger around the world. The index estimates the exchange rates for currencies based on the assumption that the burgers in question are the same across the world and therefore, the price should be the same. If a Big Mac costs $2.54 in the United States and 294 yen in Japan, what is the estimated exchange rate of yen per dollar as hypothesized by the Hamburger index? a. $.0086/¥ b. ¥124/$ c. $.0081/¥ d. ¥115.75/$ 2. If according to the law of one price the current exchange rate of dollars per British pound is $1.43/£, then at an exchange rate of $1.28/£, the dollar is ________. a. overvalued b. undervalued c. correctly valued d. unknown relative valuation 3. If we set the real effective exchange rate index between Canada and the United States equal to 100 in 1998, and find that the U.S. dollar has risen to a value of 112.6, then from a competitive perspective the U.S. dollar is a. overvalued. b. undervalued. c. very competitive. d. There is not enough information to answer this question. 4. The relationship between the percentage change in the spot exchange rate over time and the differential between comparable interest rates in different national capital markets is known as ___________________. a. absolute PPP b. the law of one price c. relative PPP d. the international Fisher Effect 5 Which of the following is NOT a forecasting technique suggested? a. asset market approach b. parity conditions c. globalization process d. balance of payments approach 6. The ____________ provides a means to account for international cash flows in a standardized and systematic manner. a.parity conditions b.asset approach c.balance of payments d.international Fisher effect 7. Which of the following was not an international currency crisis in the 1990s? a. The Asian Crisis b. The Russian Crisis c. The Brazilian Crisis d. All of the above were currency crises in the 1990s. - 1 -