1、What is not included in foreign exchange according to the Foreign Exchange Control Regulations of the People’s Republic of China (Amended in 2008)?
A、Foreign currency securities.
B、Special drawing rights.
C、Bitcoins.
D、Foreign currency.
2、An asset’s __________ describes the asset’s ability to sell quickly without having to reduce its price to a significant degree.
A、management
B、liquidity
C、portfolio
D、value
3、In foreign exchange market, with a 100 to 1 leverage, an investor who has a $5,000 forex market account, can trade __________ worth of currency.
A、$500,000
B、$50,000
C、$200,000
D、$100,000
4、How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange rate is 1.50 dollars per British pound?
A、30 British pounds
B、20 British pounds
C、50 British pounds
D、10 British pounds
5、When Chinese yuan appreciates, China’s ___________.
A、both imports and exports rise
B、imports rise and exports fall
C、both imports and exports fall
D、imports fall and exports rise
6、In a direct quotation, if the foreign currency is appreciating, the exchange rate __________.
A、remains unchanged
B、increases
C、fluctuates
D、decreases
7、For an indirect quote, a lower exchange rate indicates that the domestic currency is __________.
A、appreciating
B、depreciating
C、remains unchanged
D、stronger
8、The __________ price refers to how much the market will sell one unit of the base currency for the quoted currency.
A、ask
B、quoted
C、selling
D、bid
9、A __________ transaction in the foreign exchange market requires an almost immediate delivery of foreign exchange.
A、spot
B、forward
C、futures
D、None of the above
10、In order to prevent home currency from appreciating, a central bank need _________.
A、sell domestic currency
B、issue more money
C、purchase domestic currency
D、purchase foreign currency
11、Japanese yen is not a SDR currency.
A、对
B、错
12、People are only able to exchange currencies in foreign exchange market.
A、对
B、错
13、Foreign exchange market is open 24 hours a day, 5 days a week.
A、错
B、对
14、There is a unified and central location for currency trading.
A、错
B、对
15、For a Chinese investor, a declining RMB value could hurt the value of his foreign investments.
A、错
B、对
16、Currency quotations involving the Japanese yen are quoted to four places after the decimal.
A、对
B、错
17、If a person buys or sells a currency pair, he buys or sells the base currency.
A、对
B、错
18、For banks, bid price is higher than ask price.
A、错
B、对
19、Under a floating exchange rate, the government or central bank ties the official exchange rate to another country’s currency or to the price of gold.
A、对
B、错
20、A fixed rate system may limit a central bank’s ability to adjust interest rates as needed for economic growth.
A、错
B、对
