11. If a nation's interest rates are relatively low compared to those of other countries, then the exchange value of its currency will tend to ______ under a system of exchange rates.
A. appreciate... floating
B. depreciate...floating
C. appreciate... fixed
D. depreciate... fixed

12. Which of the following is true of a company's balance sheet? ______.
A. It displays sources and uses of cash for the period
B. It is unnecessary if both an income statement and a statement of cash flows are available
C. It is a separate representation of the company's revenue and expense transactions for the year
D. It is an expansion of the basic accounting equation of Assets=Liabilities+Owner's Equity

13. When Americans or foreigners expect the return on dollar deposits to be high relative to the return on foreign deposits, there is a ______ demand for dollar deposits and a correspondingly ______ demand for foreign deposits.
A. higher... higher
B. lower... higher
C. higher... lower
D. lower...lower

14. Velocity is the ______.
A. inverse of GNP
B. speed at which checking accounts are converted into cash
C. relationship between the price level and the money supply
D. rate at which money turns over

15. Assume that of your $10 000 portfolio, you invest $9 000 in Stock X and $1 000 in Stock Y. What is the expected return on your portfolio? ______.
A. 18%
B. 20%
C. 19%
D. 3%

16. Which of the following would you expect to find in a correctly prepared income statement? .
A. Cash balance at the end of the period
B. Expenses incurred during the period to earn revenues
C. Contributions by the owner during the period
D. The reported company's financial position at a specific date

17. The concept of beta is most closely associated with ______.
A. correlation coefficient
B. the capital asset pricing model
C. nonsystematic risk
D. mean-variance analysis

18. The velocity of money for a given year can be calculated by ______.
A. dividing GNP by the money supply
B. dividing aggregate supply by aggregate demand
C. dividing the price level by the money supply
D. multiplying the price level by total output

19. The theory of purchasing power parity states that exchange rates between any two currencies will adjust to reflect changes in ______.
A. the price levels of the two countries
B. the current account balances of the two countries
C. the fiscal policies of the two countries
D. the trade balances of the two countries

20. Before issuing a credit, it is important for the issuing bank ______.
A. to make certain of the importer's creditworthiness
B. to go through the contract terms
C. to have a thorough understanding of the exporter
D. all of the above

答案：
1.A 2.D 3.C 4.B 5.B 6.B 7.C 8.A 9.D 10.D
11.B 12.D 13.C 14.D 15.C 16.B 17.B 18.A 19.A 20.A