国际金融Chapter 4 ppt课件.ppt

Chapter4*ppt课件Answer:C($–$)/$=%1. ThevalueoftheAustraliandollar(A$)todayis$,thevalueoftheAustraliandollarwas$%.A) depreciated;) depreciated;) appreciated;) appreciated;*ppt课件Answer:C2. Ifacurrency’sspotratemarketis_______,) liquid;highlysensitiveB) illiquid;insensitiveC) illiquid;highlysensitiveD) noneofthese*ppt课件Answer:E3. )RelativeinflationratesB)RelativeinterestratesC)elevelsD)ExpectationsE)Allofthesearefactorsthatcausecurrencysupplyanddemandschedulestochange.*ppt课件Answer:B4. (assumingnochangeininterestratesorotherfactors)a(n),andtheMexicanpesoshould_______. A) increase;appreciate B) increase;depreciate C) decrease;depreciate D) decrease;appreciate*ppt课件Answer:A5. ) reduce;increaseB) increase;reduceC) reduce;reduceD) increase;increase*ppt课件Answer:E6. BaylorBankbelievestheNewZealanddollarwillappreciateoverthenextfivedaysfrom$.48to$.:Currency Lending Rate Borrowing RateDollars %%NewZealanddollar(NZ$)% % BaylorBankhasthecapacitytoborroweitherNZ$10millionor$’sforecastifcorrect,whatwillitsdollarprofitbefromspeculationoverthefivedayperiod(assumingitdoesnotuseanyofitsexistingconsumerdepositstocapitalizeonitsexpectations)?Dailyinterestrateis1/360oftheannualrate. A) $521,325. B) $500,520. C) $104,262. D) $413,419. E) $208,044.*ppt课件1. Borrow$. ConverttoNZ$:$5,000,000/$.48=NZ$10,416,. InvesttheNZ$%overfivedays. NZ$10,416,667×[1+%(5/360)] =NZ$10,426,5054. ConverttheNZ$backtodollars: NZ$10,426,