国际金融FinanceTestBank9资料.docx
- 文档编号:1603508
- 上传时间:2022-10-23
- 格式:DOCX
- 页数:30
- 大小:27.73KB
国际金融FinanceTestBank9资料.docx
《国际金融FinanceTestBank9资料.docx》由会员分享,可在线阅读,更多相关《国际金融FinanceTestBank9资料.docx(30页珍藏版)》请在冰豆网上搜索。
国际金融FinanceTestBank9资料
Chapter9—ForecastingExchangeRates
1.Whichofthefollowingforecastingtechniqueswouldbestrepresenttheuseoftoday'sforwardexchangeratetoforecastthefutureexchangerate?
a.
fundamentalforecasting.
b.
market-basedforecasting.
c.
technicalforecasting.
d.
mixedforecasting.
ANS:
BPTS:
1
2.Whichofthefollowingforecastingtechniqueswouldbestrepresentsoleuseoftoday'sspotexchangerateoftheeurotoforecasttheeuro'sfutureexchangerate?
a.
fundamentalforecasting.
b.
market-basedforecasting.
c.
technicalforecasting.
d.
mixedforecasting.
ANS:
BPTS:
1
3.Whichofthefollowingforecastingtechniqueswouldbestrepresenttheuseofrelationshipsbetweeneconomicfactorsandexchangeratemovementstoforecastthefutureexchangerate?
a.
fundamentalforecasting.
b.
market-basedforecasting.
c.
technicalforecasting.
d.
mixedforecasting.
ANS:
APTS:
1
4.Whichofthefollowingforecastingtechniqueswouldbestrepresentthesoleuseofthepatternofhistoricalcurrencyvaluesoftheeurotopredicttheeuro'sfuturecurrencyvalue?
a.
fundamentalforecasting.
b.
market-basedforecasting.
c.
technicalforecasting.
d.
mixedforecasting.
ANS:
CPTS:
1
5.Ifaparticularcurrencyisconsistentlydecliningsubstantiallyovertime,thenamarket-basedforecastwillusuallyhave:
a.
underestimatedthefutureexchangeratesovertime.
b.
overestimatedthefutureexchangeratesovertime.
c.
forecastedfutureexchangeratesaccurately.
d.
forecastedfutureexchangeratesinaccuratelybutwithoutanybiastowardconsistentunderestimatingoroverestimating.
ANS:
BPTS:
1
6.Accordingtothetext,theanalysisofcurrenciesforecastedwithuseoftheforwardratesuggeststhat:
a.
currenciesexhibitedaboutthesamemeanforecasterrorsasapercentoftherealizedvalue.
b.
theCanadiandollarcanbeforecastedbyU.S.firmswithgreateraccuracythanothercurrencies.
c.
theSwissfranccanbeforecastedbyU.S.firmswithgreateraccuracythanothercurrencies.
d.
noneoftheabove
ANS:
BPTS:
1
7.Assumethefollowinginformation:
PredictedValueof
RealizedValueof
Period
NewZealandDollar
NewZealandDollar
1
$.52
$.50
2
.54
.60
3
.44
.40
4
.51
.50
Giventhisinformation,themeanabsoluteforecasterrorasapercentageoftherealizedvalueisabout:
a.
1.5%.
b.
26%.
c.
6%.
d.
6.5%.
e.
noneoftheabove
ANS:
D
SOLUTION:
[|$.52-$.50|/$.50+|$.54-$.60|/$.60+|$.44-$.40|/$.40+|$.51-$.50|/$.50)]/4
=[.04+.10+.10+.02]/4
=.065=6.50%
PTS:
1
8.Ifitwasdeterminedthatthemovementofexchangerateswasnotrelatedtopreviousexchangeratevalues,thisimpliesthata____isnotvaluableforspeculatingonexpectedexchangeratemovements.
a.
technicalforecasttechnique
b.
fundamentalforecasttechnique
c.
alloftheabove
d.
noneoftheabove
ANS:
APTS:
1
9.Whichofthefollowingistrue?
a.
Forecasterrorscannotbenegative.
b.
Forecasterrorsarenegativewhentheforecastedrateexceedstherealizedrate.
c.
Absoluteforecasterrorsarenegativewhentheforecastedrateexceedstherealizedrate.
d.
Noneoftheabove.
ANS:
DPTS:
1
10.Whichofthefollowingistrueaccordingtothetext?
a.
Forecastsinrecentyearshavebeenveryaccurate.
b.
Useoftheabsoluteforecasterrorasapercentoftherealizedvalueisagoodmeasuretouseindetectingaforecastbias.
c.
Forecastingerrorsaresmallerwhenfocusedonlongertermperiods.
d.
Noneoftheabove.
ANS:
DPTS:
1
11.Afundamentalforecastthatusesmultiplevaluesoftheinfluentialfactorsisanexampleof:
a.
sensitivityanalysis.
b.
discriminantanalysis.
c.
technicalanalysis.
d.
factoranalysis.
ANS:
APTS:
1
12.Whenthevaluefromthepriorperiodofaninfluentialfactoraffectstheforecastinthefutureperiod,thisisanexampleofa(n):
a.
laggedinput.
b.
instantaneousinput.
c.
simultaneousinput.
d.
BandC
ANS:
APTS:
1
13.Assumeaforecastingmodelusesinflationdifferentialsandinterestratedifferentialstoforecasttheexchangerate.Assumetheregressioncoefficientoftheinterestratedifferentialvariableis-.5,andthecoefficientoftheinflationdifferentialvariableis.4.Whichofthefollowingistrue?
a.
Theinterestratevariableisinverselyrelatedtotheexchangerate,andtheinflationvariableisdirectly(positively)relatedtotheinterestratevariable.
b.
Theinterestratevariableisinverselyrelatedtotheexchangerate,andtheinflationvariableisdirectlyrelatedtotheexchangerate.
c.
Theinterestratevariableisdirectlyrelatedtotheexchangerate,andtheinflationvariableisdirectlyrelatedtotheexchangerate.
d.
Theinterestratevariable
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 国际金融 FinanceTestBank9 资料