Escrito por estudiantes que aprobaron Inmediatamente disponible después del pago Leer en línea o como PDF ¿Documento equivocado? Cámbialo gratis 4,6 TrustPilot
logo-home
Document preview thumbnail
Vista previa 4 fuera de 49 páginas
Examen

International Financial Management 27th Edition by Cheol S. Eun, Bruce G. Resnick Solutions Manual.pdf

Document preview thumbnail
Vista previa 4 fuera de 49 páginas

International Financial Management 27th Edition by Cheol S. Eun, Bruce G. Resnick Solutions M

Vista previa del contenido

DOWNLOAD THE Test Bank for International Financial Management 8th Editi
m m m m m m m m m

on Eun m




InternationalmFinancialmManagement,m8em(Eun
)mChapterm2 InternationalmMonetarymSystem

1) Theminternationalmmonetarymsystemmcanmbemdefinedmasmtheminstitutionalmframeworkmwithinmwhich
A) internationalmpaymentsmaremmade.
B) movementmofmcapitalmismaccommodated.
C) exchangemratesmamongmcurrenciesmaremdetermined.
D) allmofmthemoptions

2) Corporationsmtodaymaremoperatingminmanmenvironmentminmwhichmexchangemratemchangesmmay
madverselymaffectmtheirmcompetitivempositionsminmthemmarketplace.mThismsituation,minmturn,mmake

smitmnecessarymformmanymfirmsmto
A) carefullymmanagemtheirmexchangemriskmexposure.
B) carefullymmeasuremtheirmexchangemriskmexposure.
C) carefullymmanagemandmmeasuremtheirmexchangemriskmexposure.
D) nonemofmthemoptions

3) Theminternationalmmonetarymsystemmwentmthroughmseveralmdistinctmstagesmofmevolution.mThe
semstagesmaremsummarized,minmalphabeticmorder,masmfollows:

(i) Bimetallism
(ii) BrettonmWoodsmsystem
(iii) Classicalmgoldmstandard
(iv) Flexiblemexchangemratemregime
(v) Interwarmperiod

Themchronologicalmordermthatmtheymactuallymoccurredmis:
A) (iii),m(i),m(iv),m(ii),mandm(v)
B) (i),m(iii),m(v),m(ii),mandm(iv)
C) (vi),m(i),m(iii),m(ii),mandm(v)
D) (v),m(ii),m(i),m(iii),mandm(iv)

4) InmthemUnitedmStates,mbimetallismmwasmadoptedmbymthemCoinagemActmofm1792mandmremainedmamle
galmstandardmuntilm1873,
A) whenmCongressmdroppedmthemsilvermdollarmfrommthemlistmofmcoinsmtombemminted.
B) whenmCongressmdroppedmthemtwenty-dollarmgoldmpiecemfrommthemlistmofmcoinsmtombemminted.
C) whenmgoldmfrommthemCaliforniamgoldmrushmdrovemsilvermoutmofmcirculation.
D) whenmgoldmfrommthemCaliforniamgoldmrushmdrovemgoldmoutmofmcirculation.




1
Copyrightm©m2018mMcGraw-
Hill
mynursytest.store

,DOWNLOAD THE Test Bank for International Financial Management 8th Editi
m m m m m m m m m

on Eun m




5) Themmonetarymsystemmofmbimetallismmismunstable.mDuemtomthemfluctuationmofmthemcommercialmval
uemofmthemmetals,
A) themmetalmwithmamcommercialmvaluemlowermthanmthemcurrencymvaluemtendsmtombemusedmasmmetalm
andmismwithdrawnmfrommcirculationmasmmoneym(Gresham'smLaw).
B) themmetalmwithmamcommercialmvaluemhighermthanmthemcurrencymvaluemtendsmtombemusedmasmmo
neym(Gresham'smLaw).
C) themmetalmwithmamcommercialmvaluemhighermthanmthemcurrencymvaluemtendsmtombemusedmasmmetalm
andmismwithdrawnmfrommcirculationmasmmoneym(Gresham'smLaw).
D) nonemofmthemoptions

6) Inmthem1850smthemFrenchmfrancmwasmvaluedmbymbothmgoldmandmsilver,mundermthemofficialmFrenchmr
atiomwhichmequatedmamgoldmfrancmtomamsilvermfrancm15½mtimesmasmheavy.mAtmthemsamemtime,mthemgo
ldmfrommnewlymdiscoveredmminesminmCaliforniampouredmintomthemmarket,mdepressingmthemvaluemofm
gold.mAsmamresult,
A) themfrancmeffectivelymbecamemamsilvermcurrency.
B) themfrancmeffectivelymbecamemamgoldmcurrency.
C) silvermbecamemovervaluedmundermthemFrenchmofficialmratio.
D) themfrancmeffectivelymbecamemamsilvermcurrencymandmsilvermbecamemovervaluedmundermthemFren
chmofficialmratio.

7) Gresham'smLawmstatesmthat
A) badmmoneymdrivesmgoodmmoneymoutmofmcirculation.
B) goodmmoneymdrivesmbadmmoneymoutmofmcirculation.
C) ifmamcountrymbasesmitsmcurrencymonmbothmgoldmandmsilver,matmanmofficialmexchangemrate,mitmwillmbem
themmoremvaluablemofmthemtwommetalsmthatmcirculate.
D) nonemofmthemoptions.

8) Supposemthatmthempoundmismpeggedmtomgoldmatm£20mpermouncemandmthemdollarmismpeggedmtomgoldmatm
$35mpermounce.mThismimpliesmanmexchangemratemofm$1.75mpermpound.mIfmthemcurrentmmarketmexchang
emratemis
$1.80mpermpound,mhowmwouldmyoumtakemadvantagemofmthismsituation?mHint:massumemthatmyoumhave
$350mavailablemforminvestment.
A) Startmwithm$350.mBuym10mouncesmofmgoldmwithmdollarsmatm$35mpermounce.mConvertmthemgoldmtom£
200matm£20mpermounce.mExchangemthem£200mformdollarsmatmthemcurrentmratemofm$1.80mpermpoundmtomg
etm$360.
B) Startmwithm$350.mExchangemthemdollarsmformpoundsmatmthemcurrentmratemofm$1.80mpermpound.mB
uymgoldmwithmpoundsmatm£20mpermounce.mConvertmthemgoldmtomdollarsmatm$35mpermounce.
C) bothmofmthemoptions
D) nonemofmthemoptions




2
Copyrightm©m2018mMcGraw-
Hill
mynursytest.store

,DOWNLOAD THE Test Bank for International Financial Management 8th Editi
m m m m m m m m m

on Eun m




9) Supposemthatmthempoundmismpeggedmtomgoldmatm£20mpermouncemandmthemdollarmismpeggedmtomgoldmatm
$35mpermounce.mThismimpliesmanmexchangemratemofm$1.75mpermpound.mIfmthemcurrentmmarketmexchang
emratemis
$1.60mpermpound,mhowmwouldmyoumtakemadvantagemofmthismsituation?mHint:massumemthatmyoumhave
$350mavailablemforminvestment.
A) Startmwithm$350.mBuym10mouncesmofmgoldmwithmdollarsmatm$35mpermounce.mConvertmthemgoldmtom£
200matm£20mpermounce.mExchangemthem£200mformdollarsmatmthemcurrentmratemofm$1.80mpermpoundmtomg
etm$360.
B) Startmwithm$350.mExchangemthemdollarsmformpoundsmatmthemcurrentmratemofm$1.60mpermpound.mB
uymgoldmwithmpoundsmatm£20mpermounce.mConvertmthemgoldmtomdollarsmatm$35mpermounce.
C) bothmofmthemoptions
D) nonemofmthemoptions

10) SupposemthatmthemUnitedmStatesmismonmambimetallicmstandardmatm$30mtomonemouncemofmgoldmand
m$2mformonemouncemofmsilver.m Ifmnewmsilvermminesmopenmandmfloodmthemmarketmwithmsilver,

A) onlymthemsilvermcurrencymwillmcirculate.
B) onlymthemgoldmcurrencymwillmcirculate.
C) nomchangemwillmtakemplacemsincemcitizensmcouldmexchangemtheirmgoldmcurrencymformsilvermcurren
cymatmanymtime.
D) nonemofmthemoptions.

11) Supposemthatmyourmcountrymofficiallymdefinesmgoldmasmtenmtimesmmoremvaluablemthanmsilverm(i.
e.,mthemcentralmbankmstandsmreadymtomredeemmthemcurrencyminmgoldmandmsilvermandmthemofficialmpric
emofmgoldmismtenmtimesmthemofficialmpricemofmsilver).mIfmthemmarketmpricemofmgoldmismonlymeightmtimesm
asmmuchmasmsilver,
A) themcentralmbankmcouldmgombrokemifmenoughmarbitrageursmattemptmtomtakemadvantagemofmthemprici
ngmdisparity.
B) themcentralmbankmwillmmakemmoneymsincemtheymaremoverpricingmgold.
C) themcentralmbankmcouldmgombrokemifmenoughmarbitrageursmattemptmtomtakemadvantagemofmthemprici
ngmdisparity,mbutmwillmmoremlikelymmakemmoneymsincemtheymaremoverpricingmgold
D) nonemofmthemoptions.

12) Priormtomthem1870s,mbothmgoldmandmsilvermweremusedmasminternationalmmeansmofmpaymentmandmt
hemexchangemratesmamongmcurrenciesmweremdeterminedmbymeithermtheirmgoldmormsilvermcontents.mSu
pposemthatmthemdollarmwasmpeggedmtomgoldmatm$30mpermounce,mthemFrenchmfrancmismpeggedmtomgoldmat
m90mfrancsmpermouncemandmtomsilvermatm9mfrancsmpermouncemofmsilver,mandmthemGermanmmarkmpegge

dmtomsilvermatm1mmarkmpermouncemofmsilver.mWhatmwouldmthemexchangemratembetweenmthemU.S.mdollar
mandmGermanmmarkmbemundermthismsystem?

A) 1mGermanmmarkm=m$2
B) 1mGermanmmarkm=m$0.50
C) 1mGermanmmarkm=m$3
D) 1mGermanmmarkm=m$1




3
Copyrightm©m2018mMcGraw-
Hill
mynursytest.store

, DOWNLOAD THE Test Bank for International Financial Management 8th Editi
m m m m m m m m m

on Eun m




13) Priormtomthem1870s,mbothmgoldmandmsilvermweremusedmasminternationalmmeansmofmpaymentmandmt
hemexchangemratesmamongmcurrenciesmweremdeterminedmbymeithermtheirmgoldmormsilvermcontents.mSu
pposemthatmthemdollarmwasmpeggedmtomgoldmatm$30mpermounce,mthemFrenchmfrancmismpeggedmtomgoldmat
m90mfrancsmpermouncemandmtomsilvermatm6mfrancsmpermouncemofmsilver,mandmthemGermanmmarkmpegge

dmtomsilvermatm1mmarkmpermouncemofmsilver.mWhatmwouldmthemexchangemratembetweenmthemU.S.mdollar
mandmGermanmmarkmbemundermthismsystem?

A) 1mGermanmmarkm=m$2
B) 1mGermanmmarkm=m$0.50
C) 1mGermanmmarkm=m$3
D) 1mGermanmmarkm=m$1

14) SupposemthatmcountrymAmandmcountrymBmarembothmonmambimetallicmstandard.mInmcountrymAmthemra
tiomism15mtomonem(i.e.,manmouncemofmgoldmismworthm15mtimesmasmmuchmasmanmouncemofmsilverminmthatmcu
rrency),mwhileminmcountrymBmthemratiomismtenmtomone.mIfmthemfreemflowmofmcapitalmismallowedmbetween
mcountriesmAmandmB,mismthismamsustainablemframework?

A) Yes
B) No
C) Theremismnotmenoughminformationmtommakemanminformedmdetermination.

15) Supposemthatmbothmgoldmandmsilvermaremusedmasminternationalmmeansmofmpaymentmandmthemexchan
gemratesmamongmcurrenciesmaremdeterminedmbymeithermtheirmgoldmormsilvermcontents.mSupposemthatmt
hemdollarmwasmpeggedmtomgoldmatm$20mpermounce,mthemJapanesemyenmismpeggedmtomgoldmatm120,000my
enmpermouncemandmtomsilvermatm8,000myenmpermouncemofmsilver,mandmthemAustralianmdollarmismpeggedm
tomsilvermat
$5mpermouncemofmsilver.mWhatmwouldmthemexchangemratembetweenmthemU.S.mdollarmandmAustralianmdolla
rmbemundermthismsystem?
A) $1mU.S.m=m$1mAustralian
B) $1mU.S.m=m$2mAustralian
C) $1mU.S.m=m$3.75mAustralian
D) nonemofmthemoptions

16) ThemUnitedmStatesmadoptedmthemgoldmstandardmin
A) 1776.
B) 1879.
C) 1864.
D) 1973.

17) Themgoldmstandardmstillmhasmardentmsupportersmwhombelievemthatmitmprovides
A) anmeffectivemhedgemagainstmpriceminflation.
B) fixedmexchangemratesmbetweenmallmcurrencies.
C) monetarympolicymautonomy.
D) allmofmthemoptions




4
Copyrightm©m2018mMcGraw-
Hill
mynursytest.store

Libro relacionado
 image
Alan C. Shapiro, Peter Moles International Financial Management
Editorial: Desconocido ISBN: 9781118929322 Edición: 1

Información del documento

Subido en
11 de marzo de 2025
Número de páginas
49
Escrito en
2024/2025
Tipo
Examen
Contiene
Preguntas y respuestas
$21.49

¿Documento equivocado? Cámbialo gratis Dentro de los 14 días posteriores a la compra y antes de descargarlo, puedes elegir otro documento. Puedes gastar el importe de nuevo.
Escrito por estudiantes que aprobaron
Inmediatamente disponible después del pago
Leer en línea o como PDF

Seller avatar
Los indicadores de reputación están sujetos a la cantidad de artículos vendidos por una tarifa y las reseñas que ha recibido por esos documentos. Hay tres niveles: Bronce, Plata y Oro. Cuanto mayor reputación, más podrás confiar en la calidad del trabajo del vendedor.
Vendido
12
Seguidores
1
Artículos
536
Última venta
1 mes hace


Reseñas de compradores verificados




Por qué los estudiantes eligen Stuvia

Creado por compañeros estudiantes, verificado por reseñas

Calidad en la que puedes confiar: escrito por estudiantes que aprobaron y evaluado por otros que han usado estos resúmenes.

¿No estás satisfecho? Elige otro documento

¡No te preocupes! Puedes elegir directamente otro documento que se ajuste mejor a lo que buscas.

Paga como quieras, empieza a estudiar al instante

Sin suscripción, sin compromisos. Paga como estés acostumbrado con tarjeta de crédito y descarga tu documento PDF inmediatamente.

Student with book image

“Comprado, descargado y aprobado. Así de fácil puede ser.”

Alisha Student

Preguntas frecuentes