Trắc nghiệm Thị trường Tài chính Quốc tế và Đầu tư | Tài chính quốc tế | Học viện Tài chính

1. The participants join the foreign exchange market... A. Directly B. Over-the-counter mechanism
C. By all means of modern communications
D. In 2 different trading centers
2. ... are defined as banking markets that involve short-term borrowing and lending
conducted outside of the legal jurisdiction of the authorities of the currency that is used.
A. International financial market
B. International monetary market
C. International capital market D. Eurocurrency market
3. The international financial market is the market where ... among entities of countries via
specific financial instruments.
A. Currency trading takes place.
B. Currency trading and capital trading take place
C. International stock trading takes place
D. International security trading takes place
4. On June 10th, bank A quotes the following information: SGD/VND = 16,720 / 10
SGD/VND 1-month Swap point: ( WB < WO → + , WB > WO → -)
How much is the 1-month forward rate of SGD / VND? А. 16,806 / 18,871 B. 16,634 / 16,749 C. 16,806 / 16,749 D. 16,634 / 16,771
5. On June 10th, bank A quotes the following information: GBP / USD = 1.6790/30
GBP / USD 1 - month Swap point: 30/45
How much is the 1-month forward rate of GBP / USD? A. 1.6820 / 75 B. 1.6820 / 15 C. 0.8820 / 75 D. 0.8820 / 15
6. On June 10th, bank A quotes the following information: EUR / USD = 1.3410 / 50
EUR / USD 1 - month Swap point: 46/23
How much is the 4 - 4-month forward rate of EUR/ USD? A. 1.8364/27 В. 1.8364/72 C. 1.3364/27 D. 1.3364/72
7. Bank A quotes the following information about exchange rate and interest rate: USD/EUR Spot rate = 0.8180/20 USD annual interest rate: 2% EUR annual interest rate : 3%
How much is the 3 - 3-month forward rate of USD / EUR? A. 0.8800/90 В. 0.8800/40 C. 0.8200/90 D. 0.8200/40
8. Bank A quotes the following information about exchange rate and interest rate: USD/EUR Spot rate = 0.8180/20 USD annual interest rate: 2% EUR annual interest rate : 3%
How much is the 3 - 3-month forward rate of EUR / USD? A. 1.2135 / 00 B. 1.2135 / 95 C. 1.2835 / 00 D. 1.2835 / 95
9. Bank A quotes the following information about exchange rate and interest rate: SGD/VND Spot rate = 16,720/10
SGD annual interest rate : 2% - 2.5% VND annual interest rate : 3% - 3.5%
How much is the 3 - month forward rate of SGD/VND? A. 16,741 / 873 В. 16,741 / 173 C. 15,741 / 873 D. 15,741 / 173
10. Bank A quotes the following information about exchange rate and interest rate:
USD/ JPY Spot rate = 102.20/70 ??
USD annual interest rate: 2% - 2.5% JP Y annual interest rate: 3.5% - 4%
How much is the 4-month forward rate of USD/JPY? А. 105.37 / 106.21 В. 105.37 / 106.57 С. 102.37 / 103.21 D. 102.37 / 103.57 -> 102.54/103.38
11. A multinational company is going to hedge for an outflow of 1,000,000 EUR. This firm
engages in a forward contract to buy EUR by VND in the next 90 days with current annual
interest rates of 0.5 - 2.0% and 8 - 12% respectively. At the contract time, the spot rate of
EUR/VND is 28,390/50. Suppose that the forward rate is defined under the interest rate parity theory.
Define the profit/loss of the firm at maturity if the spot rate of EUR/VND in the next 90 days
will be 28,940/90 respectively. A. Profit - 277,000,000 VND B. Loss - 277,000,000 VND
C. Profit - 217,000,000 VND D. Loss - 217,000,000 VND
12. A multinational company is going to hedge for an outflow of 1,000,000 EUR. This firm
engages in a forward contract to buy EUR by VND in the next 90 days with current annual
interest rates of 0.5 - 2.0% and 8 - 12% respectively. At the contract time, the spot rate of
EUR/VND is 28,390/50. Suppose that the forward rate is defined under the interest rate parity theory.
Define the profit/loss of the firm at maturity if the spot rate of EUR/VND in the next 90 days
will be 29,450/00 respectively. A. Profit - 233,000,000 VND B. Loss - 233,000,000 VND C. Profit - 213,000,000 VND D. Loss - 213,000,000 VND
13. On July 18th, A multinational company engaged in a 90 days maturity forward contract to
sell 1,000,000 USD and VND with current annual interest rates of USD and VND at 1-3%
and 7-9% respectively. At the contract time, the spot rate of USD/VND is 21,180/30.
Suppose that the forward rate is defined under the interest rate parity theory.
Define the profit/loss of the firm at maturity if the spot rate of USD/VND in the next 90 days
will be 21,000/50 respectively. A. Profit - 390,000,000 VND
14. On July 18th, A multinational company engaged in a 90-day maturity forward contract to
sell 1,000,000 USD and VND with current annual interest rates of USD and VND at 1-3%
and 7-9% respectively. At the contract time, the spot rate of USD/VND is 21,180/30.
Suppose that the forward rate is defined under the interest rate parity theory.
Define profit/loss of the firm at maturity if the spot rate of USD/VND in the next 90 days will be 21,390 /50 respectively. A. Profit - 210,000,000 VND B. Profit - 20,000,000 VND C. Break even D. Loss - 60,000,000 VND
15. The lower the market exchange rate at maturity is, the lower the profit of the Long Forward holder is A. True B. False
16. The lower the market exchange rate at maturity is, the higher the profit of Short Forward holder is A. True B. False
17. The higher the market exchange rate at maturity is, the lower the profit of Short Forward holder is A. True B. False
18. If market exchange rate at maturity is lower than the breakeven point, the current
shouldn't exercise in Long Call A. True B. False
19. The higher the market exchange rate at maturity, the profit of Long Put holders tends to increase. A. True B. False
20. The foreign exchange market is not a visible place but a ... that is set up anywhere the currency exchange takes place. A. Global network B. Foreign network C. International mechanism D. International relationship
21. Spot transaction allows traders to exchange a specific amount of currency for another at
the prevailing market exchange rate and the transfer takes place ... since the contract is due. A. Immediately B. Within 2 working days C. Among 2 days
D. 2 working days since the exchange rate was available
22. In spot transactions, it is legal for commercial banks to charge a fee or commission to clients A. True B. False
CHAPTER 5: INTERNATIONAL INVEST MENT &
MULTINATIONAL CORPORATE FINANCE
1. In terms of ..., there are two types of international investment: FDI, FlI
A. How investors transfer capital resources to investees B. Payment method
C. Capital management of investors
D. Arrangement between parties under the investment contract
2. FDI refers to an international investment in which the investors ... in enterprises in other
countries A. Obtain an operation B. Look for profit C. Seek important input
D. Participate directly in the management
3. Physical content of FDI includes... A. Financial capital B. Fixed assets
C. Reputation, brand, trademark D. All above
4. The rate of return on international stock will be positively affected if the value of
investment currency tends to decrease against that of transaction currency - True
7. An investor has invested 2,000 GBP in buying stocks in the US market as follows
The stock price at the beginning of the year: 25 USD / stock
The stock price at the end of the year: 40 USD / stock Dividend: 2USD/stock
The exchange rate at the beginning of the period : GBP/USD =2.0
Exchange rate at the ending of the period : GBP/USD =2.5
What is the rate of return? Rs=? 34.4
8. An investor having GBP considers buying 10,000 stocks. The current price is 5 USD/stock
and the buying fee is 0.4 USD/stock. Currently, GBP/USD is 1.0522/42. It is expected that
the investor will receive 1.2 USD interest payment per stock. The stock will be sold at 8
USD/stock without the selling fee. GBP/USD at the time is 1.6255/75. What is the rate of
return if the investor decides to invest in this stock? 0.1015
9. A company needs to borrow 800.000 USD with 1 year maturity. This company is
considering which currency to borrow. USD interest rate is 6%/year. EUR interest rate
is 5%/year. It is expected that EUR will appreciate from 1 EUR = 1.12 USD at present
to 1 EUR = 1.3 USD at maturity. Define real interest rate when borrowing in EUR. 0.2188
10. (THI) A Chinese investor use 1 billion CNY to invest
Buying Japanese government bonds sold in JPY
Bond price increased on average 2% / year
Bond interest rate of 6% / year
CNY / JPY increased by 1% per year on average Rb= CHAPTER 7
Câu 1: Assume ceteris paribus when a small economy imposes a tariff on imported goods X,
the consumer surplus of the goods X in that economy will A. Decrease B. Increase C. Remain unchanged
Câu 2. Assume ceteris paribus when a small economy imposes a tariff on imported goods X,
the producer surplus of foreign producer of goods X will A. Decrease B. Increase C. Remain unchanged
Câu 3. Protection tariff is the type of tariff that is mainly used to protect the domestic ....
which is known as "infant industries". Fill in the blank A. Consumption B. Production KIẾM TRA ĐK
Câu 1: Bank A quotes the following information about exchange rate and interest rate:
- EUR/USD Spot rate = 1.4360/90
- EUR annual interest rate: 1.5% - 3% USD annual interest rate: 2.5% - 3%
What is the 3-month forward rate of EUR/USD? А. 1.4342/1.4576 В. 1.4353/1.4576 C. 1.4342/1.4444 D. 1.4353/1.4444
Câu 2: An investor who has GBP considers buying 10,000 stocks. The current price is 5
USD/stock and the buying fee is 0.4USD/stock. Currently, the GBP/USD is 1.5022/02. It is
expected that the investor will receive 1.2USD interest payment per stock. The stock will be
sold at 6 USD/stock and the selling fee is 0.2USD/stock. GBP/USD at that time is 1.6275/55.
What is the rate of return if the investor decides to invest in this stock? 10 điểm A. 19.06% B. 19.49% C. 19.80% D. 20.29%
Câu 3. At the beginning of year N, USD/VND = 20,940. During the year, the inflation rates in
the United States and Vietnam are 3% and 5% respectively.
Assuming ceteris paribus, what is USD/VND at the end of year N? A. 20,541 B. 20,960 C. 21,346 D. 21,879
Câu 4. There is an ODA loan from the World Bank to the Agricultural sector in Vietnam if the
maturity of the loan increases, then the grant element will 5 điểm A. Increase B. Decrease C. Remain unchanged Câu 5: (Fill in the blank)
...are defined as banking markets that involve short-term borrowing and lending conducted
outside of the legal jurisdiction of the authorities of the currency that is used. 5 điểm
A. International financial market
B. International monetary market C. Eurocurrency markets
D. International capital market
Câu 6: Assume ceteris paribus, the exchange rate will increase when: A. Export turnover increases
B. Export turnover decreases
Câu 7 If an affiliate in country A is selling goods to another affiliate in country B and if the
corporate tax rate in country A is lower than that in country B, the transfer price should be
set as low as possible to minimize tax A. True B. False
Câu 8 : International investment involves in .... currency (currencies) A. Only one B. Only two different C. At least two different D. At most two different
Câu 9 According to Vietnamese regulations, a binding concessional loan is considered ODA
when the grant element (non-refundable element) is no less than: A. 20% B. 25% C. 30% D. 35% Câu hỏi thêm:
Câu 1: Bank A quotes the following information about exchange rate and interest rate:
AUD/HKD Spot rate = 7.0850/20; AUD annual interest rate:
3% - 5%; HKD annual interest rate: 2% - 4%. What is the 1-month forward rate of AUD/HKD? A. 7.0674/909 B. 7.0674/135 C. 7.0674/979 D. 7.8674/135
Câu 2: On May 16th 2016, there are some exchange rates quoted by bank X: USD/VND = 20,940/60 EUR/USD = 1.2320/80 GBP/HKD = 12.320/50 CAD/VND = 19,620/80 GBP/USD = 1.7310/60 USD/SGD = 1.2480/10
SGD/JPY = 74.590/30. Define the amount of
currency a customer will pay or receive if the customer sells 1,000,000 GBP to receive JPY? A. 161,135,882 В. 191,835,492 С. 181,195,502 D. 151,435,842
Câu 3: A bank quotes the following information. USD/JPY = 102.20/70
GBP/USD=1.6810/60 EUR/USD = 1.3370/10. Define the exchange rate applied by the bank if a customer buys GBP by JPY? A. 173.15 B. 184.58 C. 273.15 D. 174.59
Câu 4: At the beginning of year N, USD/JPY = 102.27. During the year, the inflation rates in
America and Japan are 4% and 2.5% respectively. Assuming ceteris paribus, what is USD/JPY at the end of year N?* A. 100.79 В. 146.10 C. 71.59 D. 103.76
Câu 5: A company needs to borrow 800,000USD with 1-year maturity. This company is
considering which currency to borrow. USD interest rate is 6%/year, EUR interest rate is
5%/year. It is expected that EUR will appreciate from 1EUR=1.12USD at present to
1EUR=1.3USD at maturity. Define real interest rate when borrowing in USD* A. 6% B. 5% C. 3% D. 9%
Câu 6: On June 10th, bank A quotes the following information: JPY/VND = 200/50
JPY/VND 1-month Swap point: 28/37. What is the 1-month forward rate of JPY/VND?* A. 228/87 B. 280/20 C. 285/59 D. 264/60
Câu 7: An investor who has GBP considers buying 20,000 stocks. The current price is 6
USD/stock and the fee when buying is 0.5USD/stock. Currently, the GBP/USD exchange
rate is 1.42/1.57. It is expected that the investor will receive 1.5 USD interest payment per
stock. The stock will be sold out at 8 USD/stock and the selling fee is 0.4 USD/stock.
GBP/USD exchange rate at the end of the year is 1.62/75. Define rate of return of this stock* A. 13.60% B. 15.23% C. 25.32% D. 17.77%
Câu 8: An investor has invested 2,000 GBP in buying stocks in the US market as follows:
Stock price at the beginning of the year: USD 25/stock. Stock price at the end of the year:
USD 40/stock. Dividend: 2USD/stock. Exchange rate at
the beginning of the period: GBP/USD = 2.0. Exchange rate at the end of the
period: GBP/USD = 2.5. Define the rate of return of this stock.* A. 34.40% B. 15.23% C. -34.40% D. -2.45%
Câu 9: On July 18th, A multinational company engages in a 90-day maturity forward contract
to sell 500,000 USD for SGD with current annual interest rates of USD and SGD at 1-3%
and 7-9% respectively. At the time of signing, the spot rate of USD/SGD is 1.72/1.76.
Suppose that the forward rate is defined under the interest rate parity. Define profit/loss of
the corporation at maturity if the spot rate of USD/ SGD in the next 90 days will be 1.74/86. A. -1,450 SGD B. 1,450 SGD C. -2,640 SGD D. 2,640 SGD
Câu 10: There is an ODA loan from World Bank to the Agricultural sector in Vietnam as
follows:- Total ODA loan: 200 million USD- Maturity: 40 years-Grace period: 6 years- Annual
interest rate: 2%- This loan is repaid twice a year at the end of each period- The market
average interest rate of the same period is 10% annually. Define the level of the grant element of this loan A. 66.52% B. 66.25% C. 54.77% D. 57.74%
Câu 11: There is an ODA loan from World Bank to the Agricultural sector in Vietnam as
follows: Total ODA loan: 100 million USD- Maturity: 20 years-Grace period: 6 years- Annual
interest rate: 2%- This loan is repaid twice a year at the end of each period- The market
average interest rate of the same period is 10% annually. Define the level of the grant element of this loan. A. 55.32% B. 55.23% C. 54.77% D. 54.68%
Câu 12: A company needs to borrow 800,000USD with 1-year maturity. This company is
considering which currency to borrow. USD interest rate is 6%/year, EUR interest rate is
5%/year. It is expected that EUR will appreciate from 1EUR=1.12USD at present to
1EUR=1.3USD at maturity. Define real interest rate when borrowing in USD A. 6% B. 5% C. 3% D. 9%
Câu 13: An investor has invested 2,000 GBP in buying stocks in the US market as follows:
Stock price at the beginning of the year: USD 25/stock.
Stock price at the end of the year: USD 40/stock. Dividend: 2USD/stock.
Exchange rate at the beginning of the period: GBP/USD = 2.0. Exchange rate at
the end of the period: GBP/USD - 2.5. Define the rate of return of this stock. A. 34.40% B. 15.23% C. -34.40% D. -2.45%