10. Übungsblatt 5 - Wechselkurse, Währungssysteme und die Europäische Währu

Question 1 of 16

1

In Japan liegen die Zinsen seit Jahren nahe 0&, während in der USA deutlich höhere Zinserträge von angenommen 4% zu erzielen waren. Ein Investor, der dennoch in Japan investierte, erwartete für den Wechselkurs (Yen pro Dollar) jährlich:

Select one of the following:

Einen Anstieg um höchsten 4%
Einen Anstieg um mindestens4%
Einen Rückgangum höchsten 4%
Einen Rückgangum mindestens 4%

Explanation

Question 2 of 16

1

Nehmen Sie an der €/Franken Kurs liege aktuell bei 0,83 €/Franken, der schweizerische Zins bei 0,39% und der Zins im Euroraum bei 1,33%. Bei Gültigkeit der (ungedeckten) Zinsparität beträgt der vom Markt erwartete Wechselkurs in einem Jahr damit:

Select one of the following:

0,8267 €/Franken
0,8378 €/Franken
0,858 €/Franken
Keiner der genannten Wechselkurse

Explanation

Question 3 of 16

1

Die Analyse der mittleren Frist unterscheidet sich von der kurzen Frist durch

Select one of the following:

die Betrachtung des realen Wechselkurses.
Die Vernachlässigung der Zinsparität.
Der Verzicht der Annahme der fixen Preise.
Keine der genannten Antworten.

Explanation

Question 4 of 16

1

Der amerikanische Zins für eine 3-Monatsanleihe liegt bei 4% pro Jahr. Der $/€ Kurs liegt bei 1,3 $/€. Die Marktteilnehmer rechnen mit einer Abwertung des $/-Kurses innerhalb der nächsten 3 Monate auf 1,274 $/€. Deshalb muss der inländische Zins auf Grund der Zinsparitätenbedingung approxomativ

Select one of the following:

3% p.a. betragen
6% p.a. betragen
12% p.a. betragen
24% p.a. betragen

Explanation

Question 5 of 16

1

European countries have never been negatively affected by exchange rate volatility among their currencies (prior to Euro adoption) because their currencies are heavily integrated with another.

Select one of the following:

True
False

Explanation

Question 6 of 16

1

A system of fixed exchange rates and a common currency are prefect substitutes.

Select one of the following:

True
False

Explanation

Question 7 of 16

1

Countries that form a monetary union have to set rules for their fiscal policies to maintain
the stability of their exchange rate.

Select one of the following:

True
False

Explanation

Question 8 of 16

1

To be admitted to the European Monetary Union, countries must satisfy a set of minimum
requirements based on a set of macroeconomic variables.

Select one of the following:

True
False

Explanation

Question 9 of 16

1

The European Central Bank pursues as its main objective the goal of price stability.

Select one of the following:

True
False

Explanation

Question 10 of 16

1

During its first ten years of life, the European Central Bank has de facto behaved as the
Bundesbank would have done.

Select one of the following:

True
False

Explanation

Question 11 of 16

1

A group of countries is said to form an ‘optimal currency area’ only if the macroeconomic
benefits from having just one currency outweigh the costs.

Select one of the following:

True
False

Explanation

Question 12 of 16

1

Since the introduction of the euro, price differentials have completely disappeared between
euro member countries.

Select one of the following:

True
False

Explanation

Question 13 of 16

1

There exist divergent estimates about the positive trade effects of the euro on member
countries, but all of them point to a significant increase in trade flows among member
countries.

Select one of the following:

True
False

Explanation

Question 14 of 16

1

There is no cost of sacrificing exchange rate flexibility between different regions if wages and
prices are perfectly flexible.

Select one of the following:

True
False

Explanation

Question 15 of 16

1

If wages and prices are not flexible, the main cost of sacrificing exchange rate flexibility
between different regions depends on whether these regions face asymmetric shocks to
aggregate demand.

Select one of the following:

True
False

Explanation

Question 16 of 16

1

Euro member countries have faced no asymmetric shocks in the first ten years of the euro;
therefore the euro area can be considered and ‘optimal currency area’.

Select one of the following:

True
False

	Created by Rafael Mentges over 8 years ago

Bachelor JK Makro 2 (10 - Wechselkurse, Währungssysteme und die Europäische Währu) Quiz on 10. Übungsblatt 5 - Wechselkurse, Währungssysteme und die Europäische Währu, created by Rafael Mentges on 03/07/2016.

10. Übungsblatt 5 - Wechselkurse, Währungssysteme und die Europäische Währu

Question 1 of 16

In Japan liegen die Zinsen seit Jahren nahe 0&, während in der USA deutlich höhere Zinserträge von angenommen 4% zu erzielen waren. Ein Investor, der dennoch in Japan investierte, erwartete für den Wechselkurs (Yen pro Dollar) jährlich:

Select one of the following:

Explanation

Question 2 of 16

Nehmen Sie an der €/Franken Kurs liege aktuell bei 0,83 €/Franken, der schweizerische Zins bei 0,39% und der Zins im Euroraum bei 1,33%. Bei Gültigkeit der (ungedeckten) Zinsparität beträgt der vom Markt erwartete Wechselkurs in einem Jahr damit:

Select one of the following:

Explanation

Question 3 of 16

Die Analyse der mittleren Frist unterscheidet sich von der kurzen Frist durch

Select one of the following:

Explanation

Question 4 of 16

Select one of the following:

Explanation

Question 5 of 16

European countries have never been negatively affected by exchange rate volatility among their currencies (prior to Euro adoption) because their currencies are heavily integrated with another.

Select one of the following:

Explanation

Question 6 of 16

A system of fixed exchange rates and a common currency are prefect substitutes.

Select one of the following:

Explanation

Question 7 of 16

Countries that form a monetary union have to set rules for their fiscal policies to maintain the stability of their exchange rate.

Select one of the following:

Explanation

Question 8 of 16

To be admitted to the European Monetary Union, countries must satisfy a set of minimum requirements based on a set of macroeconomic variables.

Select one of the following:

Explanation

Question 9 of 16

The European Central Bank pursues as its main objective the goal of price stability.

Select one of the following:

Explanation

Question 10 of 16

During its first ten years of life, the European Central Bank has de facto behaved as the Bundesbank would have done.

Select one of the following:

Explanation

Question 11 of 16

A group of countries is said to form an ‘optimal currency area’ only if the macroeconomic benefits from having just one currency outweigh the costs.

Select one of the following:

Explanation

Question 12 of 16

Since the introduction of the euro, price differentials have completely disappeared between euro member countries.

Select one of the following:

Explanation

Question 13 of 16

There exist divergent estimates about the positive trade effects of the euro on member countries, but all of them point to a significant increase in trade flows among member countries.

Select one of the following:

Explanation

Question 14 of 16

There is no cost of sacrificing exchange rate flexibility between different regions if wages and prices are perfectly flexible.

Select one of the following:

Explanation

Question 15 of 16

If wages and prices are not flexible, the main cost of sacrificing exchange rate flexibility between different regions depends on whether these regions face asymmetric shocks to aggregate demand.

Select one of the following:

Explanation

Question 16 of 16

Euro member countries have faced no asymmetric shocks in the first ten years of the euro; therefore the euro area can be considered and ‘optimal currency area’.

Select one of the following:

Explanation

Countries that form a monetary union have to set rules for their fiscal policies to maintain
the stability of their exchange rate.

To be admitted to the European Monetary Union, countries must satisfy a set of minimum
requirements based on a set of macroeconomic variables.

During its first ten years of life, the European Central Bank has de facto behaved as the
Bundesbank would have done.

A group of countries is said to form an ‘optimal currency area’ only if the macroeconomic
benefits from having just one currency outweigh the costs.

Since the introduction of the euro, price differentials have completely disappeared between
euro member countries.

There exist divergent estimates about the positive trade effects of the euro on member
countries, but all of them point to a significant increase in trade flows among member
countries.

There is no cost of sacrificing exchange rate flexibility between different regions if wages and
prices are perfectly flexible.

If wages and prices are not flexible, the main cost of sacrificing exchange rate flexibility
between different regions depends on whether these regions face asymmetric shocks to
aggregate demand.

Euro member countries have faced no asymmetric shocks in the first ten years of the euro;
therefore the euro area can be considered and ‘optimal currency area’.