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【单选题】
现代信用体系的主体是()A.
银行信用
B.
消费信用
C.
国家信用
D.
商业信用
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皮皮学刷刷变学霸
举一反三
【单选题】Fixed exchange rates and perfect capital mobility
A.
makes fiscal policy completely ineffective
B.
makes monetary policy very effective
C.
makes fiscal policy very effective
D.
increases the effectiveness of both fiscal and monetary policy
【单选题】With perfect capital mobility uncovered interest parity always holds because:
A.
almost unlimited flows of capital can occur if there is any deviation from the parity.
B.
lower domestic interest rates trigger hedging to avoid exchange rate risks.
C.
capital flows out at a much faster rate than it flows in if the interest rate changes.
D.
the no-arbitrage condition cannot be satisfied without using forward contract.
【单选题】Monetary expansion, with perfect capital mobility, is effective in improving international price competitiveness of a country in:
A.
the short-run with floating exchange rates.
B.
the long-run with floating exchange rates.
C.
the short-run with fixed exchange rates.
D.
the long-run with fixed exchange rates.
【单选题】Which of the following is NOT true with fixed exchange rates and perfect capital mobility?
A.
Monetary policy is not effective in either the long-run or the short-run.
B.
Sterilization is impossible.
C.
Fiscal policy is very powerful.
D.
Monetary policy is very powerful.
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