Chapter 1.

Câu 1: What does the indirect quoted exchange rate indicate?

A. How many units of currency are needed to exchange for 1 USD.

B. How many units of domestic currency are needed to exchange for 1 unit of foreign currency.

C. How many units of foreign currency are needed to exchange for 1 unit of domestic currency.

D. The value of 1 unit of foreign currency in USD.

Câu 2: Which of the following is not a competitive advantage of Eurobanks?

A. Low management costs.

B. No requirement to maintain mandatory reserve ratios.

C. Customers with high credit ratings and low default risk.

D. Large transaction volume.

Câu 3: Bonds issued by non-residents, denominated in domestic currency, in countries where the
currency is specified on the bonds are called:

A. Domestic bonds.

B. Foreign bonds.

C. Eurobonds.

D. All of the above.

Câu 4: Characteristics of an open economy include:

A. Involvement in import and export activities.

B. Direct and indirect foreign investments.

C. Companies issuing international bonds.

D. All of the above.

Câu 5: Cross rate is the exchange rate that:

A. Is derived from three given exchange rates.

B. Is determined between any two currencies.

C. Is derived from two given exchange rates.

D. Does not involve the USD in the rate.

Câu 6: The principal-agent problem in a multinational corporation refers to:

A. Conflicts between parent and subsidiary companies.

B. Conflicts between managers and shareholders.

C. Conflicts between shareholders and creditors.

D. All of the above.

Câu 7: The reason multinational corporations engage in international business can be explained by
theories such as:

A. Comparative advantage theory.

B. Imperfect market theory.

C. Product differentiation theory.

D. Both A and B are correct.

Câu 8: Licensing is a form of multinational corporation that:

A. Allows another organization to use its brand, reputation, etc., attached to a product for a fee.

B. Enters international markets without requiring significant capital investment.

C. Has difficulty controlling the quality of products sold under its brand.

D. All of the above.

Câu 9: The cash flows of a multinational corporation are significantly impacted by:

A. Fluctuations in the currency values of the countries where the MNC invests.

B. Changes in the economic policies of the host country.

C. Political instability in the host country.

D. All of A, B, and C are correct.

Câu 10: Franchising is a form of multinational corporation that:

A. Allows another organization to use its brand, reputation, etc., for a fee.

B. Transfers the production formula, business style, etc., for a fee.

C. Controls the quality of products sold under its brand.

D. All of A, B, and C are correct.

Chapter 2
Câu 1: The summary report of transactions between residents and non-residents during a specific period
is called:

A. Trade balance

B. Current account balance

C. International payment balance

D. Basic balance

Câu 2: Which of the following factors affects the international payment balance?

A. Inflation

B. Government restrictions

C. Exchange rates

D. All of the above

Câu 3: A Vietnamese company imports cars from the United States.

A. This transaction will be recorded as a Debit in Vietnam's international payment balance.

B. This transaction will be recorded as a Debit in the international payment balance of the United States.

C. Because the value of Vietnamese cars received equals the value of USD sent to the United States, it
does not increase the debit or credit balance in the international payment balance.

D. None of the above is correct.

Câu 4: Transactions related to services between residents and non-residents are shown in the:

A. Trade balance

B. Current account balance (CORRECT ANSWER)

C. Capital account balance

D. Financial account balance

Câu 5: The goal of "establishing and maintaining a liberal, convenient, and transparent global trade
environment" belongs to which organization:
A. WB

B. IMF

C. WTO (CORRECT ANSWER)

D. BIS

Câu 6: Which of the following balances is also known as the structural balance:

A. Unilateral transfers balance

B. Trade balance

C. Services balance

D. Income balance

Câu 7: Which of the following transactions is recorded in the financial account in the balance of
payments?

A. Domestic companies buying foreign bonds.

B. Export of goods

C. Remittances

D. Import of services

Câu 8: J-curve effect:

A. Indicates an initial improvement and then deterioration in the trade balance under the influence of a
weak domestic currency.

B. Indicates an initial deterioration and then improvement in the trade balance due to the impact of a
weak domestic currency.

C. Indicates that the trade balance is affected by interest rate factors.

D. Indicates that the domestic currency tends to appreciate due to increasing inflation rates.

Câu 9: Cambodia is seeking financial support for the international payment balance from an
international financial institution. Which organization provides this financial support:

A. WB

B. IMF

C. WTO

D. IFC

Câu 10: Which of the following factors will attract foreign direct investment (FDI) into a country:

A. High tax rates in the recipient country

B. Privatization in the recipient country

C. Both a and b are correct

D. None of the above is correct.

Chapter 3
Question 1: Larobi is a U.S.-based MNC that regularly imports raw materials from China. Larobi pays for
these import orders in Chinese Yuan (CNY) and is concerned that the CNY may appreciate in the near
future. Which of the following is not an appropriate risk management technique in such cases?

A. Buying CNY futures.

B. Buying CNY forward contracts.

C. Buying CNY put options.

D. Buying CNY call options.

Question 2: Company A (based in the U.S.) exports products to a German company and will receive a
payment of €200,000 in three months. On June 1, the spot exchange rate for EUR/USD is 1.12, and the 3-
month forward rate is 1.10. On June 1, Company A negotiated a forward contract with a bank to sell
€200,000 in three months. The spot EUR/USD exchange rate on September 1 is 1.15. The revenue in EUR
for Company A is:

A. €224,000

B. €220,000

C. €200,000

D. €230,000

Question 3: Currency futures contracts traded on an exchange:

A. Include obligations of the owner and are standardized.

B. Include obligations of the owner and can be customized according to the owner's preferences.

C. Provide rights but not obligations of the owner and can be customized according to the owner's
preferences.

D. Provide rights but not obligations of the owner and are standardized.

Question 4: Currency futures contracts sold on an exchange:

A. Include obligations of the owner and are standardized.

B. Include obligations of the owner and can be customized according to the owner's preferences.

C. Provide rights but not obligations of the owner and can be customized according to the owner's
preferences.
D. Provide rights but not obligations of the owner and are standardized.

Question 5: Currency options contracts:

A. Include obligations of the owner and are standardized.

B. Include obligations of the owner and can be customized according to the owner's preferences.

C. Provide rights but not obligations of the owner and can be customized according to the owner's
preferences.

D. Provide rights but not obligations of the owner and are standardized.

Question 6: Which of the following is correct?

A. Futures markets are primarily used by speculators, while options markets are primarily used for risk
management.

B. Futures markets are primarily used for risk management, while options markets are primarily used for
speculation.

C. Both futures and options markets are used for speculation.

D. Both futures and options markets are used for risk management.

Question 7: Which of the following is correct?

A. Most futures contracts between companies and banks are for speculative purposes.

B. Most futures contracts are used by companies to hedge exchange rate risk.

C. Futures contracts provided by banks only have four possible maturities in the future.

D. All of the above are incorrect.

Question 8: Compared to futures contracts, futures contracts have the advantage of:

A. Flexibility.

B. Liquidity.

C. Ease of use.

D. All of the above.

Question 9: A company wants to use a call option to hedge NZD 12.5 million receivable from New
Zealand companies. The option premium is USD 0.03. The exercise rate is 0.5. If the call option is
exercised, the total USD received (after accounting for the paid option premium) is:

A. USD 6,875,000.

B. USD 7,250,000.

C. USD 7,000,000.
D. USD 6,500,000.

Question 10: The current spot USD/CAD exchange rate is 0.82. The cost of buying a CAD call option is
0.04. The exercise rate is 0.81. The option type is European. If the spot rate on the expiration date is
0.87, the profit as a percentage of the initial investment (including the paid option premium) is:

A. 0%.

B. 25%.

C. 50%.

D. 150%.

Chapter 4
Question 1: Given three exchange rate pairs quoted at different banks: GBP/USD = 1.2205 – 1.2212,
EUR/USD = 1.1105 – 1.1109, GBP/EUR = 1.1017 – 1.1022. Does arbitrage exist? If so, calculate the profit
from the investment activity starting with USD 200,000.

A. Arbitrage exists, profit is USD 366.5.

B. Arbitrage exists, profit is EUR 376.5.

C. Arbitrage exists, loss is -USD 642.6.

D. No arbitrage exists.

Question 2: Which arbitrage form below needs to consider cross rates?

A. Interest rate arbitrage with hedging.

B. Triangular arbitrage.

C. Local arbitrage.

D. Forward exchange rate arbitrage.

Question 3: Assuming the current interest rate for USD is 2.5% per year, and the current interest rate for
CHF is 5.3% per year. The discount or premium of a forward contract for a U.S. investor after 1 year
(assuming IRP holds) will be:

A. 2.66%.

B. -0.0266.

C. 0.0266.

D. -0.266.

Question 4: A point below (to the right of) the IRP line describes:

A. Feasible CIA for foreign investors.

B. Feasible CIA for domestic investors.

C. Infeasible CIA for both domestic and foreign investors.

D. Equal interest rate conditions.

Question 5: What reason makes interest rate parity (IRP) not exist but covered interest arbitrage (CIA) is
infeasible?

A. Transaction costs, hidden currency restrictions.

B. No transaction costs, different tax laws between countries.

C. Transaction costs, import/export taxes.

D. A and C.

Question 6: According to the interest rate parity (IRP) theory, which factor below will be equal when
engaging in covered interest rate arbitrage and investing domestically in the currency market?

A. Investment capital allocation.

B. Exchange rate.

C. Interest rate.

D. Return rate.

Question 7: According to IRP, which statement below is correct?

A. When IRP holds, CIA is infeasible.

B. When the foreign interest rate is higher than the domestic interest rate, the forward exchange rate of
the domestic currency (direct quote) will increase.

C. When the foreign interest rate is lower than the domestic interest rate, the forward exchange rate of
the domestic currency (direct quote) will decrease.

D. If CIA does not exist, IRP must exist.

Question 8: Suppose an investor has USD 2,000,000 to invest. The spot GBP/USD exchange rate is
1.2230. The 90-day forward exchange rate for GBP/USD is 1.2228. The 3-month deposit rate for USD is
1.5%, and for GBP is 3.4%. If the investor engages in CIA for 90 days, the annualized yield from the CIA
activity is:

A. 3.883%.

B. 3.383%.

C. 3.338%.

D. -3.338%.

Question 9: Assuming IRP holds, the interest rate for USD is 5%, and the interest rate for GBP is 2%, the
forward exchange rate for GBP/USD will:
A. Decrease by 2.94%.

B. Increase by 2.94%.

C. Decrease by 2.86%.

D. Increase by 2.86%.

Question 10: Bank X quotes GBP/USD = 1.6500/20, and Bank Y quotes GBP/USD = 1.6475/98. Assuming
zero transaction fees, a U.S. investor will:

A. Buy GBP at Bank Y, sell USD at Bank X.

B. Buy GBP at Bank X, sell GBP at Bank Y.

C. Buy USD at Bank X, buy GBP at Bank Y.

D. No arbitrage opportunity exists.

Chapter 5
1. There are different forms of the Purchasing Power Parity (PPP) theory. Which form is considered the
"Law of One Price"?

a. Arithmetic form

b. Relative form

c. Accounting form

d. Absolute form

2. In the United States, inflation is 3%, and in Europe, it is 5%. From the U.S. perspective, how would the
euro change if PPP holds?

a. Increase by 1.94%

b. Decrease by 1.9%

c. Decrease by 1.94%

d. Increase by 1.9%

3. Which of the following is NOT a reason for deviations in PPP?

a. Relative income levels, trade barriers.

b. Interest rate differentials, no substitute goods for imports.

c. Both a and b are reasons for deviations.

d. Neither a nor b is a reason for deviations.

4. Suppose the annual interest rate in Switzerland is 3%, and in the United States, it's 4%. If the
international Fisher effect holds, how would the Swiss franc change?
 a. Increase by 9.7%

b. Decrease by 9.7%

c. Increase by 0.97%

d. Decrease by 0.97%

5. Assume the one-year interest rate in the UK is 6%, and in the U.S., it's 4%. If the spot exchange rate for
the British pound is $1.5807 and the international Fisher effect holds consistently, what is the expected
future spot rate for the pound in one year?

a. $1.5509

b. $1.6111

c. $1.5500

d. $1.6001

6. Which statement below is TRUE?

a. The International Fisher Effect (IFE) uses interest rates to predict forward exchange rates.

b. The International Fisher Effect (IFE) uses interest rates to predict future spot exchange rates.

c. Interest Rate Parity (IRP) uses interest rates to predict future spot exchange rates.

d. Purchasing Power Parity (PPP) uses interest rates to predict future spot exchange rates.

7. Assuming annual inflation in the U.S. is 3%, in Europe, it's 6%, and the spot exchange rate is €1 =
$1.3234. Calculate the expected future spot rate in 3 years.

a. €1 = $1.2142

b. €1 = $1.4424

c. €1 = $1.3619

d. €1 = $1.2859

8. If the spot exchange rate is ¥83.6950/$ and the spot rate one year ahead is expected to be
¥85.4520/$, and the U.S. interest rate is 5%, what is the equivalent Japanese interest rate if the
International Fisher Effect holds?

a. 11.89%

b. 2.1%

c. 7.2%

d. 1.67%

9. Purchasing Power Parity suggests:

 a. The cost of a haircut in Colombia is precisely the same as in Hong Kong.

b. Inflation rates are equal in all countries.

c. The spot exchange rate is an accurate forecast for the inflation rate.

d. None of the above.

10. Due to capital market integration, U.S. and UK investors demand the same real rate of return, which
is 3%. Expected inflation is 2% in the U.S. and 5% in the UK. Calculate the nominal interest rates in the UK
and the U.S.

a. 3% in both countries

b. 8% in the UK and 5% in the U.S.

c. 1% in the U.S. and -2% in the UK

d. -1% in the U.S. and 2% in the UK

11. Due to capital market integration, U.S. and UK investors demand the same real rate of return, which
is 3%. Expected inflation is 2% in the U.S. and 5% in the UK. The current exchange rate is £1.00 =
$1.5820. Calculate the expected spot rate in one year, assuming the International Fisher Effect.

a. £1.00 = $1.6295

b. £1.00 = $1.6272

c. £1.00 = $1.5381

d. All three options are incorrect.

12. Due to capital market integration, U.S. and UK investors demand the same real rate of return, which
is 3%. Expected inflation is 2% in the U.S. and 5% in the UK. The current exchange rate is £1.00 =
$1.5750. Calculate the forward rate for one year, assuming Covered Interest Rate Parity.

a. £1.00 = $1.5313

b. £1.00 = $1.6200

c. £1.00 = $1.6223

d. £1.00 = $1.5750

13. The Fisher Effect states that it is composed of the required real interest rate and a portion
compensating for inflation. What is this called?

a. Nominal exchange rate

b. Real exchange rate

c. Nominal interest rate

d. Dividend adjustment
14. Suppose the annual inflation rates in the U.S. and Mexico are forecasted to be 4% and 8%,
respectively, in the coming years. If the current spot exchange rate for the Mexican peso (MXN) is
$0.0803, what is the best estimate for the future spot rate of the peso in three years?

a. $0.0717

b. $0.0899

c. $0.0903

d. $0.1012

15. If the expected inflation is 5%, and the real rate of return is 6% according to the Fisher Effect, what
will be the nominal interest rate?

a. 1%

b. 11%

c. -1%

d. 6%

16. If the forecasted annual inflation rates in the U.S. and Hong Kong are 4% and 7%, respectively, and
the current spot exchange rate for the Hong Kong dollar is US$0.1286, what is the expected spot
exchange rate next year?

a. $0.1337

b. $0.1376

c. $0.1323

d. $0.1250

17. If a country with a freely floating exchange rate depreciates according to the purchasing power parity
(PPP), the capital account will most likely be:

a. In deficit or trending towards a deficit.

b. In surplus or trending towards a surplus.

c. The predicted inflation rate will increase.

d. Borrowing from the World Bank.

18. The spot exchange rate for the Canadian dollar is $0.76, and the 180-day forward rate is $0.74. What
does the difference between these two rates imply?

a. Recent inflation in the U.S. has been lower than in Canada.

b. Interest rates in Canada have increased faster than in the U.S.

 c. Prices in Canada are expected to rise faster than in the U.S.

d. The spot exchange rate for the Canadian dollar is expected to increase against the U.S. dollar.

19. If the British pound depreciates from $1.25 to $1.00 by the end of the year, and the inflation rates
are 15% in the UK and 5% in the U.S., what is the real value change in the British pound?

a. -12.38%

b. -20.71%

c. +2.39%

d. +1.46%

20. The absolute form of PPP explains the imperfections in the market, such as transportation costs,
tariffs, and quotas.

a. True

b. False

21. The International Fisher Effect (IFE) uses interest rate differentials, not inflation differentials, to
explain changes in exchange rates over time. It is closely related to PPP because interest rates often do
not correlate with inflation.

a. True

b. False

22. It is possible for purchasing power parity (PPP) to exist while the International Fisher Effect (IFE) does
not exist simultaneously.

a. True (Correct Answer)

b. False

23. Unlike purchasing power parity (PPP), the International Fisher Effect (IFE) can exist in the short run.

a. True

b. False

24. Both the International Fisher Effect (IFE) and Interest Rate Parity (IRP) use interest rate differentials to
predict expected future spot exchange rates.

a. True

b. False

25. A straightforward statistical test for purchasing power parity can be implemented by applying
regression analysis to historical data on inflation differentials and exchange rates.

a. True (Correct Answer)

 b. False

Chapter 6
Câu 1: Exchange rates depend on:

A. Relative inflation rates

B. Relative interest rates

C. Relative trade deficits

D. All of the above

Câu 2: Which of the following transactions does not generate a demand for foreign exchange?

A. Importing goods and services

B. Domestic investors investing abroad

C. Foreign investors buying stocks of domestic companies

D. Foreign investors transferring capital and profits back to their home country

Câu 3: Fill in the blanks: "If interest rates in the U.S. rise compared to interest rates in Germany, the
demand for EUR in the U.S. will ________, and the supply of EUR in the U.S. will ________."

A. Decrease, Increase

B. Increase, Decrease

C. Decrease, Decrease

D. Increase, Increase

Câu 4: Fill in the blanks: "If the Japanese Yen (JPY) is expected to appreciate against the U.S. Dollar (USD)
with interest rates in the U.S. and Japan being similar, investors will borrow _____ and invest in _____."

A. JPY; USD

B. JPY; JPY

C. USD; JPY

D. USD; USD

Câu 5: Country X regularly engages in trade transactions with the U.S. (such as importing and exporting).
Country Y regularly engages in financial transactions with the U.S. (such as financial investments). With
other factors constant, when interest rates in the U.S. rise, it will affect the exchange rate between the
U.S. and country X more than between the U.S. and country Y.

A. True

B. False
Câu 6: Assuming inflation in Australia increases compared to inflation in the U.S., what are the effects on
the supply, demand, and equilibrium exchange rate of the Australian Dollar (AUD)?

A. Supply of AUD will increase, demand for AUD will decrease, and the AUD will depreciate.

B. Supply of AUD will increase, demand for AUD will decrease, and the AUD will appreciate.

C. Supply of AUD will decrease, demand for AUD will increase, and the AUD will depreciate.

D. Supply of AUD will increase, demand for AUD will decrease, and the AUD will appreciate.

Câu 7: Real interest rates adjust nominal interest rates through:

A. Exchange rate changes

B. Increasing income

C. Inflation

D. Government control

Câu 8: Assuming all other factors are constant, which combination is least likely to affect the value of the
USD?

A. U.S. inflation decreases, accompanied by an increase in real interest rates in the U.S.

B. U.S. inflation decreases, accompanied by an increase in nominal interest rates in the U.S.

C. U.S. inflation increases, accompanied by an increase in nominal interest rates in the U.S.

D. Singapore inflation increases, accompanied by an increase in real interest rates in the U.S.

Câu 9: The AUD/USD exchange rate today is 0.73. Yesterday, the AUD/USD exchange rate was 0.69.
Compared to yesterday, the value of the AUD has:

A. Decreased by 5.8%

B. Decreased by 4.0%

C. Increased by 5.8%

D. Decreased by 5.8%

Câu 10: If inflation and interest rates in the U.S. increase while inflation and interest rates in Japan
remain unchanged, the value of the Yen against the USD will:

A. Increase

B. Decrease

C. Remain unchanged

D. Cannot be determined

Chapter 7
Câu 1: Some countries choose to maintain the value of their currency against a single foreign currency or
a group of foreign currencies.

A. Fixed exchange rate regime

B. Fully floating exchange rate regime

C. Managed floating exchange rate regime

D. Pegged exchange rate regime

Câu 2: What exchange rate policy is the Vietnamese government currently implementing?

A. Fixed

B. Fully floating

C. Managed floating

D. Pegged

Câu 3: What exchange rate regime did the United States operate under for the U.S. Dollar from 1944 to
1971?

A. Fixed

B. Fully floating

C. Managed floating

D. Pegged

Câu 4: Which of the following strategies would be successful in neutralizing the Fed's intervention if they
want to depreciate the value of the U.S. Dollar?

A. Sell dollars in the foreign exchange market and buy government bonds

B. Sell dollars in the foreign exchange market and sell government bonds

C. Buy dollars in the foreign exchange market and buy government bonds

D. Buy dollars in the foreign exchange market and sell government bonds

Nam mô a di đà phật, ông bà tổ tiên, mười phương chư Phật phù hộ độ trì cho con làm bài tốt.
Câu 5: Suppose the Fed wants to increase U.S. exports, which strategy below will help increase U.S.
exports?

A. Increase interest rates

B. Increase the money supply by selling government bonds

C. Decrease interest rates

D. Decrease the money supply by selling government bonds

Câu 6: Suppose the Fed wants to reduce inflation in the U.S. Which strategy below will help reduce
inflation?

A. Increase interest rates

B. Increase the money supply by selling government bonds

C. Decrease interest rates

D. Decrease the money supply by selling government bonds

Câu 7: The European Monetary System is described as:

A. Fully floating

B. Exchange rate target zone

C. Not fully floating

D. Managed floating

Câu 8: Under the fixed exchange rate system, if a country has a relatively higher inflation rate compared
to a country it trades with, then:

A. The international balance of payments will be in deficit because its goods become more expensive.

B. The domestic currency supply in the foreign exchange market will increase.

C. It increases the downward pressure on the domestic currency.

D. All of the above are correct.

Câu 9: The collapse of the Bretton Woods system was partly due to:

A. The oil crisis

B. Loose U.S. monetary policy

C. Excessive trade deficit of the U.S.

D. The U.S. abandoning the gold standard

Câu 10: Under the fixed exchange rate regime, central banks will maintain the value of their currency by:

A. Reducing the money supply for currencies that are overpriced and increasing the money supply for
those undervalued.

B. Buying overpriced currencies on the foreign exchange market and selling undervalued currencies.

C. All of the above are correct.

D. All of the above are wrong.

Chapter 8
Câu 1: The factors in the infeasible trio include:

A. Monetary independence.

B. Exchange rate stability.

C. Financial integration.

D. All of the above are correct.

Câu 2: What is the main message of the Impossible Trinity Theory?

A. Choose financial integration.

B. It is impossible to simultaneously satisfy all three objectives: Monetary independence, Exchange rate
stability, and Financial integration.

C. Lack of tools in macroeconomic management.

D. All of the above are wrong.

Câu 3: When the government chooses Exchange Rate Stability and Financial Integration, it means:

A. Increased degree of monetary independence.

B. Losing the tools to adjust domestic interest rates independently of foreign interest rates.

C. The exchange rate operates on market principles.

D. Both A and B are correct.

Câu 4: When the government chooses Monetary Independence and Financial Integration, it means:

A. Abandoning the goal of exchange rate stability.

B. The government has the right to set interest rates.

C. The exchange rate operates on market principles.

D. Both A and C are correct.

Câu 5: When the government chooses Exchange Rate Stability and Monetary Independence, it means:

A. The government establishes capital controls.

B. The government has the right to set interest rates.

C. The exchange rate operates on market principles.

D. Both A and B are correct.

Câu 6: The expanded studies of the Impossible Trinity include:

A. Trilemma extension theory

B. Quadrilateral theory

C. Impossible Trinity and Foreign Exchange Reserves

D. All of the above are correct.

Câu 7: In their 2008 study, Chinn and Ito used KAOPEN, MI, and ERS to measure:

A. Degree of monetary independence, Degree of exchange rate stability, Degree of financial integration.

B. Degree of monetary independence, Degree of financial integration, Degree of exchange rate stability.

C. Degree of exchange rate stability, Degree of financial integration, Degree of monetary independence.

D. Degree of financial integration, Degree of monetary independence, Degree of exchange rate stability.

Câu 8: In the Impossible Trinity, the intermediate exchange rate regime is understood as:

A. Fixed exchange rate and Capital controls.

B. Floating exchange rate and Capital controls.

C. A or B.

D. All of the above are wrong.

Câu 9: The downside of Financial Integration is:

A. Economic instability.

B. High inflation risk.

C. The government cannot actively use monetary policy tools.

D. All of the above are correct.

Câu 10: The Impossible Trinity theory is developed based on:

A. Mundell-Fleming model

B. IS-LM model

C. Both A and B are correct.

D. Both A and B are wrong.

CÂU HỎI TRẮC NGHIỆM CHƯƠNG 9

Câu 1: The main cause of a currency crisis is:

A. The liquidity crisis of the commercial banking system.

B. Imbalance in the balance of payments when the current account deficit is too large, leading to an
imbalance of supply and demand in the foreign exchange market.

C. People withdrawing money in large quantities.

D. The Central Bank tightening the money supply excessively.

Câu 2: The main cause of a banking crisis is:

A. The liquidity crisis of the commercial banking system.

B. Imbalance in the balance of payments when the current account deficit is too large, leading to an
imbalance of supply and demand in the foreign exchange market.

C. Borrowers misusing borrowed capital.

D. The Central Bank tightening the money supply excessively.

Câu 3: Another name for a currency crisis is:

A. Exchange rate crisis.

B. Balance of payments crisis.

C. Debt crisis.

D. A and B are correct.

Câu 4: According to the first-generation crisis model, the starting point leading to a crisis is:

A. Unstable macroeconomic policies.

B. Speculative attacks.

C. The government pursuing a fixed exchange rate regime.

D. A and C are correct.

Câu 5: Financial crisis includes:

A. Currency crisis.

B. Banking crisis.

C. Debt crisis.

D. All of the above are correct.

Câu 6: Adverse selection occurs when:

A. Information asymmetry problems arise after the transaction is completed.

B. Occurs when lenders have little information from borrowers.

C. Information asymmetry problems arise before the transaction is completed.

D. B and C are correct.

Câu 7: Ethical risk occurs when:

A. Borrowers misuse borrowed capital and invest in high-risk projects.

B. Borrowers have engaged in high-risk projects and are actively seeking loans.

C. Lenders try to follow the guidance of someone they trust in the market.

D. B and C are correct.

Câu 8: The direct cause of a banking crisis is:

A. Information asymmetry problems.

B. Unfavorable shocks from outside.

C. The process of financial liberalization.

D. All of the above are correct.

Câu 9: The direct cause of the 1997 Thai financial crisis was:

A. Attack on the Bath currency.

B. Mass capital withdrawal.

C. Both A and B are correct.

D. Both A and B are wrong.