According to Goschen’s Theory of International Indebtedness, which type of indebtedness directly affects foreign exchange supply-demand and exchange rates?
长期固定借贷（Long-term fixed indebtedness）
短期流动借贷（Short-term floating indebtedness）
政府间长期援助借贷（Long-term government aid indebtedness）
企业长期投资借贷（Long-term corporate investment indebtedness）
If the price of a Big Mac is $5 in the US and ¥30 in China, what is the USD/RMB exchange rate based on absolute PPP?
1美元=5元人民币（$1=¥5）
1美元=6元人民币（$1=¥6）
1美元=7元人民币（$1=¥7）
1美元=8元人民币（$1=¥8）
Given China’s annual inflation rate is 2% and the US’s is 5%, what is the trend of RMB against USD based on relative PPP?
RMB appreciates
RMB depreciates
Exchange rate remains unchanged
Cannot be determined
According to Covered Interest Rate Parity, if China’s 1year interest rate (2%) is lower than the US(4%), what will the RMB/USD forward exchange rate show?
人民币远期升水（RMB forward premium）
人民币远期贴水（RMB forward discount）
远期汇率与即期汇率相等（Forward rate equals spot rate）
远期汇率随机波动（Forward rate fluctuates randomly）
What is the core assumption of the absolute PPP theory?
Perfect capital mobility
Law of One Price holds
Global uniform interest rates
Fixed exchange rate system