問題詳情
25. Since Taiwan is not a member of the International Monetary Fund, the Central Bank of the ROC(Taiwan) tends to control financial flows and sets exchange rate target zones. Which of thefollowing features would be most likely found in this system?
(a) Currencies would be allowed to fluctuate within bands.
(b) These bands would be very narrow, say no more than ±1%.
(c) Central parity among currencies with Taiwan Dollar would be set so as to maintain it at the“fundamental equilibrium exchange rate.”
(d) The central parity would be adjusted very infrequently.
(e) There would be “soft buffers,” with exchange rates occasionally allowed to move outside theirbands.
(A) (b) and (d)
(B) (a), (c), and (e)
(C) (a), (b), and (c)
(D) (c) and (d)
參考答案
答案：B
難度：計算中-1
書單：沒有書單，新增
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題意說央銀sets exchange rate target zones.因此匯率一定會在這個區間波動O(a) Currencies would be allowed to fluctuate within bands.X(b) These bands would be very narrow, say no more than ±1%區間不太可能只有1%，因為太窄央銀操作就太明顯Ｏ (c) Central parity among currencies with Taiwan Dollar would be set so as to maintain it at the “fundamental equilibrium exchange rate.”Ｘ (d) The central parity would be adjusted very infrequently.央銀會依經濟情況，調整中間價Ｏ (e) There would be “soft buffers,” with exchange rates occasionally allowed to move outside their bands.會有“軟緩衝”，匯率偶爾會超出其範圍故選(B) (a), (c), and (e)