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just read the English part (4) In New York FOREX market, if Smith has been buying and selling euros for dollars throughout the day. By

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(4) In New York FOREX market, if Smith has been buying and selling euros for dollars throughout the day. By early afternoon his position is as follows Dollar purchases $100,000,000 Dollar sales $80,000,000 In order to balance his position. He will ,, , , A. buy dollars B. fewer dollar purchases and more dollar sales C. sell euros D. do nothing ( ) 5) In New York FOREX market, if you buy 10 billion U.S. dollars at 30-day while sell this 10 billion U.S. dollars at 180-day. This transaction is called ,100 100 A. forward B. arbitrage C. buy and sell D. swap ( ) 6) When the foreign inflation rate decreases, according to monetary approach, under flexible exchange rate, it may cause ,, , A. domestic currency depreciate B. domestic currency appreciate C. foreign currency appreciate D. the foreign balance-of-trade to be worse ( ) 7) Which one is the character of foreign futures? A. tailors made B. OTC transaction C. contracted by buyers and sellers D. standard contract

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