普格尔《国际金融(第17版)》试卷 (21)[8页].pdf

International Economics, 17e (Pugel) Chapter 21 International Lending and Financial Crises 1) ________ refer(s) to purchasing shares in a foreign enterprise largely owned and controlled by the investor. A) Official capital flows B) Direct investment C) Short-term lending D) Portfolio investment 2) Official lending and investing are usually done by A) multinational enterprises. B) private individuals when purchasing government bonds. C) governments or multilateral institutions. D) commercial banks. 3) From pre-World War II years to the early 1980s, which one of the following countries was the principal lender in the world? A) The United States B) The United Kingdom C) Germany D) Japan 4) The largest net international lenders since 1980 have been A) the United States and china. B) the United Kingdom and France. C) Russia and Saudi Arabia. D) Japan and Germany. 5) From the early 1980s through today, the largest net borrower in the world has been A) the United States. B) the United Arab Emirates. C) China. D) Japan. 6) Since 2000, developing countries received large net capital inflows in the form of A) foreign direct investments. B) short-term lending. C) official loans from foreign governments and the International Monetary Fund (IMF). D) debt service. 1 Copyright 2020 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 7) Which of the following is a major benefit of international lending? A) It eliminates exchange rate risk in financial activities. B) It requires reducing restrictive international trade practices in the lending and the borrowing countries. C) It allows both small countries and large countries to apply similar levels of optimal taxes on the international loans. D) It allows some lenders to shift their lending to foreign borro