1. Single-choice questions (5 points for each, 20 points in total) 1) In the balance of payments, credit items refer to ( ). [A] Increase in assets and increase in liabilities [B Increase in assets and decrease in liabilities [C] Decrease in assets and increase in liabilities [D] Decrease in assets and decrease in liabilities 2) In the balance of payments, the most important accounted). [A] Current account [B] Capital account IC] Statistical discrepancy account D] Official reserves 3) The impact of the balance of payments surplus is() [A] Depreciation of the local currency exchange rate is bad for exports [B] Depreciation of the local currency exchange rate is good for exports [C] Appreciation of the local currency exchange rate is good for exports [D] Appreciation of the local currency exchange rate is bad for exports 4) The most important international reserve currency is (). [A] US dollar [B] English pound (C) Euro ID) Japanese yen- 2. Multiple-choice questions (5 points for each, 10 points in total) 1). If a country adopts the direct quotation method, ( (Al the amount of foreign currency is fixed [B] the amount of domestic currency is fixed- [C] the amount of the foreign currency varies with changes in the value of the foreign currency or the value of the domestic currency [D] the amount of the domestic currency varies with changes in the value of the foreign currency or the value of the domestic currency 2) Other conditions being equal(). [Al countries with low interest rates get a forward exchange rate premium (rite in forward rate) [B] countries with high interest rates get a forward exchange rate discount (decrease in forward rate) [C] countries with low interest rates get a forward exchange rate discount (decrease in forward rate) [D] the difference between the forward and spot rates is determined by the difference in interest rates between the two currencies and as roughly equal to the difference in interest rates