Câu 1Nhận biết
Question 1: The spot foreign exchange market is where currencies are bought and sold for delivery:
- AOn a specified future date.
- BAfter 30 days from the transaction date.
- CTypically within two business days from the transaction date.
- DOnly at the end of each quarter.
Câu 2Nhận biết
Question 2: If the CAD/USD (Canadian Dollar/US Dollar) exchange rate increases from 0.7800 to 0.7850, it means that:
- AThe CAD has appreciated relative to the USD.
- BThe CAD has depreciated relative to the USD.
- CThe USD has appreciated relative to the CAD.
- DBoth currencies have depreciated.
Câu 3Nhận biết
Question 3: A Japanese company invests in building a new factory in Vietnam. This transaction will be recorded in Vietnam’s Balance of Payments (BOP) as:
- AA debit in the Current Account.
- BA credit in the Capital and Financial Account (Direct Investment).
- CA credit in the Current Account.
- DA debit in the Capital and Financial Account.
Câu 4Nhận biết
Question 4: According to Purchasing Power Parity (PPP) theory, if inflation in country A is higher than in country B, the currency of country A is expected to:
- AAppreciate relative to the currency of country B.
- BDepreciate relative to the currency of country B.
- CRemain unchanged in value relative to the currency of country B.
- DFluctuate randomly and unpredictably.
Câu 5Nhận biết
Question 5: An Australian company has a payable of GBP 250,000 to a UK supplier due in 2 months. To hedge against the risk of the GBP appreciating against the AUD, the company should:
- ABuy GBP 2-month forward.
- BSell GBP 2-month forward.
- CBuy a put option on GBP.
- DBorrow AUD and deposit USD.
Câu 6Nhận biết
Question 6: Which of the following risks relates to the uncertainty about the domestic currency value of a company’s future expected operating cash flows due to unanticipated changes in exchange rates?
- ATransaction exposure.
- BTranslation exposure.
- CEconomic exposure.
- DCredit risk.
Câu 7Nhận biết
Question 7: A Samurai bond is a bond:
- AIssued by a Japanese company in USD in the European market.
- BIssued by a foreign entity in Japanese Yen (JPY) in the Japanese market.
- CIssued by a Japanese company in JPY in the U.S. market.
- DIssued by the U.S. government in JPY.
Câu 8Nhận biết
Question 8: Special Drawing Rights (SDRs) of the International Monetary Fund (IMF) DO NOT function as:
- AAn international reserve asset.
- BA unit of account of the IMF.
- CA currency used for everyday international trade transactions by individuals and businesses.
- DA means for IMF member countries to supplement their official foreign exchange reserves.
Câu 9Nhận biết
Question 9: In which of the following international payment methods does the exporter bear the highest risk if the importer fails to pay after receiving the goods?
- ALetter of Credit.
- BOpen Account.
- CAdvance Payment.
- DDocuments against Payment (D/P).
Câu 10Nhận biết
Question 10: Under the CIF (Cost, Insurance and Freight) Incoterm, the seller is NOT responsible for:
- APaying the cost of transporting the goods to the named port of destination.
- BProcuring marine insurance for the goods to the port of destination.
- CClearing the goods for export.
- DBearing all risks of loss or damage to the goods until they arrive at the port of destination. (Risk transfers at port of shipment).
Câu 11Nhận biết
Question 11: The primary purpose of a multinational corporation (MNC) using “Netting” in its cash management is to:
- AIncrease speculation on exchange rate movements.
- BMinimize the number and value of internal fund transfers, thereby reducing transaction costs and related exchange rate risk.
- CIncrease the amount of idle cash held by each subsidiary.
- DSolely meet auditing requirements.
Câu 12Nhận biết
Question 12: “Transfer pricing” is a tool that multinational corporations can use to:
- AOnly determine the retail price for end consumers.
- BAllocate profits among member units in different countries, potentially for global tax optimization and cash flow management.
- COnly pay external suppliers.
- DOnly value the company’s fixed assets.
Câu 13Nhận biết
Question 13: Which international monetary system was based on the principle of an “adjustable peg” with the U.S. Dollar at its center?
- AThe classical gold standard.
- BThe Bretton Woods system.
- CThe initial European Monetary System (EMS).
- DA pure floating exchange rate regime.
Câu 14Nhận biết
Question 14: According to Uncovered Interest Rate Parity (UIRP), if the interest rate in country A (currency A) is higher than in country B (currency B), currency A is expected to:
- ADepreciate relative to currency B.
- BAppreciate relative to currency B.
- CMaintain a stable value.
- DFluctuate unpredictably.
Câu 15Nhận biết
Question 15: The “Impossible Trinity” in international economics states that a country cannot simultaneously maintain all three of which of the following?
- AA fixed exchange rate, an independent monetary policy, and free international capital mobility.
- BLow inflation, low unemployment, and high economic growth.
- CA trade surplus, low public debt, and abundant foreign exchange reserves.
- DAn efficient stock market, a stable banking system, and no capital controls.
Câu 16Nhận biết
Question 16: A company buys a Put option on the Euro (EUR) with an exercise price of USD 1.1500/EUR. The company will profit from exercising this option (excluding the premium paid) if the spot exchange rate in the market is:
- AUSD 1.1550/EUR.
- BUSD 1.1450/EUR.
- CUSD 1.1500/EUR.
- DUSD 1.1600/EUR.
Câu 17Nhận biết
Question 17: Foreign Direct Investment (FDI) is typically undertaken with the objective of:
- AOnly earning short-term financial returns.
- BParticipating in the management, operation, and control of a business enterprise in a foreign country.
- COnly diversifying an investment portfolio.
- DOnly avoiding domestic taxes.
Câu 18Nhận biết
Question 18: The collapse of the Bretton Woods system in the early 1970s led to a more widespread adoption of which exchange rate regime?
- AThe gold standard.
- BFloating exchange rate regimes (including managed floats).
- CCurrency board arrangements.
- DRigidly fixed exchange rate regimes.
Câu 19Nhận biết
Question 19: In an international payment by Letter of Credit (L/C), which bank is responsible for examining the documents presented by the exporter and making payment if the documents comply with the L/C terms?
- AThe Issuing Bank or the Confirming Bank (if any).
- BOnly the Advising Bank.
- COnly the Collecting Bank.
- DThe Applicant’s (Importer’s) Bank only when requested.
Câu 20Nhận biết
Question 20: Which of the following Incoterms requires the seller to bear all costs (including import duties) and risks to deliver the goods to a named place in the buyer’s country?
- AEXW (Ex Works).
- BFOB (Free On Board).
- CCIF (Cost, Insurance and Freight).
- DDDP (Delivered Duty Paid).
Câu 21Nhận biết
Question 21: When a multinational corporation (MNC) evaluates a foreign investment project, adjusting the discount rate for country risk is necessary because:
- AInflation rates differ across countries.
- BFactors such as political instability, capital controls, or the risk of expropriation can significantly affect the project’s cash flows.
- CLabor costs differ across countries.
- DAccounting regulations differ across countries.
Câu 22Nhận biết
Question 22: “Arbitrage” in the foreign exchange market is an activity aimed at profiting from:
- ACorrectly predicting long-term exchange rate trends.
- BSmall differences in the price of the same currency in different markets or between currency pairs to earn a nearly risk-free profit.
- CRandom and unpredictable price fluctuations.
- DInside information about monetary policy decisions.
Câu 23Nhận biết
Question 23: Which of the following international credit markets typically involves banks accepting deposits and making loans in currencies outside the country of issue of those currencies?
- AThe Eurocurrency market.
- BThe domestic government bond market.
- CThe primary equity market.
- DThe real estate mortgage market.
Câu 24Nhận biết
Question 24: A “leading” policy in receiving foreign currency RECEIVABLES is adopted by a multinational corporation when:
- AIt expects the foreign currency to depreciate (collecting early to avoid a lower rate).
- BIt expects the foreign currency to appreciate.
- CDomestic interest rates are very low.
- DThe company has a large amount of idle cash.
Câu 25Nhận biết
Question 25: UCP (Uniform Customs and Practice for Documentary Credits) is a set of rules issued by the International Chamber of Commerce (ICC) to:
- ARegulate standard delivery terms.
- BCreate a uniform set of rules and practices for Documentary Credit transactions, helping to minimize disputes and enhance trust.
- CRegulate the activities of international financial markets.
- DEstablish international standards for product quality.
Câu 26Nhận biết
Question 26: Economic exposure for a multinational corporation does NOT include the effect of exchange rate fluctuations on:
- AExpected future sales volume.
- BExpected future product prices.
- CExpected future input costs.
- DThe book value of fixed assets abroad when consolidating financial statements (this is translation exposure).
Câu 27Nhận biết
Question 27: According to Dunning’s O-L-I model, “Internalization advantage” explains why a company chooses to undertake Foreign Direct Investment (FDI) instead of:
- AOnly exporting its products.
- BLicensing its technology to a foreign partner.
- CEntering into a contract manufacturing agreement with a foreign producer.
- DAll of the above. (FDI is chosen when the benefits of controlling foreign operations outweigh the costs compared to other modes).
Câu 28Nhận biết
Question 28: A “contagion” financial crisis can be defined as:
- AA simultaneous decline of all stock markets worldwide.
- BThe spread of financial shocks or instability from one country or group of countries to others, often through financial linkages or market sentiment.
- CA simultaneous increase in interest rates by central banks.
- DA mass bankruptcy of small and medium-sized enterprises.
Câu 29Nhận biết
Question 29: Forfaiting is a trade finance method in which the exporter sells its medium to long-term receivables (often guaranteed) to a forfaiter and receives immediate cash on a:
- AFull recourse basis if the buyer defaults.
- BNon-recourse basis to the exporter.
- CLimited partial recourse basis.
- DBasis dependent on the type of goods exported.
Câu 30Nhận biết
Question 30: The primary objective of multinational corporations (MNCs) carefully establishing “Transfer pricing” policies is:
- AOnly to maximize the profits of each individual subsidiary.
- BTo maximize the after-tax profits of the entire group, comply with tax and customs laws, and evaluate the performance of units.
- COnly to minimize production costs in foreign subsidiaries.
- DOnly to simplify accounting and financial reporting.