Part I – Multiple choice questions (3 points): Students choose the best option (1/4 point)
and give the brief explanation (1/4 point) for each question:
Question 1: The direct intervention used to regulate the exchange rate is:
a) Regulating the supply and demand of imported and exported goods through
international trade policies;
b) Measures to manage buying, selling and intervening in foreign currency supply
and demand;
c) Change of interest rate through regulation of money supply - demand;
d) Not the above measures;
Question 2: The spot rate is defined as:
a) Exchange rate is applied and recorded in economic contracts;
b) Exchange rate is applied in the spot transactions;
c) The exchange rate is applied in the derivative transactions with a period of less
than 3 months;
d) The exchange rate is determined by the interbank money market;
Question 3: The adjustment of the central exchange rate between VND (VND)
against the US dollar (USD) of the State Bank of Vietnam since early 2020 due to
the impact of Covid 19 epidemic may have impact on:
a) Increase the inflation rate in Vietnam in the last 6 months of 2020;
b) Increase net exports and improve Vietnam's current account deficit by 2020;
c) Reduce the deficit of international payment balance by 2020;
d) All of the above impacts;
e) None of the above impacts;
Question 4: Assuming that Vietnam continues to peg the exchange rate to the US
dollar (USD), when the trade war between the US and China continues to develop
complicatedly, the exchange rate between VND ( VND) and USD (USD) from the
second half of 2020 will have fluctuations:
a) Increasing the price of VND and decreasing the price of USD;
b) Increase the price of USD, decrease the price of VND;
c) Both currencies change, so the exchange rate fluctuates slightly;
d) There is no basis to determine;
Part II – Optional Questions (3 points): Students choose only one question below:
Question 1: Analyzing the structure of the current account balance of an open market
economy. The significance of the research problem for Vietnam in the current period.
Question 2: Analyzing the role and basic operations of the forex market, on that basis,
please comment on the current situation of the foreign exchange market in Vietnam.
Part III – Compulsory Excercises (4 points):
Exercise 1: Mr M has the amount of 12.500.000 CHF. The information on the market as
below:
Market 1: EUR/USD=1,1245/75
Market 2: USD/CHF=1,5643/42
Market 3: EUR/CHF=1,7890/10
Do business and determine Arbitrages profit for Mr. M without transaction
costs.