NO.PZ2023041102000028
问题如下：
Daltonia is a medium sized developing country. Naim Birol, Minister of Finance for Daltonia, wants to be on the lookout for situations which might trigger a currency crisis. He and his colleague Pamuk discuss recent economic developments that might provide potential warning signs.
Birol: “Moving our currency to a floating exchange rate has reduced our susceptibility to a currency crisis.”
Pamuk: “Banking crises often precede currency crises, but our banking sector has grown and strengthened substantially by offering foreign denominated savings accounts to foreign investors and lending those funds for domestic infrastructure investments.”
Pamuk: “I’m concerned that the ratio of exports to imports has been increasing recently and the ratio of M2 to bank reserves has been falling.”
Which of the recent economic developments discussed by Birol and Pamuk is most likely to lead to a currency crisis?
选项：
A.The banking sector B.The exchange rate system C.The trend in terms of trade and monetary ratios解释：
A is correct. Pamuk’s description of growth in the banking sector coupled with short-term funding denominated in foreign currency can lead to a currency crisis.
B is incorrect.Countries with fixed or partially fixed exchange rates are more susceptible.
C is incorrect.Broad measures of money such as M2 are likely to be rising (not falling) just prior to a crisis.
Birol: “Moving our currency to a floating exchange rate has reduced our susceptibility to a currency crisis.”——这句话为啥不是指当前该国家的汇率是固定的？所以move当前汇率to浮动的，使得他们对货币危机的怀疑变少？
Pamuk: “Banking crises often precede currency crises, but our banking sector has grown and strengthened substantially by offering foreign denominated savings accounts to foreign investors and lending those funds for domestic infrastructure investments.” 这句话有点没理解是什么意思？
