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Test Bank for Multinational Business Finance 16th Edition By (Eiteman/Stonehill/Moffett), ISBN: 9780137496013, All 18 Chapters Covered ||Complete A+ Guide $17.99
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Test Bank for Multinational Business Finance 16th Edition By (Eiteman/Stonehill/Moffett), ISBN: 9780137496013, All 18 Chapters Covered ||Complete A+ Guide
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  • Multinational Business Finance 16th Ed. By Eiteman

Test Bank for Multinational Business Finance 16th Edition By (Eiteman/Stonehill/Moffett), ISBN: 9780137496013, All 18 Chapters Covered ||Complete A+ Guide

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  • November 10, 2024
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,Multinational fBusiness fFinance, f16e f(Eiteman/Stonehill/Moffett)
Chapter f1 Multinational fFinancial fManagement: fOpportunities fand fChallenges

1.1 The fGlobal fFinancial fMarketplace

1) Financial fglobalization fhas fNOT fresulted fin:
A) continuing fimbalances fof fbalance fof fpayments.
B) an fincrease fin fquantity fand fspeed fin fthe fflow fof fcapital facross fthe fworld.
C) capital fmarkets fless fopen fand fa fdecrease fin fthe favailability fof fcapital ffor fmany
forganizations.
D) uniform fways fof fownership, fcontrol, fand fgovernance facross fthe
fworld. fAnswer: f D
Diff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

2) Financial fglobalization fhas fNOT fresulted fin:
A) continuing fimbalances fof fbalance fof fpayments.
B) an fincrease fin fquantity fand fspeed fin fthe fflow fof fcapital facross fthe fworld.
C) capital fmarkets fmore fopen fand fan fincrease fin fthe favailability fof fcapital ffor
fmany forganizations.
D) an fincrease fin fthe fflow fof fcapital finto fand fout fof findustrialized
fmarkets. fAnswer: f C
Diff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

3) The finstitutions fof fglobal ffinance fare:
A) central fbanks.
B) commercial fbanks.
C) investment fbanks.
D) All fof fthe fabove fare finstitutions fof fglobal
ffinance. fAnswer: f D
Diff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

,4) A fmajor fcost favoided fin fthe feurocurrency fmarkets fis fthe fpayment fof fdeposit
finsurance ffees, fsuch fas:
A) Federal fDeposit fInsurance fCorporation f— fFDIC.
B) Office fof fthe fComptroller fof fthe fCurrency f— fOCC.
C) International fMonetary fFund f— fIMF.
D) World fBank f—
fWB. fAnswer: f A
Diff: f2
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

5) The fmodern feurocurrency fmarket fwas fborn fshortly fafter:
A) World fWar fII.
B) World fWar fI.
C) Korean fWar.
D) Bosnian
fWar. fAnswer:
f A f Diff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

6) The freference frate fof finterest fin fthe feurocurrency fmarket fis fthe:
A) London fInterbank fOffered fRate.
B) Prima frate.
C) Federal ffunds frate.
D) Treasury
frate. fAnswer:
f A f Diff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

7) Interest fspreads fin fthe feurocurrency fmarket fare fsmall ffor fmany freasons fEXCEPT:
A) Eurocurrency floans fare fsecured floans.
B) Eurocurrency fdeposits fand floans fare fmade fin famounts fof f$500,000 for fmore fon fan
funsecured fbasis.
C) The feurocurrency fis fa fwholesale fmarket.
D) Borrowers fare fusually flarge fcorporations for fgovernment
fentities. fAnswer: f A
Diff: f2
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

, 8) Multinational fenterprises f(MNEs) fare ffirms, fboth ffor-profit fcompanies fand fnot-for-profit
forganizations, fthat fhave foperations fin fmore fthan fone fcountry, fand fconduct ftheir fbusiness
fthrough fforeign fsubsidiaries, fbranches, for fjoint fventures fwith fhost fcountry ffirms.
Answer: f TRUE
fDiff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

9) Ownership, fcontrol, fand fgovernance fchanges fradically facross fthe fworld. fThe fpublicly
ftraded fcompany fis fnot fthe fdominant fglobal fbusiness forganization—the fprivately fheld for
ffamily-owned fbusiness fis fthe fprevalent fstructure—and ftheir fgoals fand fmeasures fof
fperformance fdiffer fdramatically.
Answer: f TRUE
fDiff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

10) The fsecurities fat fthe fheart fof fthe fglobal fcapital fmarkets fare fthe fMortgage fBacked
fSecurities f(MBS). fThe fhealth fand fsecurity fof fthe fglobal ffinancial fsystem frely fon fthe
fquality fof fthese fsecurities.
Answer: f FALSE
fDiff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

11) The fU.S. fdollar fhas fbeen fthe ffocal fpoint fof fcurrency ftrading fsince fthe f1940s. fAs
fa fresult, fmost fof fthe fworld's fcurrencies fare fquoted fagainst fthe fdollar.
Answer: f TRUE
fDiff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

12) Several fof fthe fworld's fmajor fcurrency fexchange frates ffollow fa fspecific fquotation
fconvention fthat fis fthe fresult fof ftradition fand fhistory. fThe fexchange frate fbetween fthe
fU.S. fdollar fand fthe feuro fis falways fquoted fas f"dollars fper feuro."
Answer: f TRUE
fDiff: f1
L.O.: f 1.1 fThe fGlobal fFinancial fMarketplace
fSkill: f Recognition
AACSB: f f Application fof fknowledge

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