CHAPTER_17 MULTINATIONAL FINANCIAL MANAGEMENT (Fundamentals of Financial Management) TEST BANK

Apr 2nd, 2015
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CHAPTER_17 MULTINATIONAL FINANCIAL MANAGEMENT (Fundamentals of Financial Management) TEST BANK COMPLETE

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CHAPTER 17: MULTINATIONAL FINANCIAL MANAGEMENT1. Multinational financial management requires that financial analysts consider the effects of changing currency values.a. Trueb. FalseANSWER: True2. Legal and economic differences among countries, although important, do NOT pose significant problems for most multinational corporations when they coordinate and control worldwide operations and subsidiaries.a. Trueb. FalseANSWER: False3. When the value of the U.S. dollar appreciates against another country's currency, we may purchase more of the foreign currency with the U.S. dollar.a. Trueb. FalseANSWER: True4. The United States and most other major industrialized nations currently operate under a system of floating exchange rates.a. Trueb. FalseANSWER: True5. Exchange rate quotations consist solely of direct quotations.a. Trueb. FalseANSWER: False6. Calculating a currency cross rate involves determining the exchange rate for two currencies by using a third currency as a base.a. Trueb. FalseANSWER: True7. A Eurodollar is a U.S. dollar deposited in a bank outside the United States.a. Trueb. FalseANSWER: True8. LIBOR is an acronym for London Interbank Offer Rate, which is an average of interest rates offered by London banks to smaller U.S. corporations on all deposits.a. Trueb. FalseANSWER: False9. Exchange rate risk is the risk that the cash flows from a foreign project, when converted to the parent company's currency, will

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