International Financial Management Study Set 1
Quiz 21: International Cash Management
4)which of the Following Is True
4)Which of the following is true? A) Some countries may prohibit netting. B) Some countries may prohibit forms of leading and lagging. C) A and B D) None of the above
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5)According to the text: A) banks in the U.S. are prohibited from facilitating cash transfers for MNCs. B) banks in most non-U.S. countries are more advanced than the U.S. in facilitating cash transfers for MNCs. C) an MNC with subsidiaries in several different countries has no problems in coordinating its cash transfers since a uniform global banking system exists. D) none of the above
6.In what is known as dynamic hedging, banks always hedge open positions in any foreign currencies.
7)Assume the U.S. one-year interest rate is 11% and the French one-year interest rate is 18%. The break-even level of depreciation in the euro at which the U.S. and French investments would exhibit the same return to a U.S. investor is: A) about 5.1%. B) about 6.8%. C) about 6.3%. D) about 5.9%.
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