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Taco Quiz 1

Quiz by Dương Đăng Khoa

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40 questions
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  • Q1
    Due to the risks involved in international business, firms should
    maintain international business to no more than 35% of total business
    None of above
    maintain international business to no more than 20% of total business
    only consider international business in major countries
    30s
  • Q2
    With regard to corporate goals, an MNC is mostly concerned with maximizing ____, and a purely domestic firm is mostly concerned with maximizing ____.
    short-term earnings; sales volume
    shareholder wealth; short-term earnings
    shareholder wealth; shareholder wealth
    short-term earnings; shareholder wealth
    30s
  • Q3
    For the MNC, agency costs are typically
    the same as agency costs of a small purely domestic firm
    larger than agency costs of a small purely domestic firm
    non-existent
    smaller than agency costs of a small purely domestic firm
    30s
  • Q4
    The valuation of an MNC should rise when an event causes the expected cash flows from foreign to ____ and when foreign currencies denominating these cash flows are expected to ____.
    increase; appreciate
    decrease; appreciate
    increase; depreciate
    decrease; depreciate
    30s
  • Q5
    An increase in the current account deficit will place ____ pressure on the home currency value, other things equal
    no
    upward
    upward or downward (depending on the size of the deficit)
    downward
    30s
  • Q6
    The World Bank was established to_____
    enhance development solely in Asia through grants.
    enhance economic development through non-subsidized loans (at market interest rates).
    enhance economic development through low-interest rate loans (below-market rates).
    enhance economic development of the private sector through investment in stock of corporations.
    30s
  • Q7
    The International Development Association was established to_____
    enhance economic development through non-subsidized loans (at market interest rates).
    enhance economic development of the private sector through investment in stock of corporations.
    enhance development solely in Asia through grants.
    enhance economic development through low-interest rate loans (below-market rates).
    30s
  • Q8
    Which of the following is not mentioned in the text as an additional risk resulting from international business
    exchange rate fluctuations.
    interest rate risk.
    political risk.
    exposure to foreign economies.
    30s
  • Q9
    Assume that a bank's bid rate on Swiss francs is $.45 and its ask rate is $.47. Its bid-ask percentage spread is
    None of above
    about 4.17%.
    about 4.44%.
    about 4.03%.
    30s
  • Q10
    The bid/ask spread for small retail transactions is commonly in the range of ____ percent?
    All of above
    Inventory costs
    Volume
    Order costs
    30s
  • Q11
    Which of the following statement is incorrect regarding to spot market liquidity?
    The more willing buyers and sellers there are, the more liquid a market is.
    A currency's liquidity affects the ease with which an MNC can obtain or sell that currency.
    If a currency is illiquid, an MNC is typically able to quickly purchase that currency at a reasonable exchange rate.
    The spot markets for heavily traded currencies such as the Japanese yen are very liquid.
    30s
  • Q12
    Which of the following is not the main objective of the international money market?
    All of above
    placing bonds with investors.
    medium-term lending.
    placing newly issued stock in foreign markets.
    30s
  • Q13
    What is main purpose of calculating the bid-ask spread on an exchange rate?
    The bid-ask spread determines the currency option premium.
    The bid-ask spread determines how an exchange rate will change.
    The bid-ask spread determines the transaction cost of foreign exchange.
    The bid-ask spread determines the forward premium.
    30s
  • Q14
    Assume that $1 is equal to .85 British Pound and 98 yen. What is the value of British Pound in Yen
    0.0087
    121.23
    None of above
    111.49
    30s
  • Q15
    Which of the following is an incorrect bid/ask quotation for the Taiwan dollar?
    $.351/$.353
    $.349/$.350
    $.653/$.651
    $.350/$.351
    30s

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