Which of the following domestic financial instruments have NOT been modified for use in international financial management?
A) currency options and futures
B) interest rate and currency swaps
C) letters of credit
D) All of the above are domestic financial instruments that have also been modified for use in international financial markets.
Answer: D
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Simple interest on a $25,000, 8%, 18-month note is
A) $22,000. B) $23,000. C) $3,000. D) $2,000.
The present value of an annuity is equal to the sum of the individual future values for each payment.
Answer the following statement true (T) or false (F)
John L. Lewis, president of the United Mine Workers, abided by the "gentlemen's agreement" during World War II
Indicate whether the statement is true or false
Which of the following is not a characteristic of a multinomial experiment?
a. The experiment consists of a fixed number of trials. b. The outcome of each trial is classified into one of two possible categories. c. The probability pi that the outcome will fall into cell i remains constant for each trial. d. Each trial of the experiment is independent of the other trials.