A German bank has exposure to the S&P500 . Which of the following is true
A. The S&P 500 index should be always be measured in U.S. dollars when VaR is calculated
B. The S&P 500 index should be always be measured in euros when VaR is calculated
C. Either A or B can be done
D. The S&P 500 index should be measured in euros only if the bank has not got a U.S. subsidiary.
B
All foreign assets should be measured in the domestic currency.
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a. Eli Whitney b. Frederick Taylor c. Adam Smith d. Henry Ford
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Indicate whether the statement is true or false
The ratio of quick assets to current liabilities is called the acid-test ratio or ____________________.
Fill in the blank(s) with the appropriate word(s).