The U.S. avoids extraterritorial application of its laws.
Answer the following statement true (T) or false (F)
False
Just the opposite is true, which can make for some interesting issues. During a conflict with Iran, the U.S. froze all Iranian assets in U.S. banks, including their foreign branches. Iranians in London using U.S. banks could not access their funds, and the result was that British loans to Iranians defaulted.
You might also like to view...
The gross profit ratio is computed by subtracting cost of goods sold from net sales and dividing by net sales
a. True b. False Indicate whether the statement is true or false
If only one good is traded between two countries and the price of the good is the same in both countries when expressed in units of the same currency, then
A. people have rational expectations. B. both countries have the same monetary policy. C. there is interest-rate parity. D. the law of one price holds.
The Incoterm acronym CIF (named destination port) refers to
What will be an ideal response?
Which of the following is an example of liquidity analysis?
A) Bonds payable are divided by total liabilities and stockholders' equity. B) Net income is divided by total assets. C) Net income is divided by the number of shares of stock outstanding. D) Current assets are divided by current liabilities.