All of the following are steps involved in basic currency swaps EXCEPT
A) counterparties exchange the net interest at the end of the swap.
B) the parties exchange principals in two currencies.
C) the parties exchange periodic interest payments over the life of the agreement.
D) the parties exchange the principal amount at the end of the agreement.
A
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Ford opens a parts manufacturing plant in Haiti, which ships its parts back to the U.S. to be assembled in Detroit. Running the factory in Haiti is an example of:
A. foreign direct investment. B. foreign portfolio investment. C. importing. D. exporting. B. foreign portfolio investment. C. importing. D. exporting.
Protecting infant industries from foreign competition may make sense, but only until the industry matures
a. True b. False Indicate whether the statement is true or false
Social Security taxes are paid by
A) employers only. B) employees only. C) both employers and employees. D) neither employers nor employees.
Which statement about oligopoly is false?
A. Monopolistic firms recognize their interdependence B. Prices in oligopoly are predicted to fluctuate widely and frequently C. A few firms play an important role in the sale of a product D. One firm's behavior is a function of what its rivals do