第七章测试1. If you owe a foreign currency denominated debt, you can hedge with
A:buying the foreign currency today and investing it in the foreign county. B:a long position in a currency forward contract. C:a long position in an exchange-traded futures option. D:a swap contract where pay the cash flows of the bond in exchange for dollars.
答案:D
2. The link between a firm's future operating cash flows and exchange rate fluctuations is
A:operating exposure. B:none of the above C: both a and b D:asset exposure. 3.The sensitivity of the firm's consolidated financial statements to unexpected changes in the exchange rate is
A:none of the above B: economic exposure C: transaction exposure. D:translation exposure 4. An exporter faced with exposure to an appreciating currency can reduce transaction exposure with a strategy of
A:paying late, collecting early. B: paying or collecting early. C: paying early, collecting late. D: paying or collecting late. 5. The recognized methods for consolidating the financial reports of an MNC are
A:short/long term method, current/future method, flexible/inflexible method, and economic/noneconomic method. B:temporal method, current rate method, flexible/inflexible method, and economic/noneconomic method. C:current/noncurrent method, monetary/nonmonetary method, short/long term method, and current/future method. D:current/noncurrent method, monetary/nonmonetary method, temporal method, and current rate method.
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