上海对外经贸大学
第一章Recently, financial markets have become highly integrated. This development
答案:allows investors to diversify their portfolios internationally.
Although the world economy is much more integrated today than was the case 10 or 20 years ago, a variety of barriers still hamper free movements of people, goods, services, and capital across national boundaries. These barriers include
答案:all of the above
A purely domestic firm sources its products, sells its products, and raises its funds domestically
答案:all of the above are true
Suppose your firm invests $100,000 in a project in Italy. At the time the exchange rate is $1.25 = €1.00. One year later the exchange rate is the same, but the Italian government has expropriated your firm's assets paying only €80,000 in compensation. This is an example of
答案:political risk.
The ultimate guardians of shareholder interest in a corporation, are the
答案:boards of directors.
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