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