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- An issuing bank is responsible for: O a. preparing a bill of lading O b. making freight arrangements O c. issuing a certificate of origin O d. issuing a letter of creditWhich of the following is not an advantage of Foreign Banks? O a. Heightened profit volatility O b. Less political volatility O c. Increased efficiency O d. Lower interest rates offered to the publicQUESTION 12 The US authorities have proposed the following rate as a replacement for LIBOR: O a. LIBOR, Jr. O b. Secured Overnight Financing Rate O c. Standard Overnight Federal Rule O d. Syracuse Interbank Offering Rate O e. None of the Above QUESTION 13 A bond denominated in euros and issued by an Italian company in the US is classified as: O a. Eurobond Ob. Domestic Bond Oc. Foreign Bond O d. Italian Bond O e. Bondo Italiano QUESTION 14 The existence of overvalued currencies in foreign exchange markets principally supports the following hypothesis of foreign direct investment: O a. Government-Imposed Distortions O b. Market Structure O c. Market disequilibrium O d. Market equilibrium O e. Product Life Cycle
- Which of the following is not a role of financial intermediaries? O A. Maturity intermediation B. Diversification C. Reducing contracting (transaction) costs D. Providing payment mechanisms E, None of the aboveWhat caused the downturn, and eventual dissolution, of Long-Term Capital Management LP.? The 1997 Russian default caused a significant rise in U.S. Treasury Bonds, which LTCM was significantly short selling. O With the fall of the Soviet Union, Russia invested in the U.S. markets and destabilized the economy temporarily. O LTCM did not investments in Russian markets when they defaulted on their debts. OLTCM was lying to investors in an effort to inflate their stocks, which they then used to pay their employees in stock options.QUESTION 28 Historically, global investors are attracted to the Eurobond market because: O a. It offers longer term maturity instruments than domestic markets Ob. It operates in Europe and the US OC. It offers registered form instruments. Od.It offers bearer form instruments. O e. It offers medium- and long-term instruments.
- 4. Which of the following is most likely a financial security? a. Foreign currency O b. Insurance plan c. Commodities d. Preferred share O e. None of the aboveA special subsidiary of a U.S. bank that is engaged in international banking is called Seleccione una: a. an agency office. b. a foreign bank subsidiary. O c. an Edge Act corporation. O d. an international banking facility.lling MOST of the financial funds in USA. The following are true general statements about Financial Instruments and Trading Markets, EXCEPT: Stocks are considered more risky type of investmet than Bonds. O Stock holders are residual claimants. Stocks are only traded in the Primary Markets. In the Secondary Markets securities are continuously resold.
- 23 of 38 Choose the correct description for the following money market instrument. A repurchase agreement is: O A. an overnight loan between banks. o B. a debt instrument sold by a bank to depositors that pays annual interest of a given amount and at maturity pays back the original purchase price. O C. a short-term debt instrument issued by the Canadian government to cover immediate spending obligations. o D. a short-term money market instrument issued primarily by banks and funded from corporations and other banks through loans in which Treasury bills serve as collateral, with an explicit agreement to pay off the debt. UnsureA significant number of European banks held large amounts of assets as mortgage-backed securities derived from U.S housing market, Which crashed after 2006. How does this demonstrate both a benefit and a cost to the internationalization of financial markest ?The U.S. banking sector is one of the most heavily regulated industries. Which of the following agencie(s) can grant a bank charter in the U.S.? Da) the U.S. Treasury (Office of the Comptroller of Currency) b) the Federal Reserve System Oc) the White House O d) all of the above O e) only (a) and (b) of the above