The simultaneous purchase and sale of a given amount of foreign exchange for two different value dates is referred to as a ____
A. Fiscal barter
B. Liquid trade
Currency exchange
D. Currency swap
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_____ draws on economic theory to construct sophisticated econometric models for predicting exchange rate movements.
A. Efficient market theory
B. Inefficient market theory
C. Fundamental analysis
D. Technical analysis
____ is the impact of currency exchange rates changes on the reported financial statements of a company.
A. Economic exposure
B. Financial exposure
C. Translation exposure
D. Transaction exposure
FDI occurs when a ____
A. Domestic firm imports products and services from another country
B. Firm ships its product from one country to another
C. Firm invests in the stock of another company
D. Firm invests directly in facilities to produce and/or market a product in a foreign country
In 1991, Argentina, Brazil, Paraguay and Uruguay implemented an agreement known as ____
A. NAFTA
B. MERCOSUR
C. APEC
D. FTAA