MULTIPLE CHOICE 1. The security issued in the United States that represents shar

Question

MULTIPLE CHOICE

1. The security issued in the United States that represents shares of a foreign stock, allowing that stock to be traded in the United States, is called a(n) __________. (Points : 5)

American obligation receipt

American dollar receipt

American depository receipt

American Yankee bond

American Euro stock Question

2. 2. The currency of the European Monetary Union (EMU) is known as the ________. (Points : 5)

London Interbank Offer Rate

Paris Interbank Offer Rate

European pound

Euro

European peso

Question 3. 3. International bonds issued in a single country, and denominated in that country's currency, are called ________. (Points : 5)

Gilts

foreign bonds

Eurodollars

Treasury bonds

Brady bonds

Question 4. 4. International bonds issued in mutiple countries, but denominated in a common currency are called ______________. (Points : 5)

Treasury bonds

Bulldog bonds

Eurobonds

Yankee bonds

Samurai bonds

Question 5. 5. An agreement to exchange currencies at some point in the future using an agreed-upon exchange rate is called a ________ trade. (Points : 5)

spot

forward

swap

floating

triangle

Explanation / Answer

1. Answer American depository receipt

An American depository receipt is a negotiable certificate issued by a U.S. bank representing shares of Non- US Company that is traded on a U.S. exchange

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