Define each of the following terms:

a. Multinational, or global, corporation

b. Vertically integrated investment

c. International monetary system

d. Exchange rate

e. Freely floating regime; managed-float regime

f. Currency board arrangement 

g. Fixed-peg arrangement 

h. Cross rate 

i. American terms; European terms 

j. Direct quotation; indirect quotation 

k. Spot rate; forward exchange rate 

l. Discount on forward rate; premium on forward rate 

m. Interest rate parity; purchasing power parity 

n. Euro credits; euro dollar o. Eurobond; foreign bond 

p. American depository receipts (ADRs); repatriation of earnings 

q. Country risk; exchange rate risk; political risk; business climate