Question: 1. What did SOFR replace LIBOR (to date) in the US? a. The US wanted their own reference rate b. LIBOR was easily manipulated and

1. What did SOFR replace LIBOR (to date) in the US? a. The US wanted their own reference rate b. LIBOR was easily manipulated and not based on a true trading rate C. LIBOR had expired d. Changes in technology warranted the move to SOFR 2. What is the difference between a multinational firm and a global firm (best answer)? a. A multinational firm has business around the world but is only located domestically b. A global firm has business around the world but is only located domestically C. A global firm has physical locations in other countries d. A multinational firm has locations in other countries but is not in all regions or time zones 3. If the EUR/USD exchange rate is 1.1123, how many EUR can I buy with $1 million USD? a. 1,112,300 EUR b. 1,000,000 EUR C. 899,038 EUR d. 988,037 EUR

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