18. Cross-listing is a process when: A. bonds and shares of the same company are sold as a package. B. shares of two or more companies are sold as a package. the same company are sold on different stock exchanges in different countries. different companies are sold on different stock exchanges of a particular country D. shares of 19. American depository receipts (ADRs) represent foreign stocks A. denominated in U.S. dollars that trade on European stock exchanges. B. denominated in U.S. dollars that trade on a U.S. stock exchange or in the over-the-counter market. C. denominated in a foreign currency that trade on a U.S. stock exchange. D. traded as non-registered (bearer) securities. 20. A Chinese state-owned company buys a Canadian saw mill This transaction will be recorded in the Canadian balance of payments as A. a credit in the current account B. a debit in the current account C. a credit in the capital account D. a debit in the capital account 21. Which of the following is an example of a Eurodollar? A. dollar deposit in an American bank B. yen deposit in a Japanese bank. C. dollar deposit in a French bank. D. euro deposit in European bank. 22. The implicit SF/S exchange rate at maturity of a Swiss franc/U.S. dollar dual currency bonds that pay $$81.40 at maturity per SF1,000 is (round the final percentage answer to 2 decimal places): A. SFO.58/51.00, B. SF1.58/$1.00. C. SFI.72/S1.00. D. SF1.95/$1.00. 23. Which of the following statements is true? A. In the primary market, firms sell shares to investors and in the secondary market investors sell shares to investors. B. In the primary market, investors sell shares to investors and in the secondary market firms sell shares to C. In the primary market, firms sell shares to investors for the first time and in the secondary market firms sell D. In the primary market, investors sell shares to investors for the first time and in the secondary market investors investors. shares to investors in subsequent equity issues. sell shares to investors after the initial sale. 24. A firm may cross-list its shares to: A. establish a broader investor base for its stock. B. establish name recognition in foreign capital markets, thus paving the way for the firm to source new equity and debt capital from investors in different markets. C. expose the firm's name to a broader investor and consumer D. all of these. 25. Before World War L, $20.67 was needed to buy one ounce of gold and FF 310.00 would also buy one ounce of gold. What was the exchange rate between the French frane and the US dollar? A. FF0.0667/5 B. FF14.9976/5 C. FF6407.7/5 D. $6407.7/FF