Please help answer any or all, thank you!!

______ 20. Each of the following is a reason why a company may move into international operations EXCEPT

A. to minimize exchange rate risk.

B. to take advantage of lower production costs in regions of inexpensive labor.

C. to develop new markets for the firms finished products

D. because important raw materials are located abroad.

______ 21. Each of the following is a goal for both domestic and multi-national cash management EXCEPT

A. speed up payments to creditors.

B. speed up collections from customers.

C. shift cash as rapidly as possible to where it is needed most.

D. maximize the after-tax return on temporary cash balances.

______ 22. Assume you read the following currency quotation in The Wall Street Journal:

$1.5769 U.S. dollars per euro. This is an example of a(n) _____________ quotation in

terms of U.S. dollars.

A. indirect

B. direct

C. forward

D. skewed

______ 23. __________________________ is the risk that the value of a cash flow in one currency,

when translated from another currency, will decline due to a change in exchange rates.

A. Expropriation risk

B. Political risk

C. Exchange rate risk

D. Interest Rate Parity

______ 24. If U.S. imports from Japan are MORE than U.S. exports to Japan, the U.S. has a

___________________ with respect to Japan.

A. trade surplus

B. trade deficit

C. political power imbalance

D. interest rate imbalance