Assume that $1 is equal to ¥98 and also equal to C$1.21. Based on this, you could say that C$1 is equal to: C$1(¥98/C$1.21) = ¥80.99

1.	Which one of the following securities is used as a means of investing in a foreign stock that otherwise could not be traded in the United States?    A.  American Depository Receipt B.  Yankee bond C.  Yankee stock D.  LIBOR E.  gilt Refer to section 21.1

2.

Assume that $1 is equal to ¥98 and also equal to C$1.21. Based on this, you could say that C$1 is equal to: C$1(¥98/C$1.21) = ¥80.99. The exchange rate of C$1 = ¥80.99 is referred to as the:    A.  open exchange rate. B.  cross-rate. C.  backward rate. D.  forward rate. E.  interest rate. Refer to section 21.1

3.	International bonds issued in multiple countries but denominated solely in the issuer's currency are called:    A.  Treasury bonds. B.  Bulldog bonds. C.  Eurobonds. D.  Yankee bonds. E.  Samurai bonds. Refer to section 21.1

4.	U.S. dollars deposited in a bank in Switzerland are called:    A.  foreign depository receipts. B.  international exchange certificates. C.  francs. D.  Eurocurrency. E.  Eurodollars. Refer to section 21.1

5.	International bonds issued in a single country and denominated in that country's currency are called:    A.  Treasury bonds. B.  Eurobonds. C.  gilts. D.  Brady bonds. E.  foreign bonds. Refer to section 21.1