Question1: The Smithsonian Agreement established that foreign currencies
[A] Established the value of a US dollar at $35/ounce
[B] Will be used to create a large museum in Washington D.C.
[C] Will have a fixed exchange rate against each other
[D] Will float freely against each other in exchange
Question2: Bretton Woods established that
[A] Exchange rates should be free floating
[B] There is no need for a central reserve asset
[C] The gold standard should be abandoned
[D] All currencies should be traded in US dollars
Question3: Companies typically want to participate in foreign direct investment because
[A] They can retain the right to make important business decisions
[B] It is easier to protect trade secrets
[C] A smaller percentage of profits will have to be shared
[D] All of the above
Question4: The quotation, Canada (dollar).. .7261 means
[A] It costs Canadian Dollar .7261 to buy US$ 1
[B] It costs US$ .7261 to buy one Canadian dollar
[C] It costs US$ 7.261 to buy one Canadian dollar
[D] All of the above