1. Which of the following are reasons why companies move into international operations?
To take advantage of lower production costs in regions where labor costs are relatively low.
To develop new markets for the firm's products.
To better serve their primary customers.
Because important raw materials are located abroad.
All of the above.
2. A currency trader observes the following quotes in the spot market: 1 U.S. dollar = 10.785 Mexican pesos 1 British pound = 8.750 Danish krone 1 British pound = 1.65 U.S. dollars Given this information, how many Mexican pesos can be purchased for 1 Danish krone?
2.5019 1.9482 2.1738 2.0337 2.0507