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Sample Test
Madura13e_TB_Ch03
|
1. Assume that a
bank’s bid rate on Swiss francs is $.45 and its ask rate is $.47. Its bid/ask
percentage spread is:
|
|
a.
|
about 4.44%.
|
|
|
b.
|
about 4.26%.
|
|
|
c.
|
about 4.03%.
|
|
|
d.
|
about 4.17%.
|
|
ANSWER:
|
b
|
|
RATIONALE:
|
Bid/ask percentage spread = ($.47 – $.45)/$.47 =
4.26%
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Application
|
|
|
2. Assume that a
bank’s bid rate on Japanese yen is $.0041 and its ask rate is $.0043. Its bid/ask
percentage spread is:
|
|
a.
|
about 4.99%.
|
|
|
b.
|
about 4.88%.
|
|
|
c.
|
about 4.65%.
|
|
|
d.
|
about 4.43%.
|
|
ANSWER:
|
c
|
|
RATIONALE:
|
Bid/ask percentage spread = ($.0043 –
$.0041)/$.0043 = 4.65%
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Application
|
|
|
3. The bid/ask spread
for small retail transactions is commonly in the range of ____ percent.
|
|
a.
|
3 to 7
|
|
|
b.
|
.01 to .03
|
|
|
c.
|
10 to 15
|
|
|
d.
|
.5 to 1
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
4. Which of the
following is not a factor that affects the bid/ask spread?
|
|
a.
|
order costs
|
|
|
b.
|
inventory costs
|
|
|
c.
|
volume
|
|
|
d.
|
All of the above factors affect the bid/ask spread
|
|
ANSWER:
|
d
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
5. The forward rate
is the exchange rate used for immediate exchange of currencies.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
6. The ask quote is
the price at which a bank offers to sell a currency.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
7. According to the
text, the forward rate is commonly used for:
|
|
a.
|
hedging.
|
|
|
b.
|
immediate transactions.
|
|
|
c.
|
previous transactions.
|
|
|
d.
|
bond transactions.
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
8. If a U.S. firm is
receiving 100,000 euros in 90 days and wishes to avoid the risk from exchange
rate fluctuations, it could:
|
|
a.
|
purchase a 90-day forward contract on euros.
|
|
|
b.
|
sell a 90-day forward contract on euros.
|
|
|
c.
|
purchase euros 90 days from now at the spot rate.
|
|
|
d.
|
sell euros 90 days from now at the spot rate.
|
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Application
|
|
|
9. If a U.S. firm will
need C$200,000 in 90 days to pay for imports from Canada and it wishes to
avoid the risk from exchange rate fluctuations, it could:
|
|
a.
|
purchase a 90-day forward contract on Canadian
dollars.
|
|
|
b.
|
sell a 90-day forward contract on Canadian
dollars.
|
|
|
c.
|
purchase Canadian dollars 90 days from now at the
spot rate.
|
|
|
d.
|
sell Canadian dollars 90 days from now at the spot
rate.
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Application
|
|
|
10. Assume the
Canadian dollar is equal to $.88 and the Peruvian nuevo sol is equal to $.35.
The value of the Peruvian nuevosol in Canadian dollars is:
|
|
a.
|
about .3621 Canadian dollars.
|
|
|
b.
|
about .3977 Canadian dollars.
|
|
|
c.
|
about 2.36 Canadian dollars.
|
|
|
d.
|
about 2.51 Canadian dollars.
|
|
ANSWER:
|
b
|
|
RATIONALE:
|
$.35/$.88 = .3977
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Application
|
|
|
11. Which of the
following is not true with respect to spot market liquidity?
|
|
a.
|
The more willing buyers and sellers there are, the
more liquid a market is.
|
|
|
b.
|
The spot markets for heavily traded currencies
such as the Japanese yen are very liquid.
|
|
|
c.
|
A currency’s liquidity affects the ease with which
an MNC can obtain or sell that currency.
|
|
|
d.
|
If a currency is illiquid, an MNC is typically
able to quickly purchase that currency at a reasonable exchange rate.
|
|
ANSWER:
|
d
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Comprehension
|
|
|
12. Forward markets
for currencies of developing countries are:
|
|
a.
|
prohibited.
|
|
|
b.
|
less liquid than markets for currencies of
developed countries.
|
|
|
c.
|
more liquid than markets for currencies of
developed countries.
|
|
|
d.
|
only available for use by government agencies.
|
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
13. A forward contract
can be used to lock in the ____ of a specified currency at a future point in
time.
|
|
a.
|
purchase price
|
|
|
b.
|
sale price
|
|
|
c.
|
A or B
|
|
|
d.
|
none of the above
|
|
ANSWER:
|
c
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
14. The forward
market:
|
|
a.
|
for euros is very illiquid.
|
|
|
b.
|
for currencies of Eastern European countries is
very liquid.
|
|
|
c.
|
does not exist for some currencies.
|
|
|
d.
|
none of the above
|
|
ANSWER:
|
c
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
15. ____ is not a bank
characteristic important to customers in need of foreign exchange.
|
|
a.
|
Quote competitiveness
|
|
|
b.
|
Speed of execution
|
|
|
c.
|
Forecasting advice
|
|
|
d.
|
Advice about current market conditions
|
|
|
e.
|
All of the above are important bank
characteristics to customers in need of foreign exchange.
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
16. The Basel III
accord requires banks to:
|
|
a.
|
maintain higher levels of capital if they have
riskier assets.
|
|
|
b.
|
increase lending to less developed countries.
|
|
|
c.
|
pay higher premiums for deposit insurance.
|
|
|
d.
|
reduce their short-term loans.
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.03
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
17. The international
money market primarily concentrates on:
|
|
a.
|
short-term lending (one year or less).
|
|
|
b.
|
medium-term lending.
|
|
|
c.
|
long-term lending.
|
|
|
d.
|
placing bonds with investors.
|
|
|
e.
|
placing newly issued stock in foreign markets.
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.02
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
18. The international
credit market primarily concentrates on:
|
|
a.
|
short-term lending (less than one year).
|
|
|
b.
|
medium-term lending.
|
|
|
c.
|
credit cards for individuals.
|
|
|
d.
|
providing an exchange of foreign currencies for
firms that need them.
|
|
|
e.
|
placing newly issued stock in foreign markets.
|
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.03
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
19. The main
participants in the international money market are:
|
|
a.
|
consumers.
|
|
|
b.
|
small firms.
|
|
|
c.
|
large corporations.
|
|
|
d.
|
small European firms needing European currencies
for international trade.
|
|
ANSWER:
|
c
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.02
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
20. LIBOR is:
|
|
a.
|
the interest rate commonly charged for loans
between banks.
|
|
|
b.
|
the average inflation rate in European countries.
|
|
|
c.
|
the maximum loan rate ceiling on loans in the
international money market.
|
|
|
d.
|
the maximum deposit rate ceiling on deposits in
the international money market.
|
|
|
e.
|
the maximum interest rate offered on bonds that are
issued in London.
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.02
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
21. A syndicated
loan:
|
|
a.
|
represents a loan by a single bank to a syndicate
of corporations.
|
|
|
b.
|
represents a loan by a single bank to a syndicate
of country governments.
|
|
|
c.
|
represents a direct loan by a syndicate of
oil-producing exporters to a less developed country.
|
|
|
d.
|
represents a loan by a group of banks to a borrower.
|
|
|
e.
|
A and B
|
|
ANSWER:
|
d
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.03
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
22. The international
money market is primarily served by:
|
|
a.
|
the governments of European countries, which
directly intervene in foreign currency markets.
|
|
|
b.
|
government agencies such as the International
Monetary Fund that promote development of countries.
|
|
|
c.
|
several large banks that accept deposits and
provide loans in various currencies.
|
|
|
d.
|
small banks that convert foreign currency for
tourists and business visitors.
|
|
ANSWER:
|
c
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.02
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
23. Which of the
following is true of international money market securities?
|
|
a.
|
The securities may be exposed to exchange rate
risk.
|
|
|
b.
|
The securities are perceived to be very risky.
|
|
|
c.
|
The securities issued by corporations are not
subject to credit (default) risk.
|
|
|
d.
|
The securities have a maturity of one to five
years.
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.02
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
24. A put option is
the amount or percentage by which the existing spot rate exceeds the forward
rate.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
25. From 1944 to 1971,
the exchange rate between any two currencies was typically:
|
|
a.
|
fixed within narrow boundaries.
|
|
|
b.
|
floating, but subject to central bank
intervention.
|
|
|
c.
|
floating, and not subject to central bank
intervention.
|
|
|
d.
|
nonexistent; that is, currencies were not
exchanged, but gold was used to pay for all foreign transactions.
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
26. As a result of the
Smithsonian Agreement, the U.S. dollar was:
|
|
a.
|
the currency to be used by all countries as a
medium of exchange for international trade.
|
|
|
b.
|
forced to be freely floating relative to all
currencies without any boundaries.
|
|
|
c.
|
devalued relative to major currencies.
|
|
|
d.
|
revalued (upward) relative to major currencies.
|
|
ANSWER:
|
c
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
27. According to the
text, the average foreign exchange trading around the world ____ per day.
|
|
a.
|
equals about $200 billion
|
|
|
b.
|
equals about $400 billion
|
|
|
c.
|
equals about $700 billion
|
|
|
d.
|
exceeds $4 trillion
|
|
ANSWER:
|
d
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
28. Assume a Japanese
firm invoices exports to the United States in U.S. dollars. Assume that the
forward rate and spot rate of the Japanese yen are equal. If the Japanese
firm expects the U.S. dollar to ____ against the yen, it would likely wish to
hedge. It could hedge by ____ dollars forward.
|
|
a.
|
depreciate; buying
|
|
|
b.
|
depreciate; selling
|
|
|
c.
|
appreciate; selling
|
|
|
d.
|
appreciate; buying
|
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
29. The bid/ask spread
on an exchange rate can be used to directly determine:
|
|
a.
|
how an exchange rate will change.
|
|
|
b.
|
the transaction cost of foreign exchange.
|
|
|
c.
|
the forward premium.
|
|
|
d.
|
the currency option premium.
|
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
30. Futures contracts
are typically ____; forward contracts are typically ____.
|
|
a.
|
sold on an exchange; sold on an exchange
|
|
|
b.
|
sold in an over-the-counter market; sold on an
exchange
|
|
|
c.
|
sold on an exchange; sold in an over-the-counter
market
|
|
|
d.
|
offered by commercial banks; offered by commercial
banks
|
|
ANSWER:
|
c
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
31. Eurobonds:
|
|
a.
|
are usually issued in bearer form.
|
|
|
b.
|
typically carry several protective covenants.
|
|
|
c.
|
cannot contain call provisions.
|
|
|
d.
|
A and B
|
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.04
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
32. Which of the
following is true?
|
|
a.
|
Non-U.S. firms may desire to issue bonds in the United
States due to less regulation there.
|
|
|
b.
|
U.S. firms may desire to issue bonds in the United
States due to less regulation there.
|
|
|
c.
|
U.S. firms may desire to issue bonds in non-U.S.
markets due to less regulation in some other countries.
|
|
|
d.
|
A and B
|
|
ANSWER:
|
c
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.04
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
33. Eurobonds:
|
|
a.
|
can be issued only by European firms.
|
|
|
b.
|
can be sold only to European investors.
|
|
|
c.
|
A and B
|
|
|
d.
|
none of the above
|
|
ANSWER:
|
d
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.04
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
34. Which currency is
used the most to denominate Eurobonds?
|
|
a.
|
the British pound
|
|
|
b.
|
the Japanese yen
|
|
|
c.
|
the U.S. dollar
|
|
|
d.
|
the Swiss franc
|
|
ANSWER:
|
c
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.04
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
35. When the foreign
exchange market opens in the United States each morning, the opening exchange
rate quotations will be based on the:
|
|
a.
|
closing prices in the United States during the
previous day.
|
|
|
b.
|
closing prices in Canada during the previous day.
|
|
|
c.
|
prevailing prices in locations where the foreign
exchange markets are already open.
|
|
|
d.
|
officially set by central banks before the U.S.
market opens.
|
|
ANSWER:
|
c
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
36. The U.S. dollar is
not accepted as a medium of exchange in:
|
|
a.
|
industrialized countries outside the United
States.
|
|
|
b.
|
in any Latin American countries.
|
|
|
c.
|
in Eastern European countries where foreign
exchange restrictions exist.
|
|
|
d.
|
none of the above
|
|
ANSWER:
|
d
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
37. Which of the
following is not true regarding the Bretton Woods Agreement?
|
|
a.
|
It called for fixed exchange rates between
currencies.
|
|
|
b.
|
Governments intervened to prevent exchange rates
from moving more than 1 percent above or below their initially established
levels.
|
|
|
c.
|
The agreement lasted from 1944 until 1971.
|
|
|
d.
|
Each country used gold to back its currency.
|
|
|
e.
|
All of the above are true regarding the Bretton
Woods Agreement.
|
|
ANSWER:
|
d
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
38. A Japanese yen is
worth $.0080, and a Fijian dollar (F$) is worth $.5900. What is the value of
the yen in Fijian dollars (i.e., how many Fijian dollars do you need to buy a
yen)?
|
|
a.
|
73.75.
|
|
|
b.
|
125.
|
|
|
c.
|
1.69.
|
|
|
d.
|
0.014.
|
|
|
e.
|
none of the above
|
|
ANSWER:
|
d
|
|
RATIONALE:
|
($.008/$.59) = F$.014/¥
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Application
|
|
|
39. Global regulations
prevent the internationalization of moeny markets.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
40. Under the gold
standard, each currency was convertible into gold at a specified rate, and
the exchange rate between two currencies was determined by their relative convertibility
rates per ounce of gold.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
41. An investor
engaging in a transaction whereby he or she contracts to purchase British
pounds one year from now is an example of a spot market transaction.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Application
|
|
|
42. The Single
European Act prevented a trend toward increased globalization in the banking
industry.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.03
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
43. A cross exchange
rate expresses the amount of one foreign currency per unit of another foreign
currency.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
44. A currency put
option provides the right, but not the obligation, to buy a specific currency
at a specific price within a specific period of time.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
45. The strike price
is also known as the premium price.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
46. The interest rate
commonly charged for loans between banks is called the cross rate.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
47. The Bretton Woods Agreement
is an agreement to standardize banks’ capital requirements across countries;
the resulting capital ratios are computed using risk-weighted assets.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
48. The Basel Accord
is an agreement among the major European countries to make regulations on
imports more uniform across European countries and to reduce taxes on goods
traded between these countries.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.03
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
49. A currency
futures contract is a contract specifying a standard volume of a particular
currency to be exchanged on a specific settlement date.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
50. Eurobonds are
certificates representing bundles of stock.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.04
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
51. A share of the ADR
of a Dutch firm represents one share of that firm’s stock that is traded on a
Dutch stock exchange. The share price of the firm was 15 euros when the Dutch
market closed. As the U.S. market opens, the euro is worth $1.10. Thus, the price
of the ADR should be ____.
|
|
a.
|
$13.64
|
|
|
b.
|
$15.00
|
|
|
c.
|
$16.50
|
|
|
d.
|
16.50 euros
|
|
|
e.
|
none of the above
|
|
ANSWER:
|
c
|
|
RATIONALE:
|
15 ´ $1.10 = $16.50
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Application
|
|
|
52. The ADR of a
British firm is convertible into 3 shares of stock. The share price of the
firm was 30 pounds when the British market closed. When the U.S. market
opens, the pound is worth $1.63. The price of this ADR should be $____.
|
|
a.
|
48.90
|
|
|
b.
|
146.70
|
|
|
c.
|
55.21
|
|
|
d.
|
none of the above
|
|
ANSWER:
|
b
|
|
RATIONALE:
|
3 ´ 30 ´ $1.63 = $146.70
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Application
|
|
|
53. If there is a
large supply of savings relative to the demand for short-term funds, the
interest rate for that country will be relatively low.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.02
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
54. If there is a
strong demand to borrow a currency, and a low supply of savings in that
currency, the interest rate will be relatively low.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.02
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
55. The preferences of
corporations and governments to borrow in foreign currencies on a short-term
basis and of investors to make short-term investments in foreign currencies
resulted in the creation of the international bond market.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Moderate
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.04
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
56. Large commercial
banks play a major role in the international money market by accepting
short-term deposits in various currencies, and channeling the money to
corporations and government agencies that need to borrow those short-term
funds in the desired currencies.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.01
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
57. The term LIBOR
refers to international bonds that were issued in London.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.02
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
58. The Greece credit
crisis in the 2012-2015 period refers to Greece being unable to obtain loans
from any banks or governments.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.02
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
59. Institutional
investors such as commercial banks, mutual funds, insurance companies, and
pension funds from many countries are major participants in the international
bond market.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.04
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
60. As a result of the
Sarbanes-Oxley Act, financial reporting costs were reduced, and many non-U.S.
firms decided to place new issues of their stock in the United States.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
61. Global regulations
require that shareholders in all countries have the same rights wherever
there are stock markets.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.03
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
62. Shareholders have
more voting power in some countries than in others.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
63. Shareholders can
have influence on a wider variety of management issues in some countries than
in others.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
64. The legal
protection of shareholders is the same among countries.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
65. Shareholders in
some countries may have more power to effectively sue publicly traded firms
if their executives or directors commit financial fraud.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
66. In general,
common-law countries such as the United States, Canada, and the United
Kingdom allow for more legal protection of shareholders than civil-law
countries such as France and Italy.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
67. The government enforcement
of securities laws varies among countries.
|
ANSWER:
|
a
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
68. The degree of
financial information that must be provided by public companies is the same
in all countries.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
69. In general, stock
markets allow for more governance and attract more investors when they have
all of the following except:
|
|
a.
|
more voting rights for shareholders.
|
|
|
b.
|
more legal protection for shareholders.
|
|
|
c.
|
more enforcement of the laws.
|
|
|
d.
|
less stringent accounting requirements.
|
|
ANSWER:
|
d
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
|
70. In general,
investors are attracted to stock markets in countries that allow very limited
voting rights for shareholders.
|
ANSWER:
|
b
|
|
POINTS:
|
1
|
|
DIFFICULTY:
|
Easy
|
|
LEARNING OBJECTIVES:
|
INFM.MADU.15.03.05
|
|
NATIONAL STANDARDS:
|
United States – BUSPROG.INFM.MADU.15.03
|
|
STATE STANDARDS:
|
United States – OH – DISC.INFM.MADU.15.02
|
|
KEYWORDS:
|
Bloom’s: Knowledge
|
|
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