1. According to curent FASB guidelines, the functional currency and the reporting currency will be the same when the ___ operations are a direct extension of the parent.

a. current

b. outsourced

c. hedged

d. foreign subsidiarys

2. TO a US investor, the difference between a global fund and a n international fund is the global fund may ___?

a. invest anywhere in the world including the US

b. invest only inside the UC

c. invest in individual countries

d. invests anywhere in the world excluding the US