1. Suppose an investor named Juan, an American, pays cash to buy 10,000 shares of a software

company in Germany. The purchase makes him the owner of .1% of outstanding equity shares.

a. Portfolio Investment

b. Direct Investment

2. Suppose Apple, an American company, pay cash to acquire all shares of a similar software

company, also in Germany. The purchase makes Apple the sole owner of all outstanding equity

shares.

a. Portfolio Investment

b. Direct Investment

3. Is bitcoin money?

4. Does the US have a floating or pegged exchange rate?