1. Which one of the following conditions would be grounds tomato the functional and the reporting currency the same under current FASB guidelines?

a. a hyperinflation in the economy of the subsidiary country

b. the subsidiary country experiences an extreme currency appreciation

c. the presence of capital flight in the subsidiary country.

d. a country that has put on the golden straitjacket tightly

2. Which of the following bonds would not be found on the foreign bond market?

a. shogun

b. yankee

c. municipal

d. samurai