11. Which of the following statements best describes the purpose behind currency devaluation? (select two) a. Simple mistrust by the nation that is devaluating its currency. b. A desire to increase its imports from developed nations. c. To improve its balance of trade. d. To encourage local consumers to buy domestically. 12. Alvin is traveling to Thailand to assist his company with a joint venture. He knows that the assignment will take a minimum of 8 months. His company contacted a local Thai bank that has agreed to open a personal account for Alvin where he will deposit his paycheck and pay living expenses. At this time, the Thai Baht (the currency of Thailand) is down against the U.S. dollar. This means: a. Alvin will need to relinquish more dollars for each Thai Baht. b. Alvin can ask the bank to buy options against the currency trade. c. Alvin will receive several Thai Baht for each dollar that he deposits. d. Alvin will break even: one Thai Baht = $1.00. 13. The is an international organization created after WW II to help developing nations with agri-business and infrastructure. a. World Bank b. International Patent Office. C. United Hope d. NTSB (National Trans-Atlantic Safety Boa 14. Foreign Direct Investment is: a. Another form of licensing one's idea to a competitor's business. b. Basically the same as franchising but with greater restrictions. c. A global strategy where a company buys permanent property and businesses in a foreign country, d. Contracting with other companies to produce products. 15. UAE - The United Arab Emeriates is a nation whose government has significant investment in multi-national companies. These investments are known as a. Subsidiaries b. Sovereign wealth funs Mutual funds d. Exchange traded funds