1.When a country consumes more goods and services than it produces than:

A. Exports minus Imports are negative

B. Exports are Equal to imports

C. Imports are Negative

D. Exports minus Imports are positive

2.A floating exchange rate is:

A. An exchange rate used in a closed market economy.

B. A rate that remains constant within a currency basket.

C. An exchange rate used in an open market economy.

D. An exchange rate that is universal.

3.The following does not have a fiduciary obligation;

A. An accountant involved with financial securities.

B. An employee at an investment dealer.

C. A lawyer involved with underwritings.

D. A director of a private corporation.

4.Leverage buy-out is

A. The purchase of debt securities of private or public companies.

B. The acquisition of companies financed with debt and equity.

C. The financing of firms that are in the infancy stages.

D. The financing of expanding firms for their acquisition.