2- Blundell Biotech is a U.S. based biotechnology company with operations in a number of foreign countries.

If the exchange rate between USD and CNY i.e., USD/CNY, is 0.14, and Blundell Biotech wants to convert it earning of CNY168.00 (million) from Chinese subsidiary into USD,

what is its earning in USD (in millions)?

3- You pay PHP1,182.88 in Manila to buy two movie tickets, two Big Mac (McDonald's) and two cold drinks. How much do you pay in New York for the same items if the exchange rate (PHP=1 USD) is 56.56?

4-

The authors describe the multinational phase of globalization for a firm as one characterized by the:

:	requirement that all employees be multilingual.
	imports from foreign suppliers and exports to foreign buyers.
	potential for international competitors or suppliers even though all accounts are with domestic firms and are denominated in dollars.
	ownership of assets and enterprises in foreign countries.

5- The twin agency problems limiting financial globalization are caused by these two groups acting in their own self-interests rather than the interests of the firm.

rulers of sovereign states and unsavory customs officials
	attorneys and unsavory customs officials
	corporate insiders and rulers of sovereign states
	corporate insiders and attorneys