A negotiable certificate issued by a U.S. bank to represent the shares of a foreign corporation's stock is ca a(n) a. Euroequity b. American Depositary Receipt c. Global Depositary Receipt d. European Depositary Receipt 12. A country that provides large amounts of funds in currencies other than its own is a(an)- a. offshore financial center b. ADR facilitator c. interbank market d. currency regulator 13. Which of the following is a characteristic of most offshore financial centers? a. They offer low or zero taxation. b. They have moderate or light financial regulation. c. They provide banking secrecy and anonymity d. All of the above. 14. London is an example of an offshore financial center that is a net supplier of funds to the world financial markets b. a. provides a large foreign-currency (Eurocurrency) market for deposits and loans is politically and economically unstable d. c. has a complicated and inhospitable regulatory market 15. Capital budgeting is a. the process that determines which projects and countries will receive capital investment funds b. determining the proper mix of debt and equity c. the proper management of the company's current assets and liabilities d. more simplified in foreign operations because they are typically smaller