Hi.

78.

A foreign currency contract that gives the holder of the contract the right to sell a foreign currency at a specified price on or before the published expiration date is called a:

A.

call currency option.

B.

put currency option.

C.

long hedge currency futures contract.

D.

short-hedge currency futures contract.

E.

None of the options is correct.

79.

A foreign currency contract where one party trades currencies with another and trades it back at the end of the contract is called a:

A.

currency option contract.

B.

currency forward contract.

C.

currency swap contract.

D.

currency futures contract.

E.

None of the options is correct.

80.

Banks have been heavily involved in selling their services across national boundaries since:

A.

the industry's very beginning.

B.

the 1950s.

C.

the 1980s.

D.

the turn of the century.

E.

None of the options is correct.

81.

A full-service facility operated by a bank away from its home office but is merely a local office that represents a single large financial-service corporation is known as a(n):

A.

branch office.

B.

agency office.

C.

subsidiary.

D.

representative office.

E.

None of the options is correct.

82.

Which of the following is one of the customer services supplied by banks in international markets?

A.

Underwriting notes and bond issues in the U.S. bond market

B.

Helping customer market their products in the domestic market

C.

Helping customers hedge against foreign currency risk

D.

Making loans to domestic customers

E.

All of the options are customer services offered by banks in the international market.

-fm