1. Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. Most of its cash flows went and came from its foreign subsidiaries. Also, it maintains shortterm deposits at foreign banks and has access to short-term debt from them. Thus, like most MNCs, Nike uses international financial markets to facilitate its international business operations. Last week, it issued bonds denominated in the British pound to borrow the equivalent of $100 million. What do you think is the reason why Nike does not just rely on large banks in the United States to provide all its foreign exchange services? Justify your answer in no more than five (5) sentences.