Part A: True or False Questions 1. South Korea's late 1990s sovereign debt crisis was caused by a hyperinflation. 2. To a U.S. trader of foreign currencies, a direct quote indicates U.S. dollars received for each one unit of the foreign currency. 3. Lending to a foreign party is a two-step decision involving both sovereign risk and interest rate risk. 4. A mutual fund objective statement provides general information about the types of securities a mutual fund will hold as assets. 5. Most exchange traded funds (ETFs) are long-term mutual funds designed to replicate a particular market index