The Tax Cuts and Jobs Act of 2017 encourages corporations to ______________

• claim all overseas profits as U.S. profits to avoid paying taxes to foreign governments.

• bring their overseas cash back to the U.S. at a one-time tax rate of 8 percent.

• distribute all of their overseas profits as dividends to avoid all U.S. taxes.

• bring all of their foreign assets back to the U.S. by paying a one-time tax rate of 15.5 percent on those assets.

• repatriate their untaxed overseas profits.

UniPlus (a U.S. firm) is making very good profits from its overseas operation. When the firm has paid U.S. taxes on the profits, the profits are considered to be _____________

• abrogated.

• blocked.

• repatriated.

• confiscated.

• taken over.

Pick the correct statement from below.

• The operation of the forward rate market depends on current forward rates exceeding current spot rates.

• The operation of the forward rate market depends on current spot rates exceeding current forward rates over time.

• The operation of the forward rate market depends on current spot rates equaling current forward rates, on average, over time.

• The operation of the forward rate market depends on forward rates equaling the actual future spot rates on average over time.

• The operation of the forward rate market depends on current spot rates equaling the actual future spot rates on average over time.