Which one of the following statements is most correct about eurocurrencies?

They are traded primarily outside of Europe.

They are traded within the country of their denomination.

They are always issued in euros.

They are traded primarily in Europe.

They are traded outside the country of their denomination.

Which one of the following statements is correct about reinvoicing centers?

		They are commonly used by small firms
		They are subsidiaries of muntinational corporations and they consolidate currency hedging
		They add a mark-up to customer deliveries
		They are illegal in most countries
		They are subsidiaries of muntinational corporations created to increase sales

Toyota Motors of Japan has outsourced some of its business operations to TCS of India. This is an example of

		A licensing agreement
		A foreign direct investment
		An export agreement
		A joint venture
		A managerial contract