Multinational Financial Management 10th Edition 题库ch19

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1、Chapter19,CurrentAssetManagementandShort-TermFinancingCHAPTER19CurrentAssetManagementandShort-TermFinancingEASY(definitional)19.1MostU.S.internationaldollarpaymentsaremadeviaa)Bankwireb)CHIPSc)FedWired)SWIFTAns:bSection:CollectionanddisbursementoffundsLevel:Easy19.2Oneofthecashmanager’sgreatest

2、problemsisthat____________wiretransfersdonotalwaysoperatewithgreatefficiencyglobally.a)bank-to-bankb)subsidiary-to-subsidiaryc)U.S.bankd)U.K.bankAns:aSection:CollectionanddisbursementoffundsLevel:Easy19.3Whichoneofthefollowingtypesofwiretransfersisprobablythefastestmethodtoremitpaymentbutisplag

3、uedwithefficiencychallengesglobally?a)bank-to-bankb)subsidiary-to-subsidiaryc)U.S.bankd)U.K.bankAns:aSection:CollectionanddisbursementoffundsLevel:Easy19.4WhichofthefollowingisNOTanadvantageofacentralizedinternationalcashmanagementprogram.a)Poolsofexcessliquidityareeliminatedb)Financingcostscan

4、bereducedc)Informationattheleveloftheoperatingunitisbetterutilizedd)CashmanagementisdecentralizedAns:dSection:OrganizationChapter19,CurrentAssetManagementandShort-TermFinancingLevel:Easy19.5Sincealargepercentageofmultinationalfundtransfersaresubsidiary-to-subsidiary,thepayofffrom____________can

5、belarge.a)wiretransfersb)multiplebankaccountsc)multilateralnettingd)localcashmanagementAns:cSection:BilateralandmultilateralnettingLevel:Easy19.6Whichoneofthefollowingisakeyelementofinternationalcashmanagementbothwithinaforeigncountryandacrossborders?a)acceleratingcollectionsb)laggingpaymentsc)

6、reducingcustomsdelaysd)greaterexpertiseincashandportfoliomanagementAns:aSection:CollectionanddisbursementoffundsLevel:Easy19.7Treasurersofmultinationalswilllikelydemandmorecashmanagementserviceswhena)foreignexchangemarketsarerelativelycalmb)foreignexchangetransactionscostsrisec)inflationratesar

7、erelativelylowd)telecommunicationscostsriseAns:bSection:CollectionanddisbursementoffundsLevel:Easy19.8FirmscanminimizedelaysinreceiptofpaymentsandinconversionofpaymentsintocashbutNOTbyusinga)SWIFTb)wiretransfersc)cashpoolingd)mobi