Chapter 08 - Morrison - Gbe 4e

10 Questions

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Chapter 08 - Morrison - Gbe 4e


Questions and Answers
  • 1. 
    HSBC has long historical links with which of the following?
    • A. 

      Ireland

    • B. 

      England

    • C. 

      Hong Kong

    • D. 

      Japan

  • 2. 
    Which of the following is a Bretton Woods institution?
    • A. 

      The UN

    • B. 

      The European Central Bank

    • C. 

      The WTO

    • D. 

      The IMF

  • 3. 
    What is a ‘free-floating’ currency?
    • A. 

      A currency whose exchange rate is fixed by the government

    • B. 

      A currency whose exchange rate is determined in markets

    • C. 

      A convertible currency

    • D. 

      A currency that is not pegged to the US dollar

  • 4. 
    Which of the following stock exchanges enjoys the biggest IPOs by value?
    • A. 

      Shanghai

    • B. 

      Hong Kong

    • C. 

      Nasdaq

    • D. 

      New York

  • 5. 
    Which UK bank became effectively nationalized following the 2008 financial crisis, with 79% of its shares owned by the government?
    • A. 

      Barclays Bank

    • B. 

      Lloyds Bank

    • C. 

      Royal Bank of Scotland

    • D. 

      HSBC

  • 6. 
    Which of the following has the largest government debt as a percentage of GDP?
    • A. 

      Japan

    • B. 

      Norway

    • C. 

      Germany

    • D. 

      UK

  • 7. 
    Hedge funds launched legal claims against Argentina to…
    • A. 

      Obtain partial payment of bonds

    • B. 

      Obtain payment of the full face value of bonds

    • C. 

      Bring down the Argentine government

    • D. 

      Drive Argentina into default

  • 8. 
    Which of the following was not a cause of the global financial crisis of 2008?
    • A. 

      Weaknesses in the Chinese banking system

    • B. 

      Excessive growth of derivatives markets

    • C. 

      US housing market crash

    • D. 

      Excessive household debt

  • 9. 
    Private equity investors are noted for …
    • A. 

      Their long-term vision of acquired companies

    • B. 

      Their short-term approach to acquired companies

    • C. 

      Their greed

    • D. 

      Their concern for stakeholders

  • 10. 
    AB InBev has pursued an aggressive acquisitions policy in order to…
    • A. 

      Gain domination of the Chinese market

    • B. 

      Acquire more beer brands than competitors

    • C. 

      Dominate the African market

    • D. 

      Make efficiency gains and cut costs