# The us home office at the end of the year in an

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the U.S. home office at the end of the year. In an attempt to raise money in Country B, Color-Me-Green was quoted an interest rate of 14 percent by a local bank. This quoted rate is called the nominal rate.
58. Sam Dearing is a summer intern in the arbitrage department at a prestigious Wall Street firm. Sam is hoping to be offered a full-time position at the firm after he graduates from college, and therefore, Sam knows that he must demonstrate a strong understanding of how exchange rates work. Suppose Sam then noticed that the actual euro&#47;dollar exchange rate on currency markets is &#8364;1.2&#47;\$, and that a kilogram of wheat still costs \$1 in the U.S. and &#8364;1.5 in France. Sam then knows that wheat is priced higher in France . 59. Sam Dearing is a summer intern in the arbitrage department at a prestigious Wall Street firm. Sam is hoping to be offered a full-time position at the firm after he graduates from college, and therefore, Sam knows that he must demonstrate a strong understanding of how exchange rates work. It the actual euro&#47;dollar exchange rate on currency markets is &#8364;1.2&#47;\$, and a kilogram of wheat still costs \$1 in the U.S. and &#8364;1.5 in France, Sam also knows that the price of a kilogram of wheat in France is \$1.25 . 60. Under the gold standard, if the U.S. dollar was fixed at \$30&#47;oz of gold and Japan was fixed at &#165;75&#47;oz of gold, what would be the Yen&#47;dollar exchange rate?
61. Which of the following was a disadvantage of using gold as a medium of exchange in international trade?
62. Which of the following statements is true of objectives? 63. Which of the following statements is true of the environmental forces that affect strategy formulation? 64. The main benefit of a multi-domestic strategy is that it ________.
66.
67. The main benefit of a global strategy is that it allows a company to save costs due to product and marketing
68. Beanstalk International is a rapidly growing company with well-established subsidiaries in several nations. The company wants to follow a strategy of adapting its products and marketing activities in each national market to suit local preferences. This strategy aims at creating value for its customers. The strategy that Beanstalk would