国际金融（原书第12版） 教学课件 ppt 作者 大卫.艾特曼（David Eiteman）阿瑟.斯通西 chapter 11.pdfVIP

Multinational Business Finance, 12e (Eiteman, et al) Chapter 11 Transaction Exposure 11.1 Types of Foreign Exchange Exposure Multiple Choice 1) ________ exposure deals with cash flows that result from existing contractual obligations. A) Operating B) Transaction C) Translation D) Economic Answer: B Diff: 2 Topic: 11.1 Types of Foreign Exchange Exposure Skill: Recognition 2) ________ exposure measures the change in the present value of the firm resulting from unexpected changes in exchange rates. A) Operating B) Transaction C) Translation D) Accounting Answer: A Diff: 2 Topic: 11.1 Types of Foreign Exchange Exposure Skill: Recognition 3) Each of the following is another name for operating exposure EXCEPT ________. A) economic exposure B) strategic exposure C) accounting exposure D) competitive exposure Answer: C Diff: 2 Topic: 11.1 Types of Foreign Exchange Exposure Skill: Recognition 1 Copyright © 2010 Pearson Education, Inc.  4) Transaction exposure and operating exposure exist because of unexpected changes in future cash flows. The difference between the two is that ________ exposure deals with cash flows already contracted for, while ________ exposure deals with future cash flows that might change because of changes in exchange rates. A) transaction; operating B) operating; transaction C) operating; accounting D) none of the above Answer: A Diff: 2 Topic: 11.1 Types of Foreign Exchange Exposure Skill: Recognition 5) ________ exposure is the potential for accounting-derived changes in owners equity to occur because of the need to translate foreign currency financial statements into a single reporting currency. A) Transaction B) Operating C) Economic D) Accounting (aka translation) Answer: D Diff: 2 Topic: 11.1 Types of Foreign Exchange Exposure Skill: Recognition 6) Losses from _____