1. which factor determines the foreign exchange rate any currency?

• Universal trade of the
• currency
• Supply and demand for the currency
• The age of the currency
• Business economics of the currency

2. which risk must a corporation minimize if it is to effectively manage short-term currency fluctuations

• Beta risk
• Hedging
• Alpha risk
• Transaction risk

3. Which policy does a country use ti determine the exchange rate of their currency in relationship to another country's currency if they do not rely on market forces?

• Clean float rate policy
• Fixed rate policy
• Flexible rate policy
• Floating rate policy

4. which term refers to trading currencies and currency derivatives in order to earn profits and help make prices efficient?

• Investing  
• Brokering
• Day trading
• Speculation

5. which type of advantage is gained by a company based on where it operates?

• Life cycle-specific
• Innovation-specific
• Institution-specific
• Location-specific  

6. who gains from erecting significant entry barriers for other entrants?

• Late mover
• Early movers
• Laggard
• First movers