In General, MNCs Probably Prefer to Use ____ Foreign Debt

question 29

Multiple Choice

In general, MNCs probably prefer to use ____ foreign debt when their foreign subsidiaries are subject to ____ local interest rates.

• A)more; low
• B)more; high
• C)less; low
• D)B and C
• E)none of the above

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Definitions:

Social Security Numbers

A nine-digit number issued to U.S. citizens, permanent residents, and temporary working residents that serves as a national identification number for taxation and other purposes.

Trial Notebook

A comprehensive collection of documents and notes organized by attorneys for use in a trial.

Pleadings

Written statements filed with the court that outline the parties' positions, claims, and defenses in a legal case.

Marginal Profit

Marginal profit is the additional profit gained from producing or selling one more unit of a good or service.