If the European Subsidiary of a U

question 1

Multiple Choice

If the European subsidiary of a U.S. firm has net exposed assets of euro 500,000, and the euro increases in value from $1.30/euro to $1.35/euro the U.S. firm has a translation

• A) gain of $25,000.
• B) loss of $25,000.
• C) gain of $525,000.
• D) loss of euro 525,000.

---

Definitions:

Homage to Steve Biko

An expression of respect or tribute to Steve Biko, a notable anti-apartheid activist in South Africa.

Apartheid

A policy of racial segregation and discrimination enforced by the South African government from 1948 to 1994.

Viennese Holocaust Memorial

A memorial in Vienna, Austria, dedicated to the Jewish victims of the Holocaust, designed by British artist Rachel Whiteread.

Rachel Whiteread

A British artist known for her sculptures, which often involve casting the space around or within objects to explore presence and absence.