Sweden's "Use It or Lose It" Paid Parental Leave Policy

question 20

Multiple Choice

Sweden's "use it or lose it" paid parental leave policy encourages greater participation of fathers in caring for newborn children by __________.

• A) disallowing fathers to transfer their paid leave days to their female partners
• B) giving fathers more days of paid leave than mothers
• C) disallowing paid leave for parents of adopted children
• D) rewarding fathers with cash incentives to leave employment altogether

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Definitions:

Forward Exchange Contract

A financial derivative that locks in the exchange rate at which a currency can be bought or sold on a future date.

Fair Value Hedge

A hedge of the exposure to changes in fair value of a recognized asset or liability or an unrecognized firm commitment, or an identified portion of such an asset, liability, or firm commitment, that is attributable to a particular risk and could affect profit or loss.

Local Currency Units

The monetary units issued by a country's central bank, used as the standard for financial transactions within that country.

Exchange Rates

The rate at which one currency can be exchanged for another, influencing how much of one currency you get for another.