key terms define each of the following terms a multinational or global corporation b 1550015

KEY TERMS Define each of the following terms:

a. Multinational, or global, corporation

b. Vertically integrated investment

c. International monetary system

d. Exchange rate

e. Freely floating regime; managed-float regime

f. Currency board arrangement

g. Fixed-peg arrangement

h. Cross rate

i. American terms; European terms

j. Direct quotation; indirect quotation

k. Spot rate; forward exchange rate

l. Discount on forward rate; premium on forward rate

m. Interest rate parity; purchasing power parity

n. Eurocredits; eurodollar

o. Eurobond; foreign bond

p. American Depository Receipts (ADRs); repatriation of earnings

q. Country risk; exchange rate risk; political risk; business climate