A U.S. corporation investing in a foreign corporation by purchasing stock on a foreign stock exchange is an example of direct foreign investment.
True
False
An indirect quote indicates the number of units of foreign currency that can be bought for one unit of the home currency.
True
False
Most major countries in the world have agreed on fixed exchange rates in order to facilitate international trade.
True
False
The forward exchange rate quoted today should be equal to the spot rate in the future.
True
False