A major impact of the transatlantic telegraph was
A) a reduction in time required to complete a financial transaction between New York and London
B) an increase in labor flows across the Atlantic.
C) a decrease in trade barriers between the United States and Europe.
D) an increase in trade conflicts between the United States and Europe.
E) that nations abandoned the gold standard.
A
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If investors can cover themselves in the forward market, they will take advantage of interest rate differentials by:
a. buying assets (lending) denominated in the high-interest rate currency, and selling assets (borrowing) in the low-interest rate currency. b. removing funds from both investments. c. turning over their investment portfolio to an expert in one of the two nations. d. selling assets denominated in high-interest rate currency and buying assets in the low-interest rate currency.
A monetary expansion ________ stock prices due to a decrease in the ________ and an increase in the ________, everything else held constant
A) reduces; future sales price; expected rate of return B) reduces; current dividend; expected rate of return C) increases; required rate of return; future sales price D) increases; required rate of return; dividend growth rate