The fiduciary responsibility of board members means that they
a. protect the interests of all shareholders.
b. resolve principal-agent problems.
c. make sure the interests of large shareholders are protected first.
d. reject the notion of maximizing shareholder value.
e. none of the above.
A
Economics
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A rise in the domestic interest rate leads to capital
a. outflows and exchange rate appreciation. b. outflows and exchange rate depreciation. c. inflows and exchange rate depreciation. d. inflows and exchange rate appreciation.
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The benefits of international trade include
a. more choice for consumers b. efficiency gains from specialization c. more competition d. all of the above e. (a) and (c) only
Economics