Multilateral netting would enable an MNE with numerous subsidiaries to ________
A) consolidate intracorporate cash transfers and reduce transaction fees
B) charge its subsidiaries as they exchange goods and services with the parent company
C) transfer goods and services within the firm without paying host-country taxes
D) channel funds from small subsidiaries to large ones without paying interest
A
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Annual Percentage Rate (APR) is the most important required disclosure under FTL.
a. true b. false
Jennifer signs a promissory note to pay $2,500 to Clara. Clara negotiates the instrument and indorses it to Anthony. Anthony alters the note to make the payment amount $25,000 and negotiates the note to Nicholas
Nicholas indorses the note and negotiates it to Mack. Nicholas and Mack are both unaware of Anthony's alteration. If Mack presents the note to Jennifer for payment, how much, if anything is Jennifer obligated to pay? A) $25,000 B) $22,500 C) $2,500 D) Jennifer is not obliged to pay Mack