1 the iso code for cny is the currency for a onshore, Ask an Expert

Finance

1. The ISO code for CNY is the currency for ...

A) Onshore trading of CNY and HKD

B) Onshore trading of the Chinese Yuan in China

C) Offshore trading of the Chinese Yuan in Hong Kong

D) Offshore trading of HKD in China

2. Current Transfers - those transactions that are unilateral - are NOT considered as economic transactions, because there is no exchange of goods for money

A) True

B) False

3. Hyundai buys USD 5.5 Billions worth of corporate bonds issued by Fords Motor (USA). This purchase amounts to 15% of Fords' all outstanding bonds. This transaction should be recorded in which of the folowing account?

A) US Direct Investment; debit

B) US Portfolio investement; credit

C) US Direct Investment; Credit

D) US Portfolio investment; Debit

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92687920

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