Stage 5 Testing 2:True-False Statements
In this part of the test,you will read ten statements about the information presented in the lecture.First read the statement carefully.Then check your notes to decide whether the statement is true or false.If it is true,write a T in the blank space before the statement; if it is false,write an F in the blank.
1._______Transactions between foreign lenders and domestic borrowers are described as offshore financial transactions.
2._______The financial services provided by offshore financial centers do not include global fund custody and asset management.
3._______Great Britain used to be the most powerful economy in the world but was replaced by the United States after the Second World War.
4._______More offshore financial centers are found in Americas than in other parts of the world.
5._______International investors can trade currency interest rate instruments and equity derivatives in Singapore.
6._______As a result of strong opposition of international law scholars and experts,the number of offshore financial centers has been reduced to seventeen.
7._______Offshore financial centers make it possible for global business to operate around the clock because they are located in various time zones.
8._______Multinational corporations will give up the idea of establishing an offshore bank when it comes to providing funding for an international joint venture.
9._______Proponents argue that offshore financial centers can promote international finance and trade and contribute to the economic growth of small economies.
10._______Critics claim that offshore financial centers are responsible for the operations of massive criminal enterprises and corrupt corporations that pose a great threat to world peace and security.