A number of financial instruments that are used in domestic financial management have been modified for use in international financial management. Examples are foreign currency options and futures, interest rate and currency swaps, and letters of credit.

Question

Quizplus · Accepted Answer

This statement is true, as financial instruments such as foreign currency options and futures, swaps, and letters of credit are used in both domestic and international financial management, although they may have some modifications or adaptations for use in cross-border transactions.

A Number of Financial Instruments That Are Used in Domestic