One reason that capital markets are not truly global is
A) exchange rates are too volatile.
B) investors are too timid.
C) some firms are not allowed to sell their shares in other countries.
D) there is not a global standard for international financial reporting.
E) both c and d are true.

Question

Quizplus · Accepted Answer

Some firms are not allowed to sell their shares in other countries, and there is not a global standard for international financial reporting, which hinders the creation of a truly global capital market. The other options, such as exchange rate volatility and investor timidity, may affect the functioning of the capital market but do not fundamentally prevent it from being global.

One Reason That Capital Markets Are Not Truly Global Is