Which of the following is an example of foreign direct investment? Ford buys a controlling interest in Peugeot Citroën, a French automobile company. Wells Fargo Bank buys $10 million worth of Bank of England T-Bills. Dr. Gareau, a French biologist, buys $5,000 worth of shares of Toyota. Ford motor company puts $10 million from its pension fund into a mutual fund containing shares of foreign companies.

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter7: Economic Growth: Theory And Policy
Section: Chapter Questions
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Hello, I keep getting this question wrong on my practice quiz but im not sure what im doing wrong.

Which of the following is an example of foreign direct investment?
Ford buys a controlling interest in Peugeot Citroën, a French automobile company.
Wells Fargo Bank buys $10 million worth of Bank of England T-Bills.
Dr. Gareau, a French biologist, buys $5,000 worth of shares of Toyota.
Ford motor company puts $10 million from its pension fund into a mutual fund containing shares of foreign
companies.
Transcribed Image Text:Which of the following is an example of foreign direct investment? Ford buys a controlling interest in Peugeot Citroën, a French automobile company. Wells Fargo Bank buys $10 million worth of Bank of England T-Bills. Dr. Gareau, a French biologist, buys $5,000 worth of shares of Toyota. Ford motor company puts $10 million from its pension fund into a mutual fund containing shares of foreign companies.
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