FindFind

International Financial Management

14th Edition
Madura
Publisher: Cengage
ISBN: 9780357130698
FindFind

International Financial Management

14th Edition
Madura
Publisher: Cengage
ISBN: 9780357130698

Solutions

Chapter 21, Problem 1CT
Textbook Problem

Optimal Use of Cash in Foreign Countries Some foreign subsidiaries maintain cash in bank accounts that earn very low interest rates. If they invested the money to expand, they would likely have earned a higher return. Write a short essay that either criticizes or defends a subsidiary’s decision to maintain funds as deposits rather than expand its business.

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