20. The Agency for International Development (AID) is an agency of one of the following US government agencies .

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20. Economists regard the creation of the Euro as a new European currency in the international monetary system as the most important development since .

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24. A portfolio manager has decided to invest a total of $2 million on US and Japanese portfolios. The expected returns are 12 percent on the US portfolio and 20 percent on the Japanese portfolio. What is the expected return of an international portfolio with 40 percent invested in the US portfolio and 60 percent invested in the Japanese portfolio?

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25. Kenneth Shad has decided to invest a total of $200,000 on US and French portfolios. The expected returns are 20 percent on the French portfolio and 17 percent on an international portfolio. The international portfolio consists of 60 percent invested in the US portfolio and 40 percent invested in the French portfolio. What is the expected return on the US portfolio?

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20. Which of the following statements about international investment correlation is not true?

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18. The International Development Association (IDA) was established in 1960 as an affiliate of the World Bank Group and its credit terms are generally extended for years.

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