Which of the following statements is false?
1
Borrowers are the issuers of debt instruments in the form of Promissory Notes, Bonds and Commercial Paper.
2
The needs of borrowers differ in terms of amounts, the length or period for which borrowings are needed, and the currency in which borrowings are raised.
3
International finance focuses on areas such as foreign direct investment and currency exchange rates.
4
When the dollar rises in value relative to a foreign currency, the current assets and current liabilities of a U.S. foreign subsidiary increase in dollar value