Contemporary Financial Management

12th Edition Moyer Test Bank

Visit to download the full and correct content document:
https://testbankdeal.com/download/contemporary-financial-management-12th-edition-
moyer-test-bank/
Contemporary Financial Management 12th Edition Moyer Test Bank

Chapter 2: THE DOMESTIC AND INTERNATIONAL FINANCIAL

MARKETPLACE

MULTIPLE CHOICE

1. The difference between merchandise exports and imports is known as the ____.
a. transaction exposure
b. difference in purchasing power
c. merchandise trade balance
d. import/export reserve
ANS: C PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand derivative market TOP: The global economy

2. A multinational firm ____.

a. has direct investments in manufacturing facilities in more than one country
b. exports finished goods for sale in another country
c. imports raw materials from another country
d. has a manufacturing representative in another country
ANS: A PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand the role of the finance function TOP: The global economy

3. The interest rate at which banks in the Eurocurrency market lend to each other is known as the ____.
a. Eurocurrency currency rate (ECR)
b. London interbank offer rate
c. exchange rate
d. interest rate parity
ANS: B PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Knowledge of financial markets and interest rates TOP: The Eurocurrency market

4. If Japanese yen are deposited in a bank in Paris, the deposits would be called ____
a. Eurofrancs
b. European Currency Unit
c. Eurobond
d. Euroyen
ANS: D PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Knowledge of financial markets and interest rates TOP: The Eurocurrency market

5. An exchange rate quoted as $1.47 per British pound is known as a ____ quote.
a. hedge
b. direct
c. futures
d. indirect
ANS: B PTS: 1 OBJ: TYPE: Fact NAT: Analytic skills
LOC: Understand derivative market TOP: Direct and indirect quotes

6. If the spot rate for Swiss francs is $0.6658/franc and the 180-day forward rate is $0.6637, the market is
indicating that the Swiss franc is expected to
a. strengthen relative to the dollar
b. weaken relative to the ECU

Visit TestBankDeal.com to get complete for all chapters

 c. lose value relative to the dollar over the next 6 months
d. gain value relative to the dollar over the next 6 months
ANS: C PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand derivative market TOP: Forward rates

7. Which of the following is not a correct statement about foreign currency futures?
a. futures contracts have a standardized maturity date
b. futures contracts are an exchange-traded agreement
c. futures contracts are not liquid
d. futures contracts are "marked to market" daily
ANS: C PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand derivative market TOP: Foreign currency futures

8. The most important foreign currency futures market in the United States is the ____.
a. Chicago Board of Trade
b. New York Mercantile Exchange
c. Commodity Exchange
d. Chicago Mercantile Exchange
ANS: D PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand derivative market TOP: Foreign currency futures

9. The buyer of a foreign currency call option has the ____ a fixed amount of a foreign currency.
a. right to sell
b. right but not the obligation to buy
c. obligation to buy, only at expiration,
d. obligation to buy
ANS: B PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand derivative market TOP: Foreign currency options

10. Eurodollars are U.S. dollars that have been deposited in

a. foreign banks
b. foreign branches of U.S. banks
c. foreign subsidiaries
d. foreign banks and foreign branches of U.S. banks
ANS: D PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand derivative market TOP: The Eurocurrency market

11. If the exchange rate from U.S. dollars to Canadian dollars is $0.80/Canadian dollar, then the exchange
rate from Canadian dollars to U.S. dollars is
a. 0.80 Canadian $/US dollar
b. $1.25 Canadian $/US dollar
c. $1.20 Canadian $/US dollar
d. $8.00 Canadian $/US dollar
ANS: B PTS: 1 OBJ: TYPE: Fact NAT: Analytic skills
LOC: Understand derivative market TOP: Direct and indirect quotes

12. If the exchange rate from U.S. dollars to Swiss francs is $0.20/franc, then the exchange rate from
francs to dollars is
a. 0.20 francs/dollar
b. 0.80 francs/dollar
 c. 5.0 francs/dollar
d. 2.0 francs/dollar
ANS: C PTS: 1 OBJ: TYPE: Fact NAT: Analytic skills
LOC: Understand derivative market TOP: Foreign currencies and exchange rates

13. If the spot rate (in U.S. dollars) for Japanese Yen is 0.00703 and the 180 day forward rate is 0.00717,
then the Yen is trading at a(n) ____.
a. expected gain
b. premium
c. reciprocal
d. discount
ANS: B PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand derivative market TOP: Foreign currencies and exchange rates

14. If the forward (direct quote) exchange rate is lower than the spot rate, then the currency is said to be
trading at a ____.
a. forward premium
b. forward gain
c. forward discount
d. forward loss
ANS: C PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand derivative market TOP: Foreign currencies and exchange rates

15. Financial middlemen include

a. securities brokers
b. securities dealers
c. investment bankers
d. all of the above
ANS: D PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Understand the role of the finance function
TOP: An overview of the U.S. financial system

16. The following are listed security exchanges in the United Sates:
a. New York Stock Exchange
b. Pacific Exchange
c. Cincinnati Exchange
d. All the above are listed exchanges
ANS: D PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Knowledge of financial markets and interest rates TOP: Listed security exchanges

17. The Standard and Poor's 500 Stock Price Index is a ____ index.
a. price weighted
b. market value weighted
c. price average
d. none of these answers is correct
ANS: B PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking
LOC: Knowledge of financial markets and interest rates TOP: Stock market indexes

18. Securities not listed on exchanges are said to be traded

a. on the AMEX
Another random document with
no related content on Scribd:
previous r, 14 ds, cl. R of 14 ds, join to p of 2nd r of flower, 14 ds, cl.
Reversing curve of ch, ch of 3 ds, 21 p’s sep by 2 ds, 3 ds. Rw, r of 14 ds,
join to p of 3rd r of flower, 14 ds, cl. R of 14 ds, p, 14 ds, cl. Reversing
curve of ch, make a ch of 14 ds, join to p of 4th r of flower, 14 ds. Rw, r of
14 ds, join to p of previous r, 14 ds, cl. Rw, r of 14 ds, join to p of next ch,
14 ds, cl. Reversing curve of ch, ch of 3 ds, 11 p’s sep by 2 ds, 3 ds. Rw, r
of 14 ds, join to p of next ch, 14 ds, cl. Repeat from * around. Tie and cut.
CT-251 Mat

Maypole Dance
MATERIALS: J. P. C T -C , Size 70, 3 balls.... Linen, 3
× 18 inches (for 6 coasters).
Starting at flower motif in the outside row, r of 3 ds, p, (4 ds, p) twice; 3 ds,
cl. Rw, ch of (5 ds, p) twice; 5 ds. * Rw, r of 3 ds, p, 4 ds, join to 2nd p of
first r, 4 ds, p, 3 ds, cl. Rw, ch of (5 ds, p) twice; 5 ds. Repeat from * 2 more
times. Fasten at base of first r. This completes a flower. Ch of 9 ds, p, 3 ds.
Rw, sm r of 9 ds, p, 5 ds, p, 4 ds, cl. Rw, sm r of 3 ds, join to p in preceding
ch, 6 ds, p, 3 ds, p, 6 ds, cl. Rw, ch of 10 ds. Rw, lr of 12 ds, p, 12 ds, cl. Ch
of 10 ds. Rw, sm r of 6 ds, p, 3 ds, p, 6 ds, p, 3 ds, cl. Rw, sm r of 4 ds, join
to last p of first sm r, 5 ds, p, 9 ds, cl. Ch of 3 ds, join to last p of the other
sm r, 9 ds. R of 3 ds, p, (4 ds, p) twice; 3 ds, cl. Rw, ch of 5 ds, p, 5 ds, join
to first p of last ch of corresponding flower motif, 5 ds. Rw, and complete
flower as before. Fasten at base of first r of flower.
Make 2 more groups same as this, but joining them to the preceding groups
at the 2 p’s of sm r’s and at the p of lr. These 3 groups make a half circle.
Make another half circle in this manner.
Cut 6 circles of linen, each 3 inches in diameter. Make a narrow hem
around each piece and sew lace to linen along the edges.
Blended pale-to-deep tones
of color.... J. & P. COATS
Shaded Tatting-Crochet
 Dainty Laces for Dress-up Handkerchiefs....

CT-226 Handkerchief

MATERIALS: J. P. C T -C , Size 70, 2 balls.... Steel

Crochet Hook No. 14.... Hemstitched linen handkerchief.
FIRST MOTIF.... Starting at center, ch 10. Join with sl st to form ring. 1st
rnd: Ch 3, dc in ring, ch 5, sc in 5th ch from hook (picot), in ring make (3
dc, picot) 7 times and dc. Join and break off.
SECOND MOTIF.... Starting at center, ch 10. Join with sl st to form ring.
1st rnd: Ch 3, dc in ring, ch 2, sl st in any picot on First Motif, ch 2, sc in
5th ch from hook on Second Motif. Complete rnd as for First Motif.
Make necessary number of motifs to go across each side of handkerchief,
joining them as Second Motif was joined to First Motif and leaving 3 picots
free on each side of joinings on each motif.
To form corner, make 2 more motifs, joining them to adjacent side motifs as
before so that there is only one picot free on each of the 4 corner motifs
inside the joinings.
FILL-IN-LACE.... Attach thread to a free picot between joinings, ch 3, dc
in next 3 free picots. Sl st in top of ch-3. Break off. Work all corners in this
manner.
Pin crocheted edging in place and sew 3 picots of each side motif to
handkerchief edge. Pin corners in place. Cut away linen under corner
motifs. Make a narrow hem. Sew crocheted corners in place.
CT-227 Pineapple

MATERIALS: J. P. C T -C , Size 70. 4 balls of White....

Steel Crochet Hook No. 13.... A hemstitched handkerchief 11½ inches
square.
1st rnd: Attach thread to any corner, 3 sc in same place, * 158 sc across to
next corner, 3 sc in corner. Repeat from * around. Join (644 sc). 2nd rnd:
Sl st in next sc, ch 6, dc in next sc, * (ch 3, skip 2 sc, dc in next sc) 53
times; ch 3, in next sc make dc, ch 3 and dc; ch 3, dc in next dc. Repeat
from * around, ending with dc in same place as first ch-6, ch 3, sl st in 3rd
ch of ch-6. 3rd rnd: Sl st in next sp, sc in same sp, * (ch 5, sc in next sp) 5
times; ch 10, skip 1 sp, sc in next sp. Repeat from * around. Join. 4th rnd:
Sl st to center of next loop, sc in same loop, * (ch 5, sc in next loop) 4
times; ch 3, 10 tr in next loop, ch 3, sc in next loop. Repeat from * around.
Join. 5th rnd: Sl st to center of next loop, sc in same loop, * (ch 5, sc in
next loop) 3 times; ch 3, (tr in next tr, ch 1) 9 times; tr in next tr, ch 3, skip
next sp, sc in next loop. Repeat from * around. Join. 6th rnd: Sl st to center
of next loop, sc in same loop, * (ch 5, sc in next loop) twice; ch 3, 3 dc in
next sp, (ch 3, sc in next sp) 9 times; ch 3, 3 dc in next sp, ch 3, sc in next
loop. Repeat from * around. Join. 7th rnd: Sl st to center of next loop, sc in
same loop, * ch 5, sc in next loop, ch 5, skip next sp, 3 dc in next sp, (ch 3,
sc in next loop) 8 times; ch 3, 3 dc in next sp, ch 5, skip next sp, sc in next
loop. Repeat from * around. Join. 8th rnd: Sl st to center of next loop, sc in
same loop, * ch 7, skip next sp, 3 dc in next sp, (ch 3, sc in next loop) 7
times; ch 3, 3 dc in next sp, ch 7, skip next sp, sc in next loop. Repeat from
* around. Join and break off.
Now work pineapples individually as follows: 1st row: Attach thread to
first ch-3 loop following the 3-dc group of next pineapple, ch 5, 3 dc in
same sp, (ch 3, sc in next loop) 6 times; ch 3, 3 dc in next sp. Ch 5, turn.
2nd row: 3 dc in next sp, (ch 3, sc in next loop) 5 times; ch 3, 3 dc in next
sp. Ch 5, turn. 3rd, 4th and 5th rows: Work in pattern, having 1 loop less
on each row. Ch 5, turn. 6th row: 3 dc in next sp, ch 3, sc in next loop, ch 3,
3 dc in next sp. Ch 5, turn. 7th row: 3 dc in each of next 2 sps. Ch 5, turn.
Sl st between 3-dc groups. Break off. Complete all pineapples in this
manner. Last rnd: Attach thread to ch-7 loop preceding first pineapple, sc
in same loop, * ch 7, sc in next loop, (ch 10, sc in next loop) 7 times; ch 7,
sc in next 2 loops. Repeat from * around. Join and break off.

CT-252 Butterfly

MATERIALS: J. P. C T -C , Size 70, 2 balls of Shaded

Orange.... Steel Crochet Hook No. 14.... A hemstitched handkerchief, 11½
inches square.
BUTTERFLY—Large Wing (Make 2).... Starting at center, ch 15. 1st
row: Dc in 4th ch from hook and in each ch across, ch 3; working along
opposite side of starting chain, make dc in each ch across. Ch 3, turn. 2nd
row: Skip first dc, dc in each dc across, making 3 dc, ch 3 and 3 dc in ch-3
sp. Ch 1, turn. 3rd row: Sc in first dc, sc in each dc across, making 5 sc in
ch-3 sp. Ch 5, turn. 4th row: * Skip next sc, dc in next sc, ch 2. Repeat
from * across to center sc of 5-sc group; in center sc make (dc, ch 2) 3
times and dc. Complete other side to correspond. Ch 1, turn. 5th row: 2 sc
in each sp across, making 5 sc in center sp at point. Ch 5, turn. 6th and 7th
rows: Repeat 4th and 5th rows. 8th row: Repeat 4th row. 9th row: * 3 sc in
next sp, ch 3, sc in 3rd ch from hook (picot made). Repeat from * across.
Break off.
SMALL WING (Make 2).... Work as for Large Wing until 6 rows are
completed. 7th row: Repeat 9th row of Large Wing.
BODY.... Starting at center, ch 5. Join with sl st to form ring. 1st rnd: Ch 4,
15 tr in ring. Join with sl st to 4th ch of ch-4. 2nd rnd: Ch 4, tr in same
place as sl st, 2 tr in each tr around. Join. 3rd rnd: Ch 4, tr in same place as
sl st, * tr in next tr, 2 tr in next tr. Repeat from * around. Join and break off.
Gather center of straight edge of wings and sew to body. Pin Butterfly in
place on corner of handkerchief. Cut out material across back and make a
narrow hem neatly across. Sew Butterfly in place.
ANTENNAE.... Make a chain 2½ inches long. 1st row: 10 sc in 2nd ch
from hook, sl st in first sc, sc in each ch across, making 10 sc in last ch, sl st
in first sc of last 10-sc group. Break off. Sew Antennae in place.
EDGING.... 1st rnd: Attach thread to first hole on edge of handkerchief
following point of wing, sc closely around to point of next wing, making 3
sc in each corner, sl st in point of wing. Ch 4, turn. 2nd rnd: * Skip 1 sc, dc
in next sc, ch 1. Repeat from * across side to center sc of next corner; in
center sc make (dc, ch 1) twice and dc; work across other sides to
correspond. Sl st in point of next wing. Turn. 3rd rnd: In each sp around
make sc, picot and sc. Join to point of next wing. Break off.
CT-254 Butterfly

MATERIALS: J. P. C T -C , Size 70, 1 ball of

variegated color.... 1 hemstitched linen handkerchief 11 inches square.
Tie ball and shuttle threads together.
BUTTERFLY (Body).... Lr of 2 ds, 8 p’s sep by 2 ds, 2 ds, cl. Rw, r of 8
ds, sm p, 8 ds, cl (head). Tie. Sp of 1/16 inch. Join to first p of lr, (ch of 5 ds,
p, 5 ds, join to next p of same lr) 7 times. Turn. Ch of 7 ds, join to p of last
picot chain, (ch of 5 ds, p, 5 ds, join to p of next ch) 6 times; ch of 7 ds, join
to p of lr. Tie and cut. Attach thread to 3rd picot chain, ch of 3 ds. Rw, r of
10 ds, p, 10 ds, cl. Rw, ch of 15 ds, join to p of last r. Rw, r of 10 ds, p, 10
ds, cl. Rw, ch of 15 ds, sm p, 10 ds. Rw, r of 10 ds, join to p of last r, 10 ds,
cl. Rw, r of 10 ds, p, 10 ds, cl. Rw, ch of 15 ds, join to p of last r. Rw, r of 5
ds, lp, 5 ds, cl. Rw, ch of 15 ds, join at base of next-to-last r, ch of 10 ds, sm
p, 15 ds, skip 2 rings, join to p of the next r, ch of 15 ds, join at base of
same r. Reverse curve of chain, ch of 3 ds, join to next picot chain. Tie and
cut.
ANTENNAE.... Sm r of 2 ds, sm p, 2 ds, cl. Rw, ch of 30 ds (to form slight
curve), join to sm p of r of head. Reverse curve of chain, ch of 30 ds. Rw,
sm r of 2 ds, sm p, 2 ds, cl. Tie and cut.
UPPER WING.... Lr (same as for Body). Rw, lr. Tie. Sp of 1/16 inch, join
to last p of preceding lr. Rw, (ch of 5 ds, p, 5 ds, join to next p of same lr) 7
times. Ch of 5 ds, p, 5 ds, join to first p of next lr. (Ch of 5 ds, p, 5 ds, join
to next p of same lr) 7 times. Join to first picot chain of next lr. (Ch of 5 ds,
p, 5 ds, join to next picot chain of same lr) twice. Ch of 5 ds, join to 2nd
picot chain of Body, 5 ds, join to next picot chain of Upper Wing. Ch of 5
ds, join to next picot chain of Body, 5 ds, join to next picot chain of Upper
Wing. (Ch of 5 ds, p, 5 ds, join to next picot chain of Upper Wing) 11 times.
Tie and cut. Make opposite Upper Wing the same, joining to correspond.
LOWER WING.... Lr (same as for Body). Sp of 1/16 inch, join to last p of
lr. (Ch of 5 ds, p, 5 ds, join to next p of same lr) 7 times. Turn. Ch of 7 ds,
join to last picot chain of Lower Wing, ch of 5 ds, join to 2nd picot chain of
Body (previously joined to Upper Wing), 5 ds, join to next picot chain of
Lower Wing. Ch of 5 ds, join to next picot chain of Upper Wing, 5 ds, join
to next picot chain of Lower Wing. (Ch of 5 ds, p, 5 ds, join to next picot
chain of Lower Wing) 3 times. Ch of 5 ds, join to sm p of chain of Body, 5
ds, join to next picot chain of Lower Wing. Ch of 5 ds, p, 5 ds, join to p of
lr of Lower Wing. Turn. Ch of 7 ds, join to last picot chain. Ch of 5 ds, join
to 3rd joined picot chain of Body. Tie and cut. Make opposite Lower Wing
the same, joining to correspond.
Sew in place. Cut away part of corner of Handkerchief (underneath lower
wings), and make a narrow rolled hem.
EDGING.... Tie ball and shuttle threads together. Attach to edge of
handkerchief, close to Butterfly. * Ch of 5 ds, p, 5 ds, leaving sp of ⅜ inch
on edge of linen and join to edge. Repeat from * around. Tie and cut.
 Tatted Edgings
Sheer and Lovely

CT-234 Edging
MATERIALS: J. P. C T -C , Size 70, 1 ball.
Tie ball and shuttle threads together. R of (1 ds, p) 10 times, 1 ds, part cl. *
Sp of ¼ inch. Rw, ch of 5 ds, p, 5 ds. Rw, r of 1 ds, join to last p of
preceding r, 1 ds, join to next p of same r, (1 ds, p) 8 times, 1 ds, part cl.
Repeat from * for length desired. Tie and cut.

CT-236 Edging

MATERIALS: J. P. C T -C , Size 70.

Tie ball and shuttle threads together. 1st row: * Lr of (2 ds, p) 13 times, 2
ds, cl. Rw, ch of 3 ds, 4 p’s sep by 3 ds, 3 ds. Rw, r of 8 ds, p, 8 ds, cl. Rw,
ch as before. Repeat from * until piece measures slightly longer than length
desired. Tie and cut. 2nd row: R of 3 ds, p, * 3 ds, join to 6th p of lr of 1st
row, 3 ds, p, 3 ds, cl. Rw, ch of 2 ds, 5 p’s sep by 2 ds, 2 ds. Rw, sm r of (2
ds, p) 5 times, 2 ds, cl. Rw, ch as before. Rw, r of 3 ds, join to p of adjacent
3-p r, 3 ds, join to 8th p of same lr, 3 ds, p, 3 ds, cl. Rw, ch as before. Rw, r
of 3 ds, join to p of preceding r, (3 ds, p) twice, 3 ds, cl. R of 3 ds, p, 3 ds,
join to p of next r of 1st row, 3 ds, p, 3 ds, cl. R of (3 ds, p) 3 times, 3 ds, cl.
Rw, ch as before. Rw, r of 3 ds, join to last p of preceding r. Repeat from *
across. Tie and cut.

CT-237 Edging

MATERIALS: J. P. C T -C , Size 70.

Tie ball and shuttle threads together. 1st row: R of 3 ds, 3 p’s sep by 1 ds, 2
ds, p, 2 ds, 3 p’s sep by 1 ds, 3 ds, cl. * Rw, ch of 3 ds, 3 p’s sep by 1 ds, 3
ds. Rw, r of 3 ds, join to last p of previous r, (1 ds, join to next p of same r)
twice; 2 ds, p, 2 ds, 3 p’s sep by 1 ds, 3 ds, cl. Repeat from * for length
desired. Tie and cut. 2nd row: Fasten ball and shuttle threads to center p of
first ch of 1st row. Ch of 3 ds, 3 p’s sep by 1 ds, 3 ds, join to center p of
next ch. * Ch of 3 ds, 3 p’s sep by 1 ds, 3 ds. Rw, r of 3 ds, p, 3 ds, join to
center p of next ch, 3 ds, p, 3 ds, cl. Rw, r of 3 ds, 3 p’s sep by 1 ds, 3 ds, cl.
(Ch as before and join to center p of next ch) twice. Repeat from * across.
Tie and cut.
CT-233 Edging
MATERIALS: J. P. C T -C , Size 70.
Tie ball and shuttle threads together. 1st row: R of (2 ds, p) 3 times, 2 ds, cl.
Rw, ch of 5 ds, p, 5 ds, join to last p of r, * (ch of 5 ds, p, 5 ds, join to next p
of same r) twice. This constitutes a cluster. Rw, ch of 5 ds, p, 5 ds. R of (2
ds, p) 3 times, 2 ds, cl. Rw, ch of 5 ds, join to p of last ch of previous
cluster, 5 ds, join to p of r. Repeat from * for length desired. Tie and cut.
2nd row: Fasten ball and shuttle threads to p of first ch (between clusters)
of 1st row. * Ch of 5 ds, p, 5 ds, join to p of next ch (between clusters).
Repeat from * across. Tie and cut.

CT-239 Edging

MATERIALS: J. P. C T -C , Size 70, Yellow and Dark

Lavender.
Use Dark Lavender on shuttle and Yellow on ball. Tie ball and shuttle
threads together. 1st row: R of 4 ds, p, 2 ds, 2 p’s sep by 1 ds, 2 ds, p, 4 ds,
cl. * Rw, ch of 3 ds, 3 p’s sep by 3 ds, 3 ds. Rw, r of 4 ds, join to last p of
preceding r, 2 ds, 2 p’s sep by 1 ds, 2 ds, p, 4 ds, cl. Repeat from * for
length desired. Tie and cut. 2nd row: R of 3 ds, 2 p’s sep by 2 ds, 1 ds, join
to center p of first ch of 1st row, 1 ds, 2 p’s sep by 2 ds, 3 ds, cl (joining r
made). Rw, ch of 3 ds. Rw, r of 3 ds, p, 3 ds, 3 p’s sep by 1 ds, 3 ds, p, 3 ds,
cl. * Rw, ch of 3 ds. Rw, make joining r as before and join to center p of
next ch. Rw, ch of 3 ds. Rw, lr of 3 ds, join to last p of adjacent r, 3 ds, 5 p’s
sep by 1 ds, 3 ds, p, 3 ds, cl. Rw, ch of 3 ds. Rw, make joining r. Rw, ch of 3
ds. Rw, r of 3 ds, join to last p of lr, 3 ds, 3 p’s sep by 1 ds, 3 ds, p, 3 ds, cl.
Repeat from * across. Tie and cut.

CT-238 Edging

MATERIALS: J. P. C T -C , Size 70.

Tie ball and shuttle threads together. FIRST MOTIF.... Lr of (4 ds, p) 3
times, 4 ds, cl. Rw, ch of 3 ds, 4 p’s sep by 3 ds, 3 ds. Rw, sm r of 3 ds, join
to last p of lr, 3 ds, cl. Rw, ch as before. Rw, lr of 4 ds, p, 4 ds, join to center
p of previous lr, 4 ds, p, 4 ds, cl. Rw, ch as before. Rw, sm r of 3 ds, join to
free p of first lr, 3 ds, cl. Rw, ch as before. Join to base of first r. Tie and cut.
SECOND MOTIF.... Work as for First Motif until 3 p’s of first ch are
made, 3 ds, join to corresponding p of adjacent ch of First Motif, 3 ds. Rw,
sm r of 3 ds, join to last p of lr, 3 ds, cl. Rw, ch of 3 ds, join to
corresponding p of adjacent ch of First Motif. Complete as for First Motif
(no more joinings). Make necessary number of motifs, joining them as
Second Motif was joined to First Motif.
HEADING.... Fasten ball and shuttle threads to 3rd p of last ch of First
Motif. * Ch of 5 ds, 2 p’s sep by 5 ds, 5 ds, skip 2 p’s, join to next p. Repeat
from * across. Tie and cut.
FRINGE.... Cut 2 strands of thread, each 3 inches long. Double these
strands, thus forming a loop. Pull loop through a free picot on scalloped
edge, then draw loose ends through loop. Pull up tightly. Make a fringe in
each free picot across. Trim ends evenly.
CT-253 Mat and Napkin Breakfast Time

MATERIALS: J. P. C T -C , Size 70, 8 balls of Shaded

Pink.... Steel Crochet Hook No. 14.... ¾ yard of pink organdy.
GAUGE: 5 sps make 1 inch; 5 rows make 1 inch.
EDGING.... Starting at A on chart, ch 23. 1st row: Tr in 11th ch from hook
(sp made), (ch 3, skip 3 ch, tr in next ch) 3 times. Ch 7, turn. 2nd row: Skip
first tr, tr in next tr (sp made over sp), (ch 3, tr in next tr) twice; ch 3, skip 3
ch of turning chain, tr in next ch. Ch 10, turn. 3rd row: Tr in first tr (1 sp
increased at beginning of row), make 4 more sps. Ch 7, turn. 4th and 5th
rows: Make 4 sps. Ch 7, turn. 6th row: Make 4 sps, ch 7, tr in same tr as
last tr. Ch 7, turn. Skip 3 ch, tr in next ch. Ch 7, turn. Skip 3 ch, tr in next
ch. Turn (3 sps increased at end of row.) 7th row: Sl st in next 4 ch, ch 7, sp
over next 7 sps. Ch 7, turn. 8th row: Sp over each sp, inc 1 sp, turn. 9th
row: Sl st in each ch across sp, sl st in next tr (1 sp decreased at beginning
of row), ch 7, sp over each sp across. Ch 7, turn. 10th row: Sp over each sp
across. Turn. 11th row: Sl st across next 3 sps, ch 7, sp over next 4 sps. Ch
7, turn. Follow chart from A to B until 6 large scallops are completed. Now
follow chart from B to C to form corner. Break off. Attach thread at D and
follow chart to E, work in pattern until 8 large scallops are completed. Now
complete corner and next 2 sides to correspond. Sew first and last rows
together. Attach thread to inner edge and sc closely around. Join and break
off. Sc closely around outer edge. Pin edging in place over organdy. Sew
neatly in place. Cut out organdy in back of edging and make a narrow hem
all around.
CENTER INSERTION.... Starting at A on chart, ch 111. 1st row: Tr in
11th ch from hook, make 25 more sps across. Ch 7, turn. 2nd, 3rd and 4th
rows: Make sp over each sp across. Ch 7, turn. 5th row: Make 16 sps, 3 tr
in next sp, tr in next tr (bl made over sp), make 2 sps, 2 bls, 5 sps. Ch 7,
turn. 6th row: Make 4 sps, 1 bl, ch 3, skip 3 tr, tr in next tr (sp made over
bl), tr in next 4 tr (bl made over bl), make 3 sps, 1 bl, 15 sps. Ch 7, turn.
Starting with 7th row follow chart to top. Break off. Attach thread to any sp
and sc closely around. Join and break off. Place insertion in center of Mat
and sew neatly in place. Cut out organdy in back of insertion, allowing ¼
inch for hem. Turn edges under and sew neatly in place.
NAPKIN.... Cut a piece of organdy 8½ inches square. Make a narrow hem
all around outer edges.
EDGING.... 1st rnd: Attach thread to any corner and sc closely around,
making 5 sc in each corner. Join. 2nd rnd: Sl st to center sc of corner, ch 9,
tr in same sc, * ch 3, skip 2 sc, tr in next sc. Repeat from * around, making
tr, ch 5 and tr in center sc of each corner. Join to 4th ch of ch-9. 3rd rnd: Sc
in same place as sl st, 9 sc in corner sp, * sp in next tr, 3 sc in next sp.
Repeat from * around, making 9 sc in each corner sp. Join and break off.
CENTER INSERTION

EDGING
CT-232 Chair Set Bright Cluster

MATERIALS: J. P. C C ’ O.N.T. B S C
M C , Size 30: Small Ball: J. P. C —5 balls of White
or Ecru, or C ’ O.N.T.—7 balls of White or Ecru.... Steel Crochet
Hook No. 10.
Chair Back measures 10 × 14 inches.
Arm Piece measures 6 × 8 inches.
GAUGE: Each motif measures 2 inches square.
CHAIR BACK—First Motif.... Starting at center, ch 16. Join with sl st to
form ring. 1st rnd: Ch 4, holding back on hook the last loop of each tr
make 2 tr in ring, thread over and draw through all loops on hook (cluster
made); (ch 5, make 3-tr cluster in ring) 11 times; ch 2, dc in tip of first
cluster made. 2nd rnd: Sc in loop formed by dc, ch 4, sc in next loop, * ch
15, sc in next loop, (ch 4, sc in next loop) twice. Repeat from * around. Sl st
in first sc made. 3rd rnd: * In next ch-15 loop make (cluster, ch 5) 7 times
and cluster; skip 1 sc, sl st in next sc. Repeat from * around. Join and break
off.
SECOND MOTIF.... Work as for First Motif until 2 rnds are completed.
3rd rnd: * In next ch-15 loop make (cluster, ch 5) 4 times and cluster; (ch
2, sl st in corresponding loop on First Motif, ch 2, make cluster in same
loop on Second Motif) twice; ch 5, cluster in same loop on Second Motif,
skip next sc, sl st in next sc, in next ch-15 loop make cluster, ch 5 and
cluster; (ch 2, sl st in corresponding loop on First Motif, ch 2, make cluster
in same loop on Second Motif) twice. Complete rnd as for First Motif (no
more joinings).
Make 5 rows of 7 motifs, joining adjacent sides as Second Motif was joined
to First Motif.
ARM PIECE (Make 2).... Work as for Chair Back, making 3 rows of 4
motifs.
CT-246
Office Bound
Illustrated on Front Cover

MATERIALS: J. P. C C ’ O.N.T. B S C
M C , Size 30: Small Ball: J. P. C —5 balls of
White, or C ’ O.N.T.—6 balls of White.... Steel Crochet Hook No. 10.
GAUGE: 5 sps make 1 inch; 5 rows make 1 inch.
COLLAR—Side (Make 2).... Starting at point, ch 8. 1st row: Dc in 8th ch
from hook. Ch 5, turn. 2nd row: Dc in first dc, ch 2, skip 2 ch, dc in next
ch. Ch 5, turn. 3rd row: Skip first dc, dc in next dc, ch 2, dc in 3rd ch of
turning chain, ch 2, dc in same ch. Ch 5, turn. 4th row: Skip first dc, * dc in
next dc, ch 2. Repeat from * across, ending with dc in 3rd ch of turning
chain. Ch 5, turn. 5th row: Skip first dc, * dc in next dc, ch 2. Repeat from
* across, ending with dc in 3rd ch of turning chain, ch 2, dc in same ch. Ch
5, turn. Repeat 4th and 5th rows alternately until 43 rows are completed.
Break off.
MOTIF (Make 24).... Starting at center, ch 10. Join with sl st to form ring.
1st row: Sc in ring, ch 11, sc in 2nd ch from hook, sc in each ch across, sc