The oowing is are true reganding the exchange rate a. t is the price in terms of

Question

The oowing is are true reganding the exchange rate a. t is the price in terms of another of one currency C it should have minimal influence on company sales and profits. d. nising inflation in a country buying power is accurately reflected by it the value of its currency e all ofthe above a European Central Bank (ECB) not individual countries set monetary policy b. interest rates can be 32 All of the following are costs/drawbacks to the euro can require fiscal transfers from wealthy to poorer areas. e. all of the above. 33. According to the U.S. Department of Commerce, FDI oceurs whenever a U.S. citizen, organization, or affiliated group takes an interest of percent or more in a foreign a. 35 10 b. d. 25 e. 50 34, The tollowing are true about balance of payments exoept a. exports are not recorded in balance of payments accounting. b. double entry accounting is used in theory c. the capital/financial account and the current account have an inverse relationship. d. international accounting plugs in "net errors and omissions" to make the current and capital/financial accounts balance out. e. it is a cash flow statement. e rate of exchange of currencies for immediate delivery (two days) is referred to as: a. instant delivery b. spot rate. c. immediate rate. d. fixed rate. e. none of the above 36. If you can buy a mobile phone for the equivalent of US $450 in Mexico and the spot exchange rate (in US terms) is 05370, what is the approximate cost of the mobile phone in Mexican Pesos? a. 5,250 b. 8,400 c. 840 d. 240 e. 24 4.

Explanation / Answer

31) The following is true regarding the exchange rate-

A) It is price of one currency in terms of another

32) All of the following are costs/drawbacks to euro

E) All of the above

33) Fdi occurs when an organization take an interest of how many percent in foreign business

?B) 10 %

35) rate of exchange of currency for immediate delivery is referred as

B) Spot Rate

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