Discuss the use of the IMF's SDR in international transactions?
What will be an ideal response?
The SDR is an international reserve asset that member countries can add to their foreign currency and gold reserves and use for payments requiring foreign exchange. Its value is set daily using a basket of four major currencies: the euro, Japanese yen, pound sterling, and U.S. dollar. Originally, the SDR was created to permit governments to discharge their international obligations. However, because the IMF publishes daily quotations on the exchange value of the SDR, the SDR has become widely accepted as a private currency basket. Today, private banks commonly accept deposits denominated in SDRs; and loans, especially those made by governments dealing with the IMF, are denominated in SDRs.
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a. debit to Unearned Services, $23,500 . b. credit to Income from Services, $32,000 . c. debit to Unearned Services, $8,500 . d. debit to Cash, $23,500 .
In a field research survey, participants are given a description of a market offering, typically the present industry standard, that serves as a(n) benchmark offering
They then are asked how much more their firm would be willing to pay for selected additions (or increases) in attributes or features to this offering. a. benchmark b. internal engineering assessment c. focus group value d. compositional
Gloria's employer deducted 20 percent of her pay in the month of January due to personal problems he had with her. Under the Lilly Ledbetter Fair Pay Act, what period of time does Gloria have to file an employment discrimination claim?
A) within the month of July the same year B) within the end of the financial year C) within the month of April the same year D) she cannot file such a claim, as she was not discriminated against.
A contract for a sale of land from Evergreen Properties, Inc., to Longlife Investment Corporation contains an erroneous legal description. The most appropriate remedy for these parties is
A. quasi-contractual recovery. B. reformation. C. rescission. D. specific performance.