Answer the following statements true (T) or false (F)
1. The North American Free Trade Association (NAFTA) continues to generate more foreign trade despite some negative political views.
2. During the global financial crisis that began in late 2008, the dollar fell in value relative to the British pound and the euro.
3. All of the countries that joined the "Eurozone" have experienced economic success for various reasons.
4. One benefit in joining the "Eurozone" was to have easy access to borrowing.
5. When a country has a weak currency relative to other countries, visiting that country is much more expensive for people that don't live in that country.
1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. FALSE
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The nominal interest rate adjusted for expected inflation is the
A. expected real interest rate. B. realized real interest rate. C. after-tax real interest rate. D. yield curve.
Which of the following is one of the criteria that have been suggested for lease capitalization?
a. The lessee treats lease payments as periodic expenses. b. The lessor pays costs normally incident to ownership. c. The lessee treats the lease as a purchase for tax purposes. d. Leased property is special purpose to the lessor.
An ethics program can clarify what a company considers to be unacceptable conduct.
Answer the following statement true (T) or false (F)
All the following variables are used in computing the cost of debt EXCEPT
A) risk-free rate. B) number of years to maturity. C) market price of the debt. D) maturity value of the debt.