If you were trading currency in the New York currency market, the exchange rate between two currencies not expressed in U.S. dollars would be known as the ________ quote
A) direct
B) indirect
C) cross-rate
D) European
Answer: C
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A return of merchandise would be recorded by the seller as a
a. debit to Sales Returns and Allowances. b. debit to Accounts Receivable. c. debit to Cash. d. credit to Purchases Returns and Allowances.
Equity earnings are excluded from earnings for the times interest earned coverage
Indicate whether the statement is true or false
Which of the following best describes the relationship between primary and secondary ambient air quality standards?
A) If the primary standards are met within three years of creation of a state implementation plan, then the secondary standards need not be met. B) Both the primary and secondary standards must be met within five years of their creation. C) The primary standards must be met within three years of the creation of a state implementation plan, and the secondary standards must be met within a reasonable time. D) The primary standards must be met within a year of their creation, and the secondary standards must be met as soon as economically feasible.
Both the Justice Department and the Federal Trade Commission have the authority to enforce antitrust laws
a. True b. False Indicate whether the statement is true or false