The effectiveness of a hedge is determined to what degree the change in spot asset's value is correlated with the equal change in the hedge asset's value to a change in the underlying spot exchange rate

Indicate whether the statement is true or false.


Answer: FALSE

Business

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The Tax Court strictly follows the precedent of prior decisions of the Court of Appeals for a particular circuit when:

A. the taxpayer requests it to do so. B. the IRS requests it to do so. C. the taxpayer resides in the United States. D. the taxpayer resides in that circuit.

Business

You are a(n) ________ communicator when your intended message is sent accurately in the least amount of time.

A. economical B. collaborative C. formal D. efficient E. effective

Business

The current portion of notes payable is the principal amount that will be paid within two years of the balance sheet date, and the remaining portion is long term

Indicate whether the statement is true or false

Business

Discount loans to banks experiencing severe liquidity problems are called

A) primary credit. B) secondary credit. C) seasonal credit. D) lender-of-last-resort credit.

Business