(I) Controls on capital outflows may increase capital flight by weakening confidence in the government. (II) Controls on capital outflows are an inadequate substitute for financial reform to deal with currency crises
A) (I) is true; (II) false.
B) (I) is false; (II) true.
C) Both are true.
D) Both are false.
C
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The following balance sheet information is provided for Santana Company for Year 2:Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets$80,650 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity$80,650 What is the company's debt to equity ratio? (Rounded to nearest whole percent.)
A. 42% B. 77% C. 130% D. 43%
An aspiration group is one
A. that a person feels is significantly above him or her in terms of socioeconomics. B. that a person wishes to maintain a distance from because of differences in values or behaviors. C. that a person knows he or she can never really fit into because of basic cultural differences. D. to which a person belongs, and wishes to continue with. E. that a person wishes to be a member of or wishes to be identified with.
Which of the following are hallmarks of Erving Goffman’s ‘Total Institutions’?
a. Organizations that contain the totality of the lives of those who are their members b. Organizations that cut off their members from any wider society for a relatively long time c. Organizations that can be found, albeit in usually less extreme cases, in most ‘normal’ organizations d. All of the above
St. Clair Company reports positive current E&P of $500,000 in 20X3 and positive accumulated E&P at the beginning of the year of $400,000. St. Clair Company distributed $600,000 to its sole shareholder, Danielle Brush, on December 31, 20X3. Danielle's tax basis in her St. Clair stock is $120,000. How much of the $600,000 distribution is treated as a dividend to Danielle, and what is her basis in St. Clair stock after the distribution?
What will be an ideal response?