Which of the following caused a decline in the dollar/yen carry trade during 2008-2009?
A. Increase in risk appetite making the carry trade less attractive
B. Decrease in interest rate differentials as the U.S. rates came down
C. Increase in interest rate differentials as Japanese interest rates came down
D. Decrease in interest rate differentials as the U.S. interest rates went up
E. Decrease in interest rate differentials as the Japanese rates went up
Ans: B. Decrease in interest rate differentials as the U.S. rates came down
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Who wrote “Bowling Alone: America’s Declining Social Capital” to discuss the decline in civic engagement among Americans?
A. Bill Gates B. Robert Putnam C. Lester Salamon D. Michael Moore
Investing activities include: (a) the purchase and sale of long-term assets, (b) loaning money in return for notes receivable, and (c) the purchase and sale of short-term investments.
Answer the following statement true (T) or false (F)
Peterson Inc uses direct labor hours as the cost driver for variable overhead. Which of the following items does not need to be known, in order to calculate the variable overhead spending variance?
A) Actual overhead costs B) Actual direct labor hours C) Standard variable overhead rate per direct labor hour D) Standard direct labor hours allowed
An agency that occurs when a principal and an agent categorically agree to enter into an agency agreement with each other is known as a(n) ________
A) agency by ratification B) implied agency C) apparent agency D) express agency