The current indirect exchange rate is 0.849 CAD per USD. The anticipated annual inflation rate is 2% in the United States and 3% in Canada. What is the forward exchange rate?
A) 0.841 CAD per USD
B) 0.847 CAD per USD
C) 0.851 CAD per USD
D) 0.857 CAD per USD
Answer: D
Explanation: D) The forward exchange rate is: 0.849 ∗ (1.03/1.02) = 0.857
You might also like to view...
What is a mandatory requirement for successfully creating a new venture?
a. Being in the right place b. Always having a sense of urgency c. Spending time with customers in a selected industry niche d. Trusting your instincts
Answer the following statement(s) true (T) or false (F)
1. While there are guidelines in selecting the right intervention, the best practice is to work closely with the client to determine what engagement is most appropriate for the problem and the client organization. 2. Short-term change is most likely when the intervention is well structured for success. 3. OD interventions are primarily power-coercive approaches to change. 4. Everything about an intervention should be consistently directed toward its outcomes. 5. The change agent is likely to be inactive during the intervention stage, which is appropriate since transfer to the client is necessary.
Extracts from the balance sheet of Michigan, Inc are as follows
2017 Assets Current Assets: Cash and Cash Equivalents $30,000 Accounts Receivable, Net 65,000 Merchandise Inventory 50,000 Total Current Assets 145,000 Long-term Investments 150,000 Property, Plant, and Equipment, Net 250,000 Total Assets $545,000 Total Current Liabilities $150,000 Compute the acid-test ratio. What will be an ideal response
__________ is anything that reduces an integrated marketing communication's clarity and accuracy.
A. Feedback B. Channel capacity C. Noise D. Communication channel E. Coding process