If China wished to reduce their accumulation of foreign exchange reserves they could:
A) allow their currency, the yuan, to float freely in the market place.
B) reduce their current account surplus by importing more goods than they export.
C) undertake both of the activities identified in choices A and B.
D) dig a big hole and bury the reserves.
Answer: C
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The balances for the accounts of Milo's Management Co. for the year ended December 31 are shown below. Each account shown had a normal balance. Accounts Payable…..$ 6,500?Wages Expense………36,000Accounts Receivable...7,000?Rent Expense………...6,000Cash…………………??Retained Earnings………...68,700Office Supplies.1,200???Building…………….125,000???Supplies Expense……21,500?Land………………….50,000Common Stock………..50,000?Unearned Management Fees4,000Management Revenue. 175,000?Dividends48,000Calculate the correct balance for Cash and prepare a trial balance.
What will be an ideal response?
The process by which a lender uses the secured property to satisfy a debt in default is called:
A) Foreclosure. B) Recording. C) Deed entrustment. D) Enactment. E) Lien release.
Suppose the real risk-free rate is 4.20%, the average expected future inflation rate is 2.50%, and a maturity risk premium of 0.10% per year to maturity applies, i.e., MRP = 0.10%(t), where t is the number of years to maturity, hence the pure expectations theory is NOT valid. What rate of return would you expect on a 4-year Treasury security? Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average.
A. 7.67% B. 7.10% C. 7.53% D. 6.96% E. 5.40%
Which would be the appropriate strategy for companies to use to compete in the global marketplace if both the pressures to lower costs and adapt locally are low?
A. multidomestic strategy B. international strategy C. global strategy D. transnational strategy