Which one of the following are the main participants in the global currency markets?
A) commercial banks
B) insurance companies
C) hedge funds
D) private equity funds
Answer: A
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Moving average is the name given to the use of an average cost method used with a periodic inventory system
a. True b. False Indicate whether the statement is true or false
Tulsa Corp reported the following information for 2016 and 2017. Interest payable, December 31, 2016 $5,700 Interest payable, December 31, 2017 6,200 Interest expense—2017 12,250 How much cash was paid for interest during 2017?
a. $11,750 b. $12,250 c. $12,500 d. $12,750
status quo means ______.
a. things as they are b. a constant state of change c. contextualizing what is going on d. none of these
Which of the following ratios was not discussed in the text as one useful in detecting understatement of liability fraud?
a. Quick assets/current liabilities b. Accounts payable/purchases c. Accounts payable/net sales d. Current assets/current liabilities