With covered interest arbitrage:
A) the market must be out of equilibrium.
B) a "riskless" arbitrage opportunity exists.
C) the arbitrageur trades in both the spot and future currency exchange markets.
D) all of the above
Answer: D
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At the year end inventory count, if goods in transit are shipped FOB shipping point, they should be included in the inventory count of
a. The seller b. The buyer c. Both the seller and the buyer d. Neither the seller no the buyer
A large business must provide notice before closing a plant that employs a certain number of workers.
Answer the following statement true (T) or false (F)
All of the following are advantages of the partnership form of organization except
A. unlimited liability. B. retention of profits. C. combined skills and knowledge. D. better access to capital and credit. E. ease of start-up.
Private and public nuisances are:
a. two of the three kinds of nuisances recognized by the law of torts b. the two kinds of assaults recognized by the law of torts c. two of the five kinds of nuisances recognized by the law of torts d. the two kinds of battery recognized by the law of torts e. none of the other choices are correct