Which of the following statements concerning currency exchange rates is most accurate?
A. Exchange rate fluctuations are now almost nonexistent due in great part to the stability of the euro.
B. Exchange rate fluctuations may affect the financial sector but rarely reach the consumer.
C. Exchange rate fluctuations are relatively rare, but when they occur, their effects are minimal.
D. Fluctuations in exchange rates among the world's currencies occur, but multinational companies are insulated from the affects because of direct investment.
E. Fluctuations in exchange rates among the world's currencies are of critical importance in global marketing.
Answer: E
You might also like to view...
What is emphasized in merit systems?
What will be an ideal response?
In computing the weighted average cost of capital, the historical weights are either book value or market value weights based on actual capital structure proportions
Indicate whether the statement is true or false
Congress passes a law banning racial discrimination at restaurants. One located in a small town does not want to serve African-Americans. The discrimination law will not apply because the business is not in interstate commerce
a. True b. False Indicate whether the statement is true or false
Revised probabilities of events based on additional information are _____
a. joint probabilities b. posterior probabilities c. marginal probabilities d. complementary probabilities