What is the name of the exchange rate system where the governments attempt to make sure the values of their currencies trade at particular values in the foreign exchange market, relative to another currency or a "basket" of currencies?
A) European currency unit
B) fixed currencies
C) floating currencies
D) dirty float currency
Answer: B
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Fossil fuels are full of energy stored from photosynthesis millions of years ago.
Answer the following statement true (T) or false (F)
Marie's Sporting Goods had the following inventory records for one line of skis for the month of January: Beginning Inventory ............. 70 pairs @ $100 per pair = $7,000 Sales (Jan. 1 - Jan. 7) ......... 50 pairs Purchase (Jan. 8) ............... 46 pairs @ $104 per pair = $4,784 Sales (Jan. 9 - Jan. 16) ........ 49 pairs Purchase (Jan. 17) .............. 62 pairs @ $110 per pair = $6,820
Sales (Jan. 1 . - Jan. 29) ....... 56 pairs Purchase (Jan. 30) .............. 18 pairs @ $112 per pair = $2,016 Assuming the periodic LIFO inventory method is used, what is the cost of Marie's ending inventory? a. $4,124 b. $4,268 c. $4,376 d. $4,100
Which of the following is true of a share exchange?
A) The subsidiary corporation ceases to exist after the share exchange. B) The legal existence of both corporations is retained after the exchange. C) The shares of both parent and subsidiary corporations are divided equally between themselves. D) The subsidiary corporation can have a maximum of three shareholders in the exchange.
Tangshan China's stock is currently selling for $160.00 per share and the firm's dividends are expected to grow at 5 percent indefinitely. In addition, Tangshan China's most recent dividend was $5.50
If the expected risk free rate of return is 3 percent, the expected market premium is 4 percent, and Tangshan has a beta of 1.2, Tangshan's stock would be ________. A) overvalued because the market price is higher than the resulting share value B) undervalued because the market price is less than the resulting share value C) overvalued because the resulting share value is higher than the market value D) undervalued because the resulting share value is less than the market value