When planning a trip to France, Jim and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The ____ rate is the rate at which the currency of one area or country can be exchanged for the currency of another's.
A. fluctuation
B. dividend
C. exchange
D. transaction
E. international
C. exchange
An exchange rate is the rate at which one country's currency can be exchanged for another country's currency.
You might also like to view...
In what ways do employees resist change and what can managers do about overt and covert resistance?
What will be an ideal response?
The Hong Kong office of Salomon Brothers, a U.S. investment bank, estimates that to meet the expanding demand for telecommunication service in Asia, companies will need ________.
A. considerable increase in investment B. cheaper service providers C. cheaper technology D. cheap and efficient labor
Which of the following is a problem that occurs when a decision-making group has too much cohesiveness?
A. groupthink B. parading C. probing D. norming E. backbiting
When a firm uses debt financing, the organization providing financing receives an ownership share in the company.
Answer the following statement true (T) or false (F)