Given a current spot rate of 8.10 Norwegian krone per U.S. dollar, expected inflation rates of 3% in Norway and 6% per annum in the U.S., use the formula for relative purchasing power parity to estimate the one-year spot rate of krone per dollar

A) 7.87 krone per dollar
B) 8.10 krone per dollar
C) 8.34 krone per dollar
D) There is not enough information to answer this question.


Answer: A

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Under the provisions of the United Nations Convention on the Law of the Sea (UNCLOS), coastal nations have

A) have exclusive access to the bodies of water which they border. B) sovereign rights in a 500-nautical mile zone with respect to natural resources. C) sovereign rights to exploit the continental shelf of their coasts. D) the responsibility to aid ships in distress on their shores.

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To focus on improving company customer service this year, the CEO of a pet food manufacturer outlined a list of stakeholders to concentrate on: distributors, local communities, and the mass media. These three groups are

A. external stakeholders. B. general stakeholders. C. internal stakeholders. D. preferred stockholders. E. interest groups.

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Since companies are obliged to be discrete about their standardized selection processes, applicants must not be informed about the process.

Answer the following statement true (T) or false (F)

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