Suppose that the exchange rate between the U.S. dollar and the Mexican peso is 1 peso = $0.11. If the U.S. dollar price per Mexican peso changes to 1 peso =$0.10, the peso is said to have __________ and the dollar to have __________
A) depreciated; appreciated
B) appreciated; appreciated
C) appreciated; depreciated
D) depreciated; depreciated
A
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A mandatory tax that both workers and employers in the United States pay to fund Social Security and Medicare is the
A) corporate income tax. B) individual income tax. C) payroll tax. D) excise tax.
The cost of inflation to society includes
A) unpredictable changes in the value of money. B) higher interest rates paid by borrowers. C) higher interest rates paid by the government on its debt. D) the lost spending when people do not have enough money.
How does a firm measure its profit?
What will be an ideal response?
A firm's external financing need is met by:
a. debt or equity. b. owners' equity, including retained earnings. c. net working capital and retained earnings. d. net income and retained earnings. e. retained earnings.