Which one of the following is not a characteristic of a liquid market?
A) Market makers stand ready to buy and sell currencies.
B) Foreign exchange dealers make transactions only with dealers.
C) It becomes easy to match buyers and sellers.
D) Transaction costs are low.
Answer: B
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Identifiable intangible assets would include all of the following except
A) patents. B) trademarks. C) goodwill. D) franchises.
One way employees learn about organizational culture is ______.
A. skill B. abilities C. knowledge D. symbols
What is par value? Can a corporation legally issue no-par stock?
What will be an ideal response?
Phillips Co. reported total credit sales of $245,400 for Year 2. Its accounts receivable totaled $39,900 and $58,400 at the beginning and end of the year, respectively. What was the cash collected from customers during Year 2?
A. $285,300 B. $263,900 C. $245,400 D. $226,900