If all of the parity conditions hold, then a real interest rate in the U.S. of 5% should be equal to ________ in another country when 3% inflation is expected in the U.S
A) 2%
B) 5%
C) 8%
D) 15%
Answer: B
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In 2014, Dallas Company had sales of $600,000; cost of sales of $430,000; interest expense of $12,000; and a gain on the sale of a component of $52,000; For its income statement, Dallas uses the single-step format and the all-inclusive concept. What was Dallas's reported pretax income from continuing operations?
A. $150,000 B. $170,000 C. $158,000 D. $118,000
LIFO is like a stack of trays in a cafeteria: the last tray deposited on the stack is the first one taken off, and the lowest tray in the stack remains there as long as any trays remain
Indicate whether the statement is true or false
Which of the following is true of an economic strike?
A) It is a nonviolent work stoppage for the purpose of protesting an employer's commission of an unfair labor practice. B) It is a protected activity and strikers are entitled to return to their jobs once the strike is over. C) Employers are not allowed to fill economic strikers' jobs while the strike is taking place. D) Since employers cannot permanently replace economic strikers, this strike is considered a potent weapon.
Which one of the following is the only determinant of volatility in the forward currency markets?
A) interest rate parity B) economic recovery C) political turmoil D) variance of the future exchange rates