The IMF forbids member states from imposing restrictions on the payments or transfers involving current international transactions
Indicate whether the statement is true or false
True
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The financial reporting officer is primarily responsible for budgeting
Indicate whether the statement is true or false
Mary bought a bond ?a debt security for $2,500 with a nominal interest rate of 5 percent. If the inflation rate is 4 percent and Mary must pay 30 percent of her income in taxes, her after-tax nominal interest income is _____.
A. ?$87.50 B. ?$22.50 C. ?$37.50 D. ?$48.50
U.S. GAAP or IFRS require firms to test
a. annually for impairment losses on goodwill. b. whenever there is an indication of impairment due to changes in the legal or economic climate. c. whenever there is an indication of impairment due to adverse regulatory conditions. d. whenever there is an indication of impairment due to loss of key personnel. e. all of the above
Mark Perez signs a standard form guarantee for a $60,000 loan his brother Fred gets from a bank. Fred later incurs a credit card debt to the Bank for a further $4,500
Fred also later guarantees a loan of $5,000 from the bank to his wife, who goes bankrupt. Fred pays back $30,000 on his loan and then goes bankrupt. For what principal amount is Mark liable as a result of the guarantee? A) $30,000 B) $34,500 C) $35,000 D) $39,500 E) $48,000