With what type of exchange rate does the value of a country's currency remain constant relative to that of another country?
A) Floating
B) Indexed
C) Fixed
D) Adjusted
E) Deflated
Answer: C
Explanation: C) A fixed exchange rate indexes a country's currency directly to that of another country.
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Which leadership type is most closely related to production-oriented leadership and an autocratic style?
A. directive B. transactional C. visionary D. empowering
An opportunity cost of renting a home rather than buying it is
A) the price of the home. B) the monthly rent. C) potential price appreciation of the home. D) putting up with other renters' noise.
The Bretton Woods agreement set up the ________, which currently provides long-term loans to assist developing countries to build dams, roads, and other physical capital that contributes to economic development
A) International Monetary Fund B) World Bank C) Central Settlements Bank D) Bank of International Settlements E) European Exchange Rate Mechanism (ERM)
Angler Corporation has provided the following data concerning its direct labor costs for November: Standard wage rate$14.70per DLHStandard hours 2.4DLHs per unitActual wage rate$14.80per DLHActual hours 5,990DLHsActual output 2,600unitsRequired:Prepare the journal entry to record the incurrence of direct labor costs.
What will be an ideal response?