Answer:
Which of the following activities of a finance manager determines the types of assets the firm holds?
C. investment decisions
Explanation:
Select the type of assets in which the funds will be invested by the firm is termed as the investment decision
Answer:
Recession
Explanation:
A period during which real GDP declines for two quarters in a row, or six consecutive months.
Answer: 3.75 Riyals / USD
Explanation:
The Real Exchange rate is different from the Nominal exchange rate as it takes into account, the differences between the 2 nations being compared in terms of prices of goods and services.
As such it can be used to calculate the Nominal rate;
Real Exchange Rate = (Cost in U.S. x Nominal Exchange Rate) / Cost in Saudi Arabia
2/3 = (10 x Nominal Exchange Rate) / 56.25
2/3 x 56.25 = 10 x Nominal Exchange Rate
10 x Nominal Exchange Rate = 37.50
Nominal Exchange Rate = 37.50 / 10
Nominal Exchange Rate = 3.75 Riyals / USD
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<em>The nominal exchange rate is 3.75 Riyals for every $1. </em>