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Gnom [1K]
2 years ago
9

__________ are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of business

es and other clients
Business
1 answer:
Yakvenalex [24]2 years ago
3 0

<u>Foreign Exchange Market</u> are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of businesses and other clients

<h3>What is Foreign Exchange Market?</h3>

A decentralized, open market where currencies are traded on a worldwide scale is known as the foreign exchange market. For every currency, this market establishes exchange rates. It covers every facet of acquiring, disposing of, and exchanging currencies at the going rate or set rate.

<h3>Why foreign exchange is important?</h3>

Foreign exchange refers to the exchange of various national currencies or units of account. It is crucial because a country's economic health and, consequently, the happiness of all its citizens, are determined by the exchange rate, or the cost of one currency in relation to another.

To know more about Foreign Exchange visit:

brainly.com/question/11135015

#SPJ4

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When comparing absorption costing and variable costing, if units produced are units sold, what is the effect on net operating in
11111nata11111 [884]

Answer:

The Net Operating income will be the same for both methods.

Explanation:

Net Operating income under absorption costing and variable costing methods usually differ because of existence of inventory.

Fixed overheads are deferred in Inventory when using absorption costing. Meaning that a higher income is obtained under absorption costing than variable costing when there is inventory and a lower income under absorption costing than variable costing.

When units produced are units sold, there is no inventory. Therefore, the Net Operating income will be the same for both methods.

8 0
2 years ago
5. ________ is a short-term security, or note, containing a borrower's promise to pay O A trade draft O Equity financing O Comme
erastovalidia [21]

Answer:

Commerical paper

Explanation:

Commerical paper is a short-term security, or note, containing a borrower's promise to pay.

There was a previous question like that, so i remember the answer.

~<u>rere</u>

5 0
1 year ago
Read 2 more answers
Kurt leased a small building and converted it into a hockey supply shop. He had assumed that he could run a successful business
salantis [7]

Answer:

The correct answer is letter "E": undercapitalization.

Explanation:

Undercapitalization refers to the situation in which an organization is unable to generate enough funds to cover its expenses. This leads to companies being unable to pay their creditors, thus, they have no other option but to request for loans to keep the business up and running. Small companies are frequently undercapitalized.

8 0
3 years ago
Xminus−Industries manufactures 3minus−D printers. For each​ unit, $ 3 comma 200$3,200 of direct material is used and there is $
madreJ [45]

Answer:

Profit= $106,682.52

Explanation:

Giving the following information:

Unitary Variable costs:

Direct material= 3,200

Direct labor= $2,300 ($15 per hour)= 153.33 hours

Manufacturing overhead is applied at $18 per direct labor hour.

Units sold= 42

Selling price= $10,800

Profit= Total sales - total variable cost

Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52

3 0
3 years ago
Which of the following statements is FALSE regarding financial and nonfinancial measures of performance?a.Nonfinancial measures
faltersainse [42]

Answer:

D. Financial measures are lead indicators of future success.

Explanation:

This is said to be not true regarding financial and non financial measures of performance.

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