Taking into account the statement above "Frankfurter Company, a U.S. company, had a ruble receivable from exports to Russia and a euro payable resulting from imports from Italy. Frankfurter recorded foreign exchange loss related to both its ruble receivable and euro payable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?" the answer is C. Decrease increase.
Most people were engaged in agriculture as in the U.S. in 1820. They farmed to feed and clothe themselves; in other words, they engaged in subsistence agriculture. Most people did not own land. The land was owned by a few, such as hacendados or the Roman Catholic Church.
There were export sectors in economies. Exports were of two basic kinds: agricultural and mineral. Argentina and Uruguay exported cattle hides and salted beef. Bolivia exported silver and mercury; Peru: silver and, later, guano; Colombia: precious metals and sugar; Brazil: sugar and, later, coffee; and Mexico: silver, gold, and cotton. Most of these exports went to Europe. Little went to each other. None of it in huge volumes even in Argentina until the late 19th century. The countries lacked capital, communications networks, and technology to develop the export business. Besides, the upper class was able to meet its needs without much economic expansion. Societies were run for the benefit of the upper classes.
The correct answer is A. France declared war on Germany immediately after Germany had declared war on Russia.
Both France and Britain were allies and they declared war on Germany . This became in the time of Athenia liner which sunk in submarine of German and they assumed that the liner was belligerent and armed.
Then the Germany ships started being bombed.
I would suggest posting this again if not already done