Answer:
Foreign Exchange Management (FEM) is the core issue in international finance in that it helps facilitate external trade and maintenance of foreign exchange.
FEM is a tool used by Central bank to adjust currency flows to offset the international exchange of funds thereby effecting balance of payment equilibrium.
Explanation:
Foreign exchange management is a protective measure against the adverse impact of unanticipated changes in exchange rates. It is at the core of International Finance.
The central bank liaises with the International Monetary Fund, World Bank and other financial bodies to hedge against these unanticipated changes as a way of stabilizing exchange rates.
The balance of payments does not impact the exchange rate in a fixed-rate system because central banks adjust currency flows to offset the international exchange of funds.
Answer:
$20,450
Explanation:
With regard to the above, the adjusted cash balance would be computer as;
= Bank balance + deposits in transit - outstanding checks
= $19,400 + $6,550 - $5,500
= $20,450
or
= Bank balance - service fees - NSF checks
= $21,525 - $70 - $1,005
= $20,450
Might be illegal idk or it could be something you should not do
Answer:
A. Stop payment on the first check; then write a second one.
Explanation:
There are certain rules and procedures in banking system. If any check written is lost, then firstly the check shall be made invalid the one which is lost.
To make it invalid, stop payment can be done. Stop payment basically converts the check into a mere paper, with no validation, even if such check is presented no payment is made against it.
Further by issuing check you create a liability that you owe some money as against the party in consideration on check.
Therefore, after stop payment a new check shall be issued.
