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KatRina [158]
3 years ago
12

A ________ rate means the value of the currency is fixed relative to a reference currency and then the exchange rate between tha

t currency and other currencies is determined by the reference currency exchange rate. Multiple Choice pegged exchange currency board
Business
2 answers:
AveGali [126]3 years ago
8 0

Answer:

A= exchange rate on edg 2020 :)

Explanation:

Harlamova29_29 [7]3 years ago
4 0

Answer:

Pegged exchange rate system

Explanation:

In the pegged exchange rate system, a country ties its currency exchange price to that of a more widely used currency at a fixed rate. The US dollar is the most accepted currency for international trade. Countries that use the fixed exchange system peg their currency price to the US dollar.   The government will set a  fix the exchange rate of its currency relative to the US dollar value.

A pegged exchange rate is also known as a fixed exchange rate. A pegged or fixed exchange rate keeps the currency value within a narrow range. It gives certainty to exporters and importers and helps the government to keep inflation low.

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The following accounts were abstracted from Oriole Company's unadjusted trial balance at December 31, 2020: Debit Credit Account
Ronch [10]

Answer:

$52,710

Explanation:

Calculation for allowance for uncollectible accounts credit balance

Using this formula

Allowance for uncollectible accounts credit balance=Estimated gross uncollectible accounts receivable *Accounts receivable

Let plug in the formula

Allowance for uncollectible accounts credit balance=7%* $753,000

Allowance for uncollectible accounts credit balance=$52,710

Therefore After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of $52,710

7 0
3 years ago
If a firm's goal is to maximize its earnings per share, this is the best way to maximize the price of the common stock and thus
ozzi

Answer:

False is the answer

6 0
3 years ago
You invest $600 in security A with a beta of 1.5 and $400 in security B with a beta of 0.90. The beta of this portfolio is _____
klio [65]

Answer:

Beta= 1.26

Explanation:

<u>First, we will calculate the proportion of the portfolio of each security:</u>

Security A= 600/1,000= 0.6

Security B= 400/1,000= 0.4

<u>Now, the beta of the portfolio:</u>

Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)

Beta= (0.6*1.5) + (0.4*0.9)

Beta= 1.26

7 0
3 years ago
Is it okay to write 350 words when the limit is 500 for a college essay?
Novosadov [1.4K]
You should always try to meet the word limit
3 0
3 years ago
Pedro's child attends a school operated by the church the family attends. Pedro made a donation of $1,000 to the church in lieu
schepotkina [342]

Answer:

$800

Explanation:

Pedro's tuition costs of $6,000 is a personal expense and does not qualify as a charitable contribution.

Pedro's donation to the church of $1,000 is charity, but he has to deduct the registration fee of $200 from it. Thus, his total charitable contribution is $1,000 - $200 = $800

4 0
3 years ago
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