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coldgirl [10]
3 years ago
15

The U.S. has recently imposed trade restrictions on China; prohibiting the import of many Chinese goods. Assume China DID NOT re

taliate (i.e. impose tariffs on imports of U.S. goods into China). If this is the only factor affecting the U.S. Dollar/Chinese Yuan Renminbi exchange rate, we should expect the Chinese Yuan Renminbi to depreciate relative to the U.S. Dollar. Indicate whether you believe the last statement is TRUE or FALSE, and then defend your answer.
Business
1 answer:
stepladder [879]3 years ago
4 0

Answer:

True.

Explanation:

Generally the theory states that, if a country does more exports as compared to imports, then the demand for it's good is high, and so is the demand for his currency. Now, in the earlier scenario, both China and US had hugh exports to each other's country. So the currency fluctuation got neglified. But if China is stopped from exporting things to USA but USA can continue exporting things to China, it will lead to appreciation of the US dollar against Chinese Yuan renminbi.

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Which statement best describes a Schumer box?
posledela

Answer:

The correct answer is letter "D": A standardized way of presenting the key terms of your credit card agreement.

Explanation:

Named after Senator Charles Schumer (born in 1950), the Schumer box is part of the disclosure information financial institutions must provide to debtors so they can be aware of what is the interest and fees subject to the use of credit cards. It is a box mostly present in credit card statements but must be included in any credit card solicitation.

3 0
3 years ago
The largest percentage of gross domestic product (GDP) is
kiruha [24]

Answer:

b. consumer spending  

Explanation:

GDP = C+I+G+(X-M)

The most powerful driver of an economy is consumption (C). In the US the biggest share in the GDP participation is the consumers expenditure of goods and services within the economy.  

7 0
3 years ago
On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January
Leno4ka [110]

Answer:

Discount on bonds issuance = $15750

Explanation:

A bond is issued at a discount when the issue price of the bond is less than the face value of the bond. This usually happens when the coupon rate paid by the bond is less than the market interest rate. To calculate the amount of discount on bonds issuance, we simply deduct the issue price from the face value of the bond. Thus,

Discount on Bonds = Face value - Issue price

As we know the face value of the bonds is $700000 and the issue price is $684250, we can calculate the discount on issuance to be,

Discount on bonds issuance = 700000 - 684250

Discount on bonds issuance = $15750

7 0
3 years ago
How old do you have to be to get a reverse mortgage
Murljashka [212]

Answer: Minimum 62 years

Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.

6 0
3 years ago
Juniper Co uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9750 of me
KatRina [158]

Answer:

D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500

Explanation:

The journal entry to record the merchandise return is shown below:

Account payable A/c Dr $1,500

                To Merchandise inventory A/c $1,500

(Being returned inventory is recorded)

For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done

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3 years ago
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