1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Talja [164]
3 years ago
8

If a currency's spot market is liquid, its exchange rate will ________ highly sensitive to a single large purchase or sale of th

e currency. Therefore, the change in the equilibrium exchange rate will be relatively ________.
Business
2 answers:
Troyanec [42]3 years ago
7 0

Answer:

The correct answers to fill the blank spaces are not be; small

Explanation:

If a currency's spot market is liquid, its exchange rate will not be highly sensitive to a single large purchase or sale of the currency. Therefore, the change in the equilibrium exchange rate will be relatively small.

hodyreva [135]3 years ago
4 0

Answer:

If a currency's spot market is liquid, its exchange rate will <u>NOT BE</u> highly sensitive to a single large purchase or sale of the currency. Therefore, the change in the equilibrium exchange rate will be relatively <u>SMALL</u>.

Explanation:

Liquid currencies are currencies that are traded fairly often and in large amounts, e.g. the US dollar is the most liquid currency in the world, but the euro or the yen are also very liquid. Since they are traded very often and really thousands of times per day, one extra transaction (either purchase or sale) no matter how large it is, will not affect the currency's value very much. Liquid currencies operate in similar conditions to perfect competition markets, where all the players are basically price takers since no single seller or buyer is large enough to change the price.

The yuan is also a very liquid currency, but it doesn't float freely since its value is fixed by the Chinese government.

You might be interested in
You are attending college in the fall and you need to purchase a computer. You must finance the purchase because your parents wi
rodikova [14]

The correct answer is installment credit. The explanation is below.

Installment credit allows you to purchase an item and then pay for it in installments. The reason that this would be the best option for you is that you do not have the money now to make the purchase, but you are able to make smaller monthly payments in order to purchase a computer.

Installment credit is better than revolving credit for new borrowers. Revolving credit would allow you to charge additional purchases on your revolving credit account. The installment plan only finances one item, rather than like a credit card, which is how revolving credit works. You would not choose non-installment credit because this would require you to make this payment all at once in a short period of time. It would not allow you to spread the payments out over time.

3 0
3 years ago
Calin Corporation has total current assets of $617,000, total current liabilities of $233,000, total stockholders’ equity of $1,
Otrada [13]

Answer:

Working capital = Current assets - Current liabilities

                          = $617,000 - $233,000

                          = $384,000

Explanation:

Working capital refers to current assets minus current liabilities. It is the capital available for day to day running of a business.

7 0
3 years ago
Read 2 more answers
Sunland Company has outstanding 500000 shares of $2 par common stock and 150000 shares of no-par 7% preferred stock with a state
olga nikolaevna [1]

Answer:

Total dividend paid = $340,000

Preferred dividend = 7% x $4 x 150,000 x 3 years = $126,000

Dividend paid to common stock holders

= $340,000 - $126,000

= $214,000

The correct answer is C

Explanation:

There is need to calculate the preferred dividend for 3 years, which is a function of dividend rate, current market price, number of preferred stocks outstanding  and number of years. The current market price of the preferred stock is used for the computation because the preferred stock has no par value. Then, the amount of dividend paid to common stock holders is the difference between the total dividend paid and preferred dividend.

5 0
3 years ago
The sarbanes-oxley act of 2002 established requirements for ____. noncompliance can result in penalties of
IrinaK [193]
<span>The Sarbanes-Oxley Act of 2002 established new requirements for corporate governance to prevent fraudulent behavior in business. An accounting oversight board and financial reporting requirements including instituting a code of conduct for senior financial officers are the main focuses of this act.</span>
5 0
3 years ago
Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during
kherson [118]

As the president of the company, at a time when the prices are said to  be rising, what is would do is to choose the Weighted average cost.

<h3>Why I would have to choose the Weighted average cost</h3>

This due to the fact that it is going to be more satisfactory to have the lower Bonus bill.

The year end bonus is an amount that is calculated from all of the net income from the year.

A lower net income is only going going to help to bring about a smaller bonus bill.

At a time when the prices are falling, the FIFO is what would be the best choice. It gives a smaller ending cost of inventory since the ending prices are going to be at their lowest.

Read more on FIFO here: brainly.com/question/12883706

8 0
2 years ago
Other questions:
  • Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed
    6·1 answer
  • The following selected transactions relate to liabilities of Chicago Glass Corporation for 2016. Chicago's fiscal year ends on D
    10·1 answer
  • At the end of the current year, Accounts Receivable has a balance of $550,000; Allowance for Doubtful Accounts has a credit bala
    6·1 answer
  • A machine with a cost of $164,000, accumulated depreciation of $102,000, and current year depreciation expense of $25,500 is sol
    10·1 answer
  • You probably own several pairs of blue jeans. Further, it is highly likely you purchased those jeans at retail stores located in
    5·2 answers
  • A manager states that "HRD must become more strategic." What does this statement mean, and what can HRD professionals do to prac
    14·1 answer
  • Time management is example of a strength, challenge or resource? <br>​
    11·2 answers
  • The 2013 income statements of Leggett &amp; Platt, Inc. reports net sales of $3,746.0 million. The balance sheet reports account
    14·2 answers
  • Please give a complete answer to all questions, citing the legal principle to support your answer.
    10·1 answer
  • According to the job characteristics theory, the degree to which a job requires an employee to complete a number of different ac
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!