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liq [111]
3 years ago
10

Until August 1971, industrialized countries around the world maintained a fixed exchange rate of their currencies with the US do

llar, which was linked to gold. The gold standardized system was called the Bretton Woods Fixed Exchange Rate System. This system collapsed in 1971, and since then, the dollar has not been linked to gold.
Based on your understanding of the international monetary system, complete the following statements:

• A ________ exchange rate is the quoted price for a unit of foreign currency to be delivered at a specified date in the future.

• The government does not set a ________ exchange rate, which means that supply and demand in the market determine the currency’s value.

• When American customers import more from Europe than they export to Europe, the euro_______ relative to the dollar.

• The __________________ of a currency refers to an increase or decrease of the stated par value of a currency whose value is fixed.

• Under a ______________ floating regime, supply and demand for the currency determine the exchange rate. Currencies under such a regime are called currencies.

• A __________ occurs when a country agrees to exchange its own currency for a specified foreign money unit at a fixed exchange rate and legislates domestic currency restrictions unless it has the foreign currency reserves to cover requested exchanges.

Options
1- Forward, spot
2- Pegged, Floating
3- appreciates, depreciates
4- devaluation or revaluation, depreciation or appreciation
5- freely, managed 6- convertible, nonconvertible
7- fixed-peg arrangement, currency board arrangement
Business
2 answers:
Alona [7]3 years ago
8 0

Answer:

Explanation:

A forward exchange rate is the quoted price for a unit of foreign currency to be delivered at a specified date in the future.

The government sets a fixed exchange rate that is allowed to fluctuate only slightly (if at all) around the par value.

When American customers import more from Europe than they export to Europe, the euro appreciate relative to the dollar.

The depreciation or appreciation of a currency refers to a decrease or increase, respectively, in the foreign exchange value of a floating currency.

Under a managed floating regime, the government plays a significant role in managing the exchange rate by manipulating the currency's supply and demand.

Currencies under such a regime are nonconvertible currencies.

Novay_Z [31]3 years ago
4 0

Answer:

Explanation:

• A forward exchange rate is the quoted price for a unit of foreign currency to be delivered at a specified date in the future.

• The government does not set a floating exchange rate, which means that supply and demand in the market determine the currency’s value.

• When American customers import more from Europe than they export to Europe, the euro depreciates relative to the dollar.

The revaluation of a currency refers to an increase or decrease of the stated par value of a currency whose value is fixed.

• Under a freely floating regime, supply and demand for the currency determine the exchange rate. Currencies under such a regime are called convertible currencies.

• A fixed-peg arrangement occurs when a country agrees to exchange its own currency for a specified foreign money unit at a fixed exchange rate and legislates domestic currency restrictions unless it has the foreign currency reserves to cover requested exchanges.

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Ula purchased stock in Purple, Inc., six years ago for $150,000. Purple has assets with a value of $225,000 ($175,000 basis) and
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$15,000 gain

Explanation:

Assets with a value of $225,000

Remaining asset (cash) to Ula ($25,000)

Purple liabilities ($60,000)

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Balance Brought forward $140,000

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3 years ago
Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Colu
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Answer:

Hie, there is <em>no correct answer</em> from the Options provided.

The Net Profit Under absorption costing, for November would be $7,460.

This is can be calculated from reconciling the Variable Costing profit to Absorption Costing profit or Alternatively from Preparing Absorption costing statement as shown below:

<u>Absorption Costing Income Statement for November.</u>

Sales                                                                           765,000

Less Costs of Goods Sold

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Less Closing Stock (1270×14)                  (17,780)    594,920

Gross Profit                                                                170,080

Less Expenses

Variable selling expense                                           127,500

Fixed Selling and administrative                                35,120

Net Income / loss                                                            7,460

4 0
3 years ago
During its first year of operations, a company entered into the following transactions: Borrowed $20,000 from the bank by signin
Alenkinab [10]

Answer:

$62,400

Explanation:

Assets are Economic resources controlled by the entity as a result of past events from which cash is expected to flow into the business.

Assets include the following Amounts:

Cash from Bank Note              $20,000

Cash from Stock Issues           $40,000

Supplies Inventory                     $4,000

Payment for Supplies                ($1,600)

Total Available Assets             $62,400

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