Answer:
The interest rate is higher in the US.
Explanation:
The forward price is calculated using the following formula,
F= S ( 1+Rd / 1+Rf)^t
where,
- F = Forward rate
- S = Spot rate
- Rd = Nominal interest rate in domestic market
- Rf = Nominal interest rate in foreign market
- t = time in years
We consider that the domestic market is the US and the domestic currency is the USD. Thus, it is a direct quote where 1 EUR = 1.3 USD
The forward price ER is more than the Sport ER only when the interest rate in domestic market is more than the interest rate in foreign market and as a result, the value of domestic currency against a foreign currency in the forward market depreciates.
We can see this by the following example,
Say Spot rate is $1.3 per 1 EUR and the interest rate in US is 10% while that in Euro zone is 5%. When we calculate the forward ER we will see that 1 EUR will buy us more USD in forward (more than 1.3 USD)
F= 1.3 * (1.1 / 1.05)^1 => $1.362 PER 1EUR
Answer:
d) All of above
Explanation:
A partnership agreement provides guidelines on how two or more partners will manage their partnership business. It is the contract that dictates each partner's roles, profit and loss sharing formula, and personal liability of each in case of insolvency.
In the absence of a partnership agreement, the law prescribes that partners share profits and losses equally. All partners assume equal rights to responsibilities and liabilities.
A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming sales meeting is using Coercion type of political behavior.
<h3>What is Coercion behaviour?</h3>
- Coercion is the use of threats, especially physical threats, to induce an unwilling action from a party.
- It entails a series of coercive behaviors that go against an individual's free will in an effort to elicit the desired response.
- Extortion, blackmail, or even torture and sexual assault are examples of these activities.
- Coercion occurs when someone is threatened with violence if they refuse to sign a contract.
Elements of Coercive Practices Proof
- Damaging, endangering, or threatening to harm.
- Both directly and indirectly.
- Any party or that party's property.
- Unfairly sway a party's course of action.
Learn more about coercion here:
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<span>It does not include implementing change. The team is only responsible for stringent standards of conduct, self-enforcement of legal and ethical rules and
effective and efficient use of resources. Implementing change is the responsibility other people or outside forces.</span>
