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3 years ago

Which of the following are reasons managed floating exchange rates were adopted by the industrialized nations in 1973?

Business

1 answer:

Ymorist [56]3 years ago

6 0

Answer:

A) To avoid delays in adjustments of exchange rates caused by procedural difficulties and political biases.

C) To enable more prompt and continuous adjustments of exchange rates in response to evolving market forces.

Explanation:

<u>A managed floating exchange rate system allows the exchange rate to be allowed by a free market force of the supply and demand that consists of the some degrees of the government inventions</u>.

It was adopted in 1973 due to the overtime the float led to the market disordering and that caused a dramatic exchange rate fluctuations. Hence in order to control this, a system had to be made to keep at check on the change in rates.

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Match each type of market with the items bought and sold there

wolverine [178]

Answer

A. Currency exchange-Foreign money

B.Commodity Market-Raw, unprocessed goods

C.Stock Market -Shares in corporations

Explanation

Currency exchange market- this is market that deals with the exchange of foreign currencies where the participants members are able to buy and sell currencies. They are normally made of banks, commercial companies, Forex brokers and many other participants.

Commodity Market- This is a type of market where unprocessed materials are sold. Many producers buy the raw materials from these market for further processing.

Stock market- This is the market that deals with trading of shares. Sellers and buyers of stocks which is also called shares gather here. This normally happens that a certain company needs to raise a certain amount of money so the stock buyer will have bought a piece of that company.

7 0

3 years ago

Read 2 more answers

Explain the changes in the allowance for doubtful accounts from 2013 through 2015. Does it appear that Hewlett-Packard increased

Nezavi [6.7K]

The amount that was to be receivable in the year 2015 decreased and the balance of allowance for doubtful accounts also decreased.

<u>Explanation:</u>

According to the information that was given, the amount that was receivable in 2014 was 13,832 million where as in the year 2015 it was 13,363 millions. The ending balance of allowance for doubtful accounts in 2014 was 232 million and in 2015 it was 189 millions.

All this information shows that the accounts and the amounts in the accounts decreased from the year 2014 to year 2015.

7 0

3 years ago

Why are the incentives of a supplier the opposite of the incentives of a demander

antiseptic1488 [7]

Answer:

The incentives of a supplier are the opposite of the incentives of a demander because it is a relationship whose nature makes supply and demand inversely proportional to each other: the higher the supply, the lower the demand for each product and the lower its price; While the lower the supply, the greater the demand for each product and the higher its price. Thus, in many cases, suppliers seek to restrict supply to maximize profits, while demanders seek to lower prices through a greater quantity of goods offered.

4 0

2 years ago

Schneider Inc. had salaries payable of $60,000 and $90,000 at the end of Year1 and Year2, respectively. During Year2, Schneider

Fittoniya [83]

Answer:

The correct answer is option (A).

Explanation:

According to the scenario, the given data are as follows:

Salaries payable at the end of year 1 = $60,000

Salaries payable at the end of year 2 = $90,000

Salary expense in year 2 = $620,000

So, we can calculate the cash outflows for salaries in year 2 by using following formula:

Cash outflow = Salary recorded in year 2 + Salaries payable at the beginning of the year - Salaries payable at the end of year

= $620,000 + $60,000 - $90,000

= $590,000

Hence, the cash outflow for salaries in year 2 is $590,000.

3 0

2 years ago

What term refers to innovations that could improve financial services?

suter [353]

The term which refers to the innovations that could improve financial services is; Choice B; Fintech.

<h3>What is fintech?</h3>

Finance: This is the science of management of money and other assets.

Technology is the use of modern knowledge and equipment to perform an activity.

The term fintech in its simplest meaning refers to financial technology which involves the application of technological knowledge to the trading of financial services.

Such financial services may range from peer to peer lending, mobile wallets among a host of other types of services.

Hence, it follows that the general term which refers to innovations that could improve financial services is; Choice B; fintech.