This is an example of a <u>"pegged" </u>exchange rate.
A pegged, or fixed system, is one in which the conversion scale is set and misleadingly kept up by the administration. The rate will be pegged to some other nation's dollar, more often than not the U.S. dollar. The rate won't change from everyday.
A government needs to work to keep their pegged rate stable. Their national bank must hold huge stores of remote cash to moderate changes in free market activity. In the event that a sudden interest for a money were to drive up the swapping scale, the national bank would need to discharge enough of that cash into the market to take care of the demand. They can likewise purchase up cash if low interest is bringing down trade rates.
Answer:
D. The auditor should assess the risks of material mis-statement due to fraud.
Explanation:
At the time of auditor visit in a company the financial statement represent that the company has done the fraud in this scenario, the auditor should analyze the material misstatement risk that is done for fraud
Therefore in the given case, the option D is correct as the auditor responsibility is that he or she should analyze the risk with respect to the false statements presented in the financial statement
Answer: B. The capital gains yield is positive.
Explanation:
The Capital Gains Yield is a percentage figure that tells how much an investment has increased in price from it's acquisition.
It works by taking the new value and dividing it by the original value.
Using Stacy as an example, the Stock increased by $4 so assuming she bought the stock for even $0.1 then her Capital Yield is,
= 4/0.1
= 40 * 100%
= 4000% which is positive
As long as the stock was sold for more than it was bought, Capital Yield Gain is positive.
Answer:
Explanation:
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