purchasing out-of-the-money call options is the answer
New York City, London, and Tokyo are examples of on-shore financial centers because of their fiscal transparency and strict tax policies.
What is the meaning of financial center?
A financial hub, often referred to as a financial center by the International Monetary Fund (IMF), is a city or region that serves as the headquarters for numerous different financial services organizations. With the use of the metaphorical term "hub," the financial services sector is compared to a wheel with a hub and spokes.
Which city is the financial centre of the world?
With the NASDAQ and the New York Stock Exchange, the two biggest stock exchanges in the world, New York is once again in the lead. London comes in second, bruised but unfazed by the aftershocks of Brexit. In the most recent rankings, Shanghai passed Tokyo to take third place worldwide.
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Answer: Raises the CPI and reduces real income.
Explanation:
Inflation is a sustained rise in the general price level of the goods and services in an economy during a particular period. It is usually expressed as a percentage. Inflation leads to a reduction in the purchasing power of a country's currency.
Real income reduces because a rise in the price level with nominal income constant reduces the purchasing power of money. People holding real assets are better off than people who are holding cash.
Answer:
See below
Explanation:
It is to be noted that under IFR, inventories are carried at a lower of cost or net realizable value, which is $550,000 in this scenario.
Also, under the United states GAAP, inventories are carried at a lower of cost or market . Here, the replacement cost of $525,000 would be used because it is below NRV and its equal to the difference between NRV and normal profit margin.
The few rule the many. Hope this helped, have a great day! :D
