A currency basket is a collection of various currencies with varying weightings. It is frequently used to determine the market value of another currency, a procedure known as currency peg. Forex traders may also use basket orders to trade many currency pairs at the same time.
Currency baskets are also used in contracts to minimize (or reduce) the risk of currency changes. Currency baskets include the European currency unit (which was replaced by the euro) and the Asian currency unit. The most well-known currency basket, though, is the US dollar index (USDX).
The drawbacks are:
- The first thing to make is that a basket currency peg system is opaque.
- The second issue is that an intermediate regime often limits certain sorts of policy collaboration and may even allow policy conflict.
- The third drawback, and arguably the most important, is that the basket currency system makes no declaration of the criteria governing management.
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The answer & explanation for this question is given in the attachment below.
Answer:
He does not report any gross income as life insurance proceeds are exempted from tax.
Explanation:
As a rule life insurance proceeds to a beneficiary are not taxable, they are viewed as non taxable inheritance of the deceased to the beneficiary.
However if Ellie had instructed the insurance company to hold the funds for sometime before paying Jason, the interest earned during that period will be taxable.
The number of shares purchased = 30 shares
Annual dividend per share = $ 0.42
Total annual dividends = Number of shares purchased × Annual dividend per share
Total annual dividends = 30 shares × $ 0.42 = $ 12.60
Thus, the total annual dividends = $ 12.60
Answer:
The correct option is C states that creditors have a higher position in the priority of claims.
