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shareholders? A) managers B) employees C) attorneys D) suppliers 2) The cash manager at AmFlex Company needs to buy 1,000,000 British pounds to pay a British supplier. A currency broker quotes him a bid-ask rate of ₤.4865-.5116/US$. What will be the dollar cost of the 1,000,000 pounds? A) $486,618 B) $1,954,652 C) $511,587 D) $2,055,499 3) In determining why a firm becomes multinational there are many reasons. One reason is that the firm is a market seeker. Which of the following is NOT a reason why market...
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Open Documentan online banking. When people transfer bitcoins, an electronic signatures added. After few minutes, the transaction is verified by miner and permanently stored in the network. Several currency exchanges exist what you can trade your bitcoins for dollars, euros and more. 2) Controversy about Bitcoin - Can Bitcoin substitute real currencies? Bitcoin is one of the most controversial issues in recent international business. Can we take bitcoin as a real currency for trading goods? The answer...
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Open Document. If the inflation rate in the United States is greater than the inflation rate in Sweden, other things held constant, the Swedish currency will a. Appreciate against the U.S. dollar. b. Depreciate against the U.S. dollar. c. Remain unchanged against the U.S. dollar. d. Appreciate against other major currencies. e. Appreciate against the dollar and other major currencies. EMU Answer: c Diff: E . What is the common currency of the EMU? a. U.S. dollar. b. British pound. c. Euro. ...
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Open Documentanother country’s currency. If Britain decided to fix its currency to the dollar at the exchange rate E$/£ = 1.50 and in order to maintain this fixed exchange rate, the Bank of England would stand ready to exchange pounds for dollars (or dollars for pounds) on demand at the specified exchange rate. To accomplish this, the Bank of England would need to hold dollars on reserve in case there was ever any excess demand for dollars in exchange for pounds on the foreign exchange. Initially, the equilibrium...
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Open Documentexchange rate United States dollar. Why should be like that ...?, Because the true United States Dollar is currently an international currency. Even information says all the countries that exist in the world save its foreign exchange reserves in the form of dollars. So that's not surprising almost everyone in the world want to accept dollars, meaning dollar is believed as a means of payment around the world. To note, although the universe is not only the United States that use the dollar, but only the...
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Open Documentthankfully I was one of them! What is the exchange rate between U.S. dollars and Mexican pesos (remember that the whole thing is virtual; today's exchange rate is likely different). (2 points; 3 points extra credit if you look up and report the current rate in the financial pages of your newspaper or on the Internet). The exchange rate from dollars to pesos is: $1 is equal to $10.00 pesos. The exchange rate right now from dollars to pesos is: $1 is equal to $12.80 pesos. What direction from...
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Open Documentmanufacture more products in the United States and Europe and to also buy more from suppliers in other countries in Asia? It is important for Sony to manufacture more products in the United States and Europe as a way to sell more and improve profit margins. The most straightforward way to manage exchange rate fluctuations and minimize the risk from these fluctuations is to shift production to those countries whose exchange rates are less violate and to the United States and Europe. This will allow...
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Open Documenthave to make in 1993? Why was the decision important? 2. History of Japanese Yen. Describe the historical exchange rates between Japanese Yen and U.S. dollar over time. Focus on the big changes and what was the exchange rate in (and years before) July 1993. 3. To Hedge or Not? Do you think Tiffany should actively manage its yen-dollar exchange rate risk? Why or why not? Explain the benefits and costs of hedging. 4. What to Hedge? If Tiffany were to manage its exchange rate risk, then...
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Open DocumentApplication-Level Requirements List 1. Value of Dollar 2. Value of comparing currency 3. Calculation of dollar value against subject currency value 4. Display results Input-Process-Output Chart Complete the following input-process-output chart for the application using a structured programming approach. Input | Process | Output | Dollar Value | get | Real number | Florien currency | get | Real number | Calculate difference | Divide | Decimal | Display...
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Open DocumentCompute the amount of taxes at natural real GDP The amount of taxes at the natural real GDP is .2 x 11600=2320 (b) Explain why there is a natural employment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP. Because based on the information in the question and answer to part A: 2320, we see that taxes(money coming in) is less than government spending of 2610. This creates a deficit of -290billion. Also, it can...
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