Finance

What is the name of the exchange rate system in which countries allow

What is the name of the exchange rate system in which countries allow the value of their currency to be determined freely in the foreign exchange markets around the world without any government restrictions? A) European currency unit B) fixed currencies C) floating currencies D) dirty float currency     ANSWER Answer: C

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Date: September 19th, 2020

What is the name of the exchange rate system where the governments att

What is the name of the exchange rate system where the governments attempt to make sure the values of their currencies trade at particular values in the foreign exchange market, relative to another currency or a “basket” of currencies? A) European currency unit B) fixed currencies C) floating currencies D) dirty float currency     […]

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Date: September 19th, 2020

A decrease in collection efforts by a firm will result in ________ in

A decrease in collection efforts by a firm will result in ________ in sales volume, ________ in the investment in accounts receivable, ________ in bad debt expenses, and ________ in collection expenditures. A) an increase; an increase; an increase; a decrease B) an increase; a decrease; an increase; an increase C) an increase; a decrease; […]

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Date: September 19th, 2020

An increase in accounts receivable turnover for a firm due to an incre

An increase in accounts receivable turnover for a firm due to an increase in collection efforts will ________. A) decrease the firm’s marginal investments in accounts receivable B) increase the firm’s marginal investments in accounts receivable C) decrease the firm’s collection expense D) increase the firm’s bad debt expense     ANSWER A

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Date: September 19th, 2020