This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When a U.S. importer needs 22,000 to settle an invoice for 25,520 Swiss francs, the exchange rate ... (Read 108 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
When a U.S. importer needs 22,000 to settle an invoice for 25,520 Swiss francs, the exchange rate must be:
 a. 1 Swiss franc = 1.16.
  b. 1 Swiss franc = 0.16.
  c. 1 Swiss franc = 0.84.
  d. 1 = 1.16 Swiss franc.
  e. 1 = 1.84 Swiss franc.

Question 2

Which of the following is true?
 a. Items that supply the nation's currency to the foreign exchange market are recorded as credits in the nation's balance of payments accounts.
  b. Items that create a demand for the nation's currency in the foreign exchange market are recorded as debits in the nation's balance of payments accounts.
  c. The purchase of a BMW from a German automaker by a U.S. college professor would be recorded as a debit in the U.S. balance of payments accounts.
  d. Both a. and b. are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


bio_gurl

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Jun 30, 2018
Thank you


coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Regulation of heat exchange in the skin. Regulation of heat exchange in the skin.
Exercise increases the heart rate. Exercise increases the heart rate.
How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library