Which of the Following Events Is Likely to Generate a Supply

question 75

Multiple Choice

Which of the following events is likely to generate a supply of U.S. dollars in the foreign exchange market?

• A) A Saudi Arabian citizen buys a condominium in New York.
• B) An American student will pay her way to attend her first year of college at Oxford, England.
• C) Alabama Mills exports 5,000 bales of cotton to Pakistan.
• D) Hans Meyer, a German citizen, plans to spend a month in California, sampling wines.

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Definitions:

Actual Sales

Revenue generated from goods sold or services provided in a particular period, factually recorded.

Sales Variance

Sales variance is the difference between actual sales and budgeted or planned sales, used to assess performance.

Variable Costs

Costs that vary directly with the level of production or business activity.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, or insurance premiums.