Which of the Following Is NOT a Budget Typically Prepared

question 44

Multiple Choice

Which of the following is NOT a budget typically prepared for an activity accounted for in a proprietary fund?

• A) Appropriation budget.
• B) Cash budget.
• C) Capital budget.
• D) Flexible budget.

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Definitions:

Forward Exchange Rate

The price agreed upon for a currency transaction that will occur at a future date, used to hedge against currency risk.

Premium

An amount paid in addition to the standard or nominal amount, often for insurance, superior products, or securities above their face value.

Spot Rate

The current market price at which a particular asset, such as foreign currency, can be bought or sold for immediate delivery.

Direct Quote

A currency exchange rate expressed in terms of the home currency per unit of the abroad currency.