In Which of the Following Situations Would an FI Be

question 49

Multiple Choice

In which of the following situations would an FI be considered net long in foreign assets if it has ¥100 million in loans?

• A)¥120 million in liabilities.
• B)¥80 million in liabilities.
• C)¥100 million in liabilities.
• D)¥110 million in liabilities.
• E)¥120 million in liabilities and ¥110 million in liabilities.

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Definitions:

Gross Pay

The total amount of money earned by an employee before any deductions or taxes are taken out.

FUTA Tax

The tax imposed by the Federal Unemployment Tax Act, paid by employers to support state employment agencies.

SUTA Tax

State Unemployment Tax Act tax, which is a state-based tax that employers pay to fund the unemployment benefits for workers who lose their jobs.