As the Dollar Price of a Foreign Currency (For Example,dollars

question 48

Multiple Choice

As the dollar price of a foreign currency (for example,dollars per yen) decreases,foreign goods will be __________ expensive,__________ foreign goods will be purchased,and __________ foreign currency will be demanded.

• A) less; more; more
• B) less; more; less
• C) more; fewer; less
• D) more; fewer; more

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Definitions:

Entries

Refers to individual records of financial transactions in accounting, documented in journals and ledgers.

Check

A written, dated, and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee.

Salaries

Regular payments made to employees for their labor or service, typically expressed as an annual amount but often paid on a monthly or bi-weekly basis.

Adjusting Journal Entry

An accounting record entered at the closing of a financial period to distribute profits and losses to the correct period.