Suppose That the Real Exchange Rate Between Canada and Tanzania

question 100

Multiple Choice

Suppose that the real exchange rate between Canada and Tanzania is defined in terms of baskets of goods. What will increase the real exchange rate (that is, increase the number of baskets of Tanzanian goods a basket of Canadian goods buys) ?

• A) an increase in the number of Tanzanian shillings that can be purchased with a dollar
• B) an increase in the price in Canadian dollars of Tanzanian goods
• C) an increase in the price in Tanzanian shillings of Tanzanian goods
• D) a decrease in the number of Tanzanian shillings that can be purchased with a dollar

Recognize the terms and implications of credit sales terms like 2/10, n/30.

Identify the components of the operating cycle for a merchandiser.

Understand the impact of new revenue recognition rules on financial statements.

Understand the principles and applications of nonlinear optimization models.

---

Definitions:

Positively

In a positive manner, often implying an affirmative, constructive, or optimistic nature in approach or outcome.

Public Self-consciousness

is a personality trait that makes individuals more aware of how they are perceived by others, leading them to modify their behavior in social situations.

Cosmetics

products applied to the body to improve or change the appearance.

Clothing

Fabric or material worn on the body to protect, adorn, or communicate social, cultural, or personal identity.