When a Good Is Imported into Australia, There Is Created

question 122

Multiple Choice

When a good is imported into Australia, there is created a

• A)supply of foreign currency with no effect on the market for the Australian dollar.
• B)demand for foreign currencies and a supply of Australian dollars.
• C)supply of foreign currencies and a demand for Australian dollars.
• D)demand for Australian dollars with no effect on the markets for foreign currencies.

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Definitions:

Investment Account

A financial account held by an investor with a brokerage or financial institution, primarily used for holding stocks, bonds, mutual funds, and other securities.

Previously Unissued Shares

Shares that are authorized by a corporation's charter but have not been issued or sold to investors.

Consolidated Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, including the cash flows of the parent company and its subsidiaries.

Decrease in Accounts Payable

A situation where the total amount owed by a company to its suppliers or creditors decreases during a specific period.