Which One of the Following Sets of Exchange Rates Shows

question 9

Multiple Choice

Which one of the following sets of exchange rates shows "cross-rate equality" (or"consistent cross rates") ?

• A) 50 Indian rupees = $1; $2 = 1; 25 Indian rupees = 1
• B) 1 Indian rupee = 1.5 Pakistani rupees; 50 Pakistani rupees = 1 Singapore Dollar; 1 Singapore dollar = 75 Indian rupees
• C) 2 Swiss francs = $1; 1 Swiss franc = € ; €1 = $1.50
• D) $2 = 1; €1.5 = 1; €1 = $0.75

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Definitions:

Collective Bargaining Agreements

Legal contracts between employers and workers' unions outlining wages, hours, benefits, and working conditions.

Rank and File Approval

The process by which ordinary members of an organization, particularly a union, endorse decisions or policies, typically through voting.

Pattern Bargaining

A labor negotiation strategy where the terms agreed upon in one bargaining unit or company serve as a model for negotiations in others.

Concession Bargaining

A negotiation process in which the labor union agrees to give up certain benefits or conditions in exchange for something else from the employer.