Which of the Following Is a Positive Statement

question 231

Multiple Choice

Which of the following is a positive statement?

• A) I think we should pass a constitutional amendment to reduce the deficit.
• B) President Clinton's way of dealing with the economy is better than President Bush's.
• C) I hope interest rates come down soon.
• D) If taxes are raised, unemployment will drop.

---

Definitions:

Time of Settling

The specific point when the obligations of a financial transaction are fulfilled.

Foreign Subsidiary

A company that is based in one country but is controlled by a parent company in another country, operating under the laws and regulations of the country where it is located.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually determining the currency it uses for reporting financial statements.

Exchange Gain

The gain resulting from a favorable change in exchange rates affecting the value of foreign currency transactions.