The Foreign Exchange Rate Describes the

question 122

Multiple Choice

The foreign exchange rate describes the

• A) balance of trade.
• B) balance of payments.
• C) law of comparative advantage.
• D) price of foreign currency in terms of domestic currency.

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Definitions:

Recruitment

The process of finding and attracting capable applicants to apply for employment and accept job offers that are extended to them.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.

Reverse Discrimination

Reverse discrimination refers to the unfair treatment of members of a majority or dominant group, often as a result of attempting to correct historical inequalities towards minority groups.

Employment Equity Programs

Developed by employers to undo past employment discrimination or to ensure equal employment opportunity in the future. Called affirmative action programs in the United States.