In the Sentence Businesses in Many States Are Taking Advantage

question 34

Multiple Choice

In the sentence Businesses in many states are taking advantage of low-interest loans to expand their international sales, the complete subject is ____.

• A)Businesses
• B)sales
• C)Businesses in many states
• D)loans

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Definitions:

Year End

The end of a fiscal year or accounting period, at which time companies summarize financial activities.

Spot Rate

The current market price used to directly exchange one currency for another, for immediate delivery.

Forward Rate

The agreed-upon exchange rate for a currency transaction that will occur at a future date.

Average Rate

The average rate is a mean exchange rate over a specified period, used for accounting purposes to convert foreign currencies into the functional currency.