Answer the Next Question on the Basis of the Table

question 184

Multiple Choice

Answer the next question on the basis of the table below that shows the exchange rate between various currencies and the U.S.dollar
December 2015 Exchange Rate December 2016 Exchange Rate
Currency (dollars per unit of foreign currency) (dollars per unit of foreign currency)
Mexican peso $0.07 $0.09
Swiss franc $1.10 $1.05
Japanese yen $0.010 $0.012
British pound $1.64 $1.58
-A demand for U.S.dollars would result from

• A) An American tourist visiting the British Museum in London
• B) A Japanese investor purchasing German securities
• C) Honda,a Japanese auto company,buying land in Alabama
• D) Airbus,a European firm,selling jetliners to airlines in South Korea

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Definitions:

Practice

The act of repeatedly performing or exercising an activity or skill so as to acquire or maintain proficiency in it.

Internal Auditors

Professionals who conduct audits within an organization to assess the effectiveness, efficiency, and compliance of operational processes and controls.

Accounting Department

The division within a business that is responsible for managing the financial records, payroll, receivable and payable accounts, and financial reporting.

Passive Continental Margin

A region where the transition between oceanic and continental lithosphere that is not an active plate boundary occurs.