Factors That Might Influence Foreign Exchange Rates with Respect to Political

question 38

Multiple Choice

Factors that might influence foreign exchange rates with respect to political factors would include election year or leadership change and:

• A)money supply.
• B)balance of payments.
• C)exchange rate control as imposed by a government.
• D)size of the military.
• E)amount of armed conflict in the world.

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Definitions:

Sales Invoice

A document issued by a seller to a buyer, listing items or services supplied and specifying the amount due for payment.

Purchase Order

A formal document sent from a buyer to a supplier to authorize the purchase of products or services under specified terms and conditions.

Subsidiary Ledger

A detailed ledger that contains the individual accounts needed to support a specific general ledger account.

Accounts Payable

Liabilities of a business that are obligations to pay creditors for goods and services purchased on credit.