Which One of the Following Statements Is Correct Given the Following

question 40

Multiple Choice

Which one of the following statements is correct given the following exchange rates?

• A)On Thursday, one U.S.dollar was equal to 0.1023 South African rand.
• B)On Friday, one Thai baht was equal to $35.21.
• C)Both the South African rand and the Thai baht appreciated against the U.S.dollar from Thursday to Friday.
• D)The South African rand appreciated from Thursday to Friday against the U.S.dollar.
• E)The U.S.dollar depreciated from Thursday to Friday against the Thai baht.

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Definitions:

Vendor Payment

The process of compensating suppliers and service providers for goods delivered or services rendered, often as part of the procurement process in businesses and government agencies.

Project Grant

Financial support given by a government or organization for a specific project with defined objectives and outcomes.

Special Taxes

Taxes imposed for specific purposes, often to fund particular government projects or services.

Specific Programs

Specific programs denote particular initiatives or schemes designed to achieve certain goals within a broader policy or organizational framework.