The Fact That Exchange Rates Are Nearly Identical in Different

question 145

Multiple Choice

The fact that exchange rates are nearly identical in different markets around the world is due to:

• A)the actions of speculators.
• B)official action by central banks around the world.
• C)the actions of arbitrageurs.
• D)the agreement by the policy makers of major industrial countries.
• E)the actions of currency converters.

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Definitions:

Employer

An organization or individual that hires employees to perform specific tasks in exchange for compensation.

Vacation Pay Expense

The cost incurred by an employer for the amount of vacation time accrued to employees.

Payroll Register

A detailed document that lists employees' pay rates, hours worked, deductions, and net pay during a pay period.

Total Net Pay

The amount of money an employee receives after all deductions, including taxes and benefits, have been subtracted from their gross pay.