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The Binominal System of Nomenclature Was Originally Developed by

question 38

Multiple Choice

The binominal system of nomenclature was originally developed by

Comprehend basic concepts relating to exchange rates including how to calculate currency conversions and interpret exchange rate movements.

Understand the short-run and long-run exposures to exchange rate risks and their implications for international financial management.

Gain knowledge on theoretical frameworks explaining the determination and dynamics of exchange rates such as purchasing power parity and interest rate parity.

Be able to define and explain the significance of financial terms and instruments used in international finance such as cross-rates, Eurobonds, exchange rate risk, and swaps.

Definitions:

Discretionary Powers

Authority granted to individuals or bodies to make decisions and act according to their judgment and wisdom within the bounds of their legal authority, often seen in administrative and government contexts.

Ministerial Nature

Pertains to duties or functions that are performed according to prescribed procedures or laws, without room for personal judgment or discretion.

Regulatory Violations

Acts or omissions by entities that fail to comply with laws and regulations governing their operation.

Ultra Vires

This term refers to acts or deeds conducted outside or beyond the powers of the laws of an entity, especially a corporation's activities exceeding its chartered powers.