You See on the Internet That the U

question 66

Multiple Choice

You see on the Internet that the U.S.exchange rate has fallen.This might have been caused by

• A)a decrease in the demand for or a decrease in the supply of dollars in the market for foreign-currency exchange.
• B)a decrease in the demand for or an increase in the supply of dollars in the market for foreign-currency exchange.
• C)an increase in the demand for or a decrease in the supply of dollars in the market for foreign-currency exchange.
• D)an increase in the demand for or a increase in the supply of dollars in the market for foreign-currency exchange.

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Definitions:

Bank Statement

A document provided by a bank that summarizes an account holder's financial transactions and balances over a specified period, typically monthly.

Cash Balance

The amount of cash that a company or an individual has available at any given time.

Journal Entry

An accounting record of a transaction where the total amounts in the debit and credit columns are equal.

NSF Check

A check that cannot be processed due to insufficient funds in the account of the issuer.