U)S Dollar Deposits in Foreign Banks Outside the U

question 21

Multiple Choice

U) S. dollar deposits in foreign banks outside the U.S. or in foreign branches of U.S. banks are called

• A)Atlantic dollars.
• B)Eurodollars.
• C)foreign dollars.
• D)outside dollars.

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Definitions:

Net Capital Spending

The total expenditure on physical assets less any asset sales, reflecting how much a company is investing in its physical assets.

CCA Rate

The annual depreciation rate used under the Canadian tax system to calculate depreciation expense for tax purposes on a depreciable asset.

CCA

An acronym that can stand for Capital Cost Allowance, which is a tax deduction for depreciable property in Canada.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.