A Bank Exchanging Foreign Currency Makes Its Profit in What

question 51

Multiple Choice

A bank exchanging foreign currency makes its profit in what manner?

• A)on the difference between the spot rate and the foreign rate
• B)A bank is forbidden,by law,to charge a premium in foreign currency exchange.
• C)on the present value of the forward rate discounted to the date an option is purchased
• D)on the difference between the retail rate and the wholesale rate

Acknowledge the impact of teratogens on prenatal development and childhood outcomes.

Understand the research methods used in developmental psychology and their application to studying prenatal and early childhood development.

Understand the impact of saturated fats and trans fatty acids on health.

Recognize the importance of certain vitamins and minerals in preventing health issues.

---

Definitions:

Check Register

A record of checks written, deposits made, and balances in a checking account.

Vouchers Payable

An accounting term that represents the obligation of a business to pay for goods or services that have been received, but not yet paid for.

Purchases Discount

A contra-cost account in the general ledger that records discounts offered by vendors of merchandise for prompt payment of purchases by buyers.

Merchandise

Goods brought into a store for resale to customers.