Calculate the Current Exchange Rate AUD/GBP,given These Two Quotes

question 29

Multiple Choice

Calculate the current exchange rate AUD/GBP,given these two quotes:
AUD/USD 0.5640-50
GBP/USD 1.5850-60

• A) AUD/GBP 0.3558-62
• B) AUD/GBP 0.3556-65
• C) AUD/GBP 0.8945-55
• D) AUD/GBP 0.8939-45

Compare and contrast the views of Talcott Parsons and Robert K. Merton on structural functionalism.

Analyze the critiques and limitations of systems theory and structural functionalism.

Understand the concepts of teleology and tautology in the context of sociological theories.

Recognize the role of prestige and positions in societal structures and stratification.

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Definitions:

Excess Earnings

Profits that exceed the normal expected return on investment or capital for a business operation or asset.

Fair Value

The estimated price at which an asset or liability could be bought or sold in an orderly transaction between market participants.

Goodwill

A non-physical asset that comes into existence when a company is purchased at a price higher than the fair market value of its net identifiable assets.

Book Value

The net value of a company's assets found on its balance sheet, minus liabilities, often compared to market value for analysis.