A Need Refers to

question 163

Multiple Choice

A need refers to

• A)a sense of personal inadequacy based upon observations by others around you.
• B)a sense of urgency, which causes a person to take action.
• C)a feeling that is shaped by a person's knowledge, culture, or personality.
• D)a feeling of being deprived of something, but not fully understanding what it may be.
• E)a situation when a person feels deprived of basic necessities such as food, clothing, and shelter.

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Definitions:

International Capital Budgeting

The process of evaluating and selecting long-term investments in different countries, taking into account exchange rates, political risk, and economic factors.

Uncovered Interest Parity

A financial theory stating that the difference in interest rates between two countries is equal to the expected change in exchange rates between those countries' currencies.

Forward Exchange Rate

The rate agreed upon for exchanging one currency for another at a future date.

Spot Exchange Rate

The immediate rate at which one can purchase or sell currency for on-the-spot delivery.