In 1971,US

question 104

Multiple Choice

In 1971,U.S.trade figures showed that for the first time since 1945,the United States was importing more than it was exporting.This set off massive purchases of:

• A)U.S.dollars.
• B)German deutsche marks.
• C)British pounds.
• D)Japanese yen.

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Definitions:

Macroeconomic Environments

The overall condition and economic factors at a large scale affecting an economy, including inflation, growth, employment, and policies.

Expected Expense

Expected expense is a forecasted cost anticipated to be incurred in the execution of a plan or operation.

Expected Revenue

The anticipated amount of money a business will receive from its operations, calculated by multiplying potential sales quantity by the selling price.

Expected Revenue

The anticipated income from the sale of goods or services, calculated by multiplying the expected sales volume by the unit price.