The Largest Part of U

question 19

Multiple Choice

The largest part of U.S.demand for foreign currencies arises from

• A)Increases in investments abroad
• B)Imports of merchandise
• C)Gifts that persons in the U.S.sent abroad
• D)Foreign aid transfers from the U.S.to developing countries
• E)None of the above

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Definitions:

Administrative Expenses

Expenses that are not directly tied to the production of goods or services, such as salaries of office workers, rent, and utilities.

Tenant-Days

A measure used in the hospitality or rental industry, referring to the total number of days that units are occupied by tenants.

Activity Variance

The difference between the budgeted cost and actual cost attributed to changes in the level of activity.

Net Operating Income

Income generated from a company's everyday business operations, excluding deductions for interest and taxes.