An Exchange Rate of €1 = $1

question 56

Multiple Choice

An exchange rate of €1 = $1.30 indicates that:

• A)$1 is worth 1.30 euros.
• B)one could sell 1.30 euros for $1.
• C)one euro buys $1.30.
• D)there are 1.30 euros for every dollar.

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Definitions:

Dividends

Disbursements issued by a company to its shareholders, representing a distribution of the company's earnings to its stockholders.

Corporation Treasury

The division within a corporation responsible for its financial operations, including cash management, investments, and risk management.

Shareholder Minutes

Official records of the discussions and decisions made during shareholders' meetings of a corporation.

Model Business Corporation Act

A standardized legal framework intended to assist states in the United States in drafting laws that regulate the incorporation and operation of corporations.