In Considering Pounds and Dollars We Can Say That When

question 204

Multiple Choice

In considering pounds and dollars we can say that when the dollar rate of exchange for the pound rises

• A)the pound rate of exchange for the dollar will fall.
• B)the pound rate of exchange for the dollar will also rise.
• C)the pound rate of exchange for the dollar may either fall or rise.
• D)American net exports to Britain will tend to fall.

---

Definitions:

Land's Cost

The purchase price of land plus any additional costs spent to put it into use, such as legal fees and land grading expenses.

Prepaid Insurance

An asset account that reflects the amount paid for insurance policies in advance, before the coverage period.

Insurance Expense

This refers to the costs incurred by a business or individual as a result of purchasing insurance to protect against risks.

Unexpired Insurance

The portion of an insurance premium that has not yet expired or been used and is considered a prepaid expense.