Borrowing from the Bank in Order to Acquire Computer Equipment

question 159

Short Answer

Borrowing from the bank in order to acquire computer equipment for $1,500 has the effect of increasing both assets and ____________________.

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Definitions:

Currency Speculators

Investors who buy and sell foreign exchange with the aim of making a profit from changes in exchange rates, influencing currency values and economic conditions.

Spot Trade

A transaction for the immediate delivery of a currency, financial instrument, or commodity.

Business Days

Days of the week excluding weekends and public holidays when businesses and government offices are typically open.

Forward Trade

Agreement to exchange currency at some time in the future.