If a Vulcan Importer Has to Write a 4,000 Vulcan

question 51

Multiple Choice

If a Vulcan importer has to write a 4,000 Vulcan bucks check to cover a $200 purchase from the United States,the exchange rate is

• A)200 Vulcan bucks to a dollar.
• B)100 Vulcan bucks to a dollar.
• C)20 Vulcan bucks to a dollar.
• D)10 Vulcan bucks to a dollar.
• E)20 dollars to a Vulcan buck.

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Definitions:

Private Enterprises

Businesses owned by individuals or groups, not by the state, operating for profit in a free market.

Loans

Borrowed sums of money that are expected to be paid back with interest.

Tariffs

Taxes imposed by a government on goods and services imported from other countries, used to control trade, raise government revenue, or protect domestic industries.

Import Quotas

Import Quotas are government-imposed limits on the quantity of certain goods that can be imported, aiming to protect domestic industries.