Which of the Following Firms Is Likely to Maintain Low

question 53

Multiple Choice

Which of the following firms is likely to maintain low levels of debt?

• A)An electric utility
• B)A tobacco company
• C)An Internet firm
• D)A mature restaurant chain

---

Definitions:

¥ Per A$

The exchange rate showing how much Japanese yen (¥) one Australian dollar (A$) can buy.

Exchange Rate

An exchange rate determines how much one currency is worth in terms of another, playing a critical role in international trade and investment.

¥1.00

The monetary value of one Japanese yen, the official currency of Japan.

A$

The symbol for the Australian Dollar, the official currency of Australia.