24-88 at the End of the Year 2,the Exchange Rate

question 47

Multiple Choice

24-88 At the end of the year 2,the exchange rate is €1/$.What are the losses and gains to each bank as a result of this swap.Ignore principal payments and compare it to the scenario where it did not engage in the swap.

• A)With the agreement,Bank Dresdner pays €2.5 million less while Bank USA pays $1.25 more.
• B)With the agreement,Bank Dresdner pays €2.5 million more while Bank USA pays $2.5 million less.
• C)With the agreement,Bank USA pays $3.75 million less while Bank Dresdner pays €7.5 million more.
• D)With the agreement,Bank USA pays $3.75 million more while Bank Dresdner pays €7.5 million less.
• E)Each bank pays the same because the exchange rate affects both parties equally

Identify the essential characteristics emphasized by Minimalist sculptors.

Discern the elements considered essential to painting by various artists.

Associate artists with specific art movements and understand their techniques.

Appreciate the thematic and stylistic diversity in art from the post-WWII period to contemporary times.

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Definitions:

Strengthen Capitalism

Efforts or actions taken to bolster the efficiency, competitiveness, and innovation within capitalist economic systems.

Safer Working Conditions

Refers to workplace environments designed to minimize risk of injury or harm to employees, adhering to health and safety regulations.

Scientific Management

A management theory developed by F.W. Taylor aiming to improve economic efficiency and labor productivity through systematic study and analysis of work processes.

Historical Development

The process of change over time within human societies, cultures, or civilizations, often studied to understand present conditions.