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14-74 If the Exchange Rate Had Fallen from $1

question 32

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14-74 If the exchange rate had fallen from $1.60/£1 at the beginning of the year to $1.50/£1 at the end of the year when the FI needed to repatriate the principal and interest on the loan.What would the dollar loan revenues at the end of the year be as a return on the original dollar investment?


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Off-Duty Deputy

A law enforcement officer who is not currently on their assigned work shift, yet may still hold certain responsibilities and legal powers.

Illusory

Pertaining to something that seems real or possible but proves to be false or unattainable.

Conditional Promise

A pledge to do or not do something that is contingent upon a certain event occurring or a condition being met.

Pre-Existing Duty

An obligation that a party is already legally obliged to perform, which is not considered sufficient to serve as consideration for a new contract.

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