Which of the Following Terms Represents an Increase in Foreign

question 46

Multiple Choice

Which of the following terms represents an increase in foreign currency value relative to the U.S. dollar between the dates of purchase and payment?

• A)Exchange gain
• B)Exchange loss
• C)Exchange decrease
• D)Exchange translation

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Definitions:

Fairness

In economics and social policy, fairness relates to equitable treatment and distribution of resources and opportunities among individuals and groups, often debated in the context of income distribution and access to services.

Price Increases

A rise in the cost of goods or services over a period, often due to factors like inflation, increased costs of production, or supply and demand shifts.

Higher Costs

Situations where the expenses associated with producing goods or services are elevated, often reducing profitability.

Business Firms

Business firms are entities that engage in professional, commercial, or industrial activities with the aim of generating profits from their operations.