The Exchange Rate Is The

question 11

Multiple Choice

The exchange rate is the:

• A)ratio of exports to imports.
• B)interest rate the U.S.government charges on international loans.
• C)percentage of domestic goods that are exported.
• D)cost of one nation's currency in terms of another nation's currency.
• E)rate that central banks charge each other for currency exchanges.

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Definitions:

FOB Destination

Freight terms indicating that the seller places the goods free on board to the buyer’s place of business, and the seller pays the freight.

Physical Count

An inventory audit practice where a company manually counts all of its inventory at a certain point in time to verify stock levels and values.

Transit

The process or period of moving goods or people from one place to another.

FIFO Method

The First-In, First-Out method is an inventory valuation technique where the costs of the earliest goods purchased are the first to be recognized in cost of goods sold.