When the Value of a Currency Is Determined Mostly by Demand

question 169

Multiple Choice

When the value of a currency is determined mostly by demand and supply,but with occasional government intervention,the exchange rate system is defined as

• A)fixed.
• B)floating.
• C)managed float.
• D)Bretton Woods.

Recognize the cost implications of offering trade credit discounts and the use of stretching accounts payable.

Identify the purposes and differences between short-term and long-term cash budgets.

Understand the principles guiding the use of trade credit and the evaluation of credit cost.

Comprehend the implications of using short-term over long-term financing, including interest rate risks.

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