Use the Following to Answer Questions

question 55

Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-West African kingdom that became strong through its rulers' exploitation of the slave trade.

• A)Indian Ocean commercial network
• B)trading post empire
• C)Philippines (Spanish)
• D)British/Dutch East Indian companies
• E)Tokugawa shogunate
• F)"silver drain"
• G)Potosí
• H)soft gold
• I)African diaspora
• J)Benin
• K)Dahomey
• L)Ayuba Suleiman Diallo

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Definitions:

Current Rate Method

In accounting, a method for converting the financial statements of a foreign subsidiary to the parent company's currency by applying the current exchange rate to all assets, liabilities, equity, income, and expenses.

Exposure

The extent to which a company is vulnerable to risks from external factors such as currency fluctuations, market volatility, or regulatory changes.

Exchange Rate

The value of one currency expressed in terms of another currency, used in converting amounts between different currencies.

Malaysian Palm Oil

Refers specifically to palm oil produced in Malaysia, a major global producer and exporter of the commodity used in foods, cosmetics, and biofuels.