__________ Is the Only Country with Land in All Four

question 21

Multiple Choice

__________ is the only country with land in all four hemispheres: north and south of the equator and on both sides of the 180° meridian.

• A)Tuvalu
• B)Samoa
• C)Tonga
• D)Kiribati
• E)Tahiti

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Definitions:

Fair Value Hedge

A hedge that protects against changes in the fair value of an asset or liability or an unrecognized firm commitment.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Mexican Pesos

The currency of Mexico, represented by the symbol $ or MXN, used for all financial transactions within the country.

Forward Contract

A customized contractual agreement to buy or sell an asset at a specified price on a future date, used to hedge against price movements.