Which of the Following Would Be Considered a Service Department

question 61

Multiple Choice

Which of the following would be considered a service department for an airline?

• A) Maintenance.
• B) Information Systems.
• C) Purchasing.
• D) Flight Catering.
• E) All of the other answers are correct.

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Definitions:

Exchange Rate

The worth of one currency in relation to another for converting between them, showing the amount one currency is equivalent to in another currency.

Interest Rate Parity

A theory which posits that the difference between the interest rates of two countries is equal to the difference between the forward exchange rate and the spot exchange rate.

Interest Rate Differential

The difference in interest rates between two financial instruments or two countries, often influencing currency values and investment flows.

Forward Exchange Rate

The agreed-upon exchange rate for currencies to be exchanged on a specified future date.