Which of the Following Best Describes Exchanges Rates That Are

question 217

Multiple Choice

Which of the following best describes exchanges rates that are determined by the demand and supply foreign exchange in the absence of official intervention?

• A)floating exchange rates
• B)the gold standard
• C)target zones
• D)the Bretton Woods system

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Definitions:

Variable Costs

Costs that change in proportion to the activity of a business.

Property Taxes

Taxes levied by local governments based on the assessed value of property, including land and buildings owned.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much contributes to covering the fixed costs.

Break-even Sales

The amount of revenue needed to cover both fixed and variable costs, resulting in no profit or loss.