Suppose the Direct Foreign Exchange Rates in U

question 9

Multiple Choice

Suppose the direct foreign exchange rates in U.S.dollars are:

-Based on the information given above,the indirect exchange rates for the Singapore dollar and the Cyprus Pound are:

• A)1.7655 Singapore dollars and 1.4235 Cyprus pounds respectively.
• B)0.2975 Singapore dollars and 1.5132 Cyprus pounds respectively.
• C)2.1622 Singapore dollars and 0.4625 Cyprus pounds respectively.
• D)1.4235 Singapore dollars and 0.3979 Cyprus pounds respectively.

Recognize the principles of taxation and their application in policy justification.

Identify concepts of horizontal and vertical equity in taxation.

Describe the characteristics and effects of progressive, proportional, and lump-sum tax systems.

Understand the benefits principle of taxation and its application.

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Definitions:

Economical

Pertaining to efficient resource usage or offering good value for money.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a certain period of time, indicating the efficiency of inventory management.

Holding Cost Rate

The expense incurred for storing unsold goods, including warehousing, insurance, and spoilage costs.

Economical

Characterized by efficiency and avoidance of waste; making prudent use of resources.