The Specific Humidity of Air Changes When There Is a Change

question 19

Multiple Choice

The specific humidity of air changes when there is a change in

• A)pressure of a parcel of air.
• B)the temperature of a parcel of air.
• C)the addition or removal of water vapor.
• D)All of these.

Determine the accounting treatment for forward contracts and currency options under U.S. GAAP.

Analyze the effect of exchange rate changes on foreign currency denominated transactions and hedging activities.

Understand the definitions and applications of spot rates, forward rates, and the calculation of gains or losses on foreign exchange.

Identify the factors necessary to determine the fair value of forward contracts.