Under the EMS, Germany Set the System's

question 99

Multiple Choice

Under the EMS, Germany set the system's

• A) monetary policy while the other European countries pegged their currencies to the DM.
• B) fiscal policy while the other European countries pegged their currencies to the DM.
• C) monetary policy while the other European countries kept their currencies fluctuating relative to the DM.
• D) fiscal policy while the other European countries kept their currencies fluctuating relative to the DM.
• E) monetary policy, while other European countries maintained their traditional policies.

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Definitions:

FOB Destination

This Incoterm means that the seller bears all costs and risks of transporting goods until they are delivered to the buyer's specified location.

FOB Shipping Point

FOB Shipping Point is a freight term indicating that the buyer assumes responsibility for the goods and the cost of shipping the moment the goods leave the seller’s premises.

Perpetual Inventory System

An approach in accounting that captures transactions related to inventory purchases or sales the moment they occur, facilitated by digital point-of-sale systems and enterprise asset management applications.

Periodic Inventory System

A method of inventory management where updates to inventory levels are made periodically at the end of an accounting period, rather than continuously.