Because of International Time Lags Between Ordering and the Receipt

question 89

Multiple Choice

Because of international time lags between ordering and the receipt of goods, a depreciation of a currency:

• A) will not change import or export volumes for a time, since prices on orders already placed cannot be renegotiated.
• B) will immediately change import and export volumes, because buyers and sellers always include an opt-out clause.
• C) will affect import and export volumes in third countries not party to the particular transaction.
• D) will never change import or export volumes.

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Definitions:

Correct Order

The proper or desired sequencing of elements, items, or processes according to rules or guidelines.

Recording

The process of entering financial transactions into the accounting records of a business.

Voucher Register

A record of vouchers, which are documents evidencing expenditure or the transfer of funds.

Book Of Vouchers

A ledger or book that contains vouchers, which are documents or files acting as evidence for transactions.