Match the Following

Question 160

Matching

Match the following:

Premises:

Responses:

Fixed exchange rates

An exchange rate quoted for delivery of a currency at a future date

Results when a foreign subsidiary's financial statements are consolidated into U.S. dollars after the dollar has strengthened against the foreign currency

Rates established by treaty after WWII under which nations agreed to maintain constant exchange rates with the US dollar

The number of units of a foreign currency needed to buy one U.S. dollar

Premises:

Fixed exchange rates

Responses:

An exchange rate quoted for delivery of a currency at a future date

Results when a foreign subsidiary's financial statements are consolidated into U.S. dollars after the dollar has strengthened against the foreign currency

Rates established by treaty after WWII under which nations agreed to maintain constant exchange rates with the US dollar

The number of units of a foreign currency needed to buy one U.S. dollar

Correct Answer:

Premises:

Responses:

An exchange rate quoted for delivery of a currency at a future date

Results when a foreign subsidiary's financial statements are consolidated into U.S. dollars after the dollar has strengthened against the foreign currency

Rates established by treaty after WWII under which nations agreed to maintain constant exchange rates with the US dollar

The number of units of a foreign currency needed to buy one U.S. dollar

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