Exchange rate calculations
Not what you're looking for?
On May 16, the exchange rate of a German mark was $.58. On May 20, the exchange rate is $.57. Which of the following statements is true?
a. The dollar has risen against the mark
b. The dollar has fallen against the mark
c. The dollar is weaker than the mark
d. The dollar and the mark are equally strong
What causes one country's currency to rise or fall against another's?
Purchase this Solution
Solution Summary
Exchange rate calculation and reasons for currency fluctuations.
Solution Preview
The answer is a. If a mark can be purchased for fewer dollars, then the dollar has risen ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.