Which of the following is a promise by the Government to pay a stated sum after expiry of the stated period from the date of issue? a. Commercial Papers b. Bankers’ Acceptance c. Treasury Bills d. Bills of Exchange

Q: Group of answer choices When nonmonetary items are translated from foreign currency to functional…

A: Foreign Currency Transaction The effects of changes in foreign exchange rates are explained in the…

Q: 3 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 121 02 Foreign Currency Receivables XXX 120 02…

A: Foreign Currency transactions must be recorded at the exchange rate prevailing at the time of…

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A: Certificate of Deposit or CD is an agreement between the depositor and the bank where a fixed amount…

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Q: In a fixed exchange rate regime, the government Select one: a. establishes capital controls. b.…

A: In a fixed exchange rate regime the government pegs its currency to another currency or to gold. The…

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A: A forward contract is an agreement to make or take delivery of a commodity, currency or other asset…

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A: These are also known as treasury bonds which pay the fixed interest payment every 6 months until…

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A: Franchise Account The Purpose of providing the franchise business to allow to use the reputation of…

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A: The central bank of a country is the apex banking and financial institutions of the country and…

Q: A Eurodollar deposit is..   a) a deposit denominated in euros at a US bank  b) a deposit…

A: The deposit is the amount or currency that individual has saved in place for getting interest and…

Q: Choose the correct. In accounting for foreign currency transactions, which of the following…

A: In accounting for foreign currency transactions, two transaction perspective is used in United…

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A: A bond discount expense has been incurred and being an employee for a Public Accounting what…

Q: Credit entries in the U.S. balance of payments  (A) result from foreign sales of US. goods and…

A: Balance of payment: It is a statement that shows all the transactions that have occurred between a…

Q: Which of the following is a matured money market instrument widely used in the USA, Europe and Asia…

A: Money market instruments are commonly used every where due to high liquidity and safe return.

Q: The short-term loan that are given to importers and exporters are known as; a. Re-purchase agreement…

A: When the payment is a guarantee by the banks rather than the account holders it is referred as the…

Q: The Hong Kong, A. Money Authority is responsible for exchange rate stability. B. Monetary D.…

A: The Hong Kong Money Authority is responsible for exchange rate stability. Therefore, the answer is…

Q: In the issuance of treasury bills (T-bills) the government is the a. Debtor b. Creditor c. Guarantor…

A: The treasury bills are the financial instruments for the business which are used to raise money from…

Q: Which of the following statements is true regarding STRIPS? O a) They are issued by the Treasury. O…

A: Strips: (Separate Trading of Registered interest and Principal of Securities) are debt securities…

Q: What is the initial measurement of foreign currency transaction? Closing rate for both monetary…

A: Foreign Currency Transaction: It occurs when a company makes a transaction that is denominated in a…

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A: A commercial letter of credit  A commercial letter of credit is written on behalf of the customer…

Q: A deposit premium can be defined as The initial payment schedule required to institute a premium…

A: An insurance contract is a contract where the insured pays the insurer premiums for coverage…

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Q: What is the % of t

A: In this question, we have to answer according to the Philippine government data.

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A: Following are the main functions are IMF: Providing stability for exchange. Economy stability…

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A: Description 1: Based on the description, it is classified as U.S. treasury bills. The financial…

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A: In the given question, there are two statements given and we need to choose the right option.…

Q: Which type of short-term loan is secured with Treasury bills as collateral?   A. Federal funds…

A: A Treasury Bill  A Treasury Bill is also known as a T-Bill. It is a short-term borrowing instrument…

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Q: Special Drawing Rights are Answer 1. a reserve asset created by the International Monetary Fund that…

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A: RBI is the main monetary authority in India that controls the demand and supply of money in India.

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A: The correct options are C. issued in the U.S. that represents shares of a foreign stock. E. in…

Q: he amount of loans that a bank can create is limited by elect one: O a. laws enacted by Parliament.…

A: The amount of loans that a bank can creates limited by - (b) the monetary base, bank's desired…

Q: What is reformatting in Restating Foreign Financial Statements to U.S. GAAP? Discuss it.

A: Introduction: The Generally Accepted Accounting Principles (GAAP or US GAAP) are a set of widely…

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A: Financial Account - It is a kind of component of a country's balance of payments which covers the…

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A: Government always uses different techniques to control inflation and one technique is called open…

Q: Explain fully why and how government intervenes in the foreign exchange market?

A: Foreign exchange intervention comes when a central bank or the government may assess that its…

Q: Which of the following are issued by the United States Government to borrow money? OA. Treasury…

A: Financial Instruments are the instruments used to trade between two parties which carries monetary…

Q: According to PAS 21, exchange differences arising from the translation of monetary items arising…

A: PAS 21 is related to the effects of changes in foreign exchange rates in the business. It mean when…

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A: Central bank is defined as the institution, which helps in managing the monetary policy as well as…

Q: 22- Which of the following is a promissory note, a written promise today, issued by a large,…

A: In the given question we need to choose the correct option for following question : Which of the…

Q: Explain the characteristics of a bill of exchange and state the ways a bill of exchange Inay be…

A: The question is related to Bill of exchange. A Bill of Exchange has been defined as an instrument in…

Types of Money Market Instruments