Which of the following is not an application of accrual accounting?

A) Recognizing revenues when earned and expenses when incurred.
B) Applying the matching rule.
C) Adjusting the accounts.
D) Recording on the basis of actual receipt and payment of cash.

D

Business

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The GATS does not allow exceptions to the MFN treatment rule

Indicate whether the statement is true or false

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Among IMF member countries since 2010 the dominating exchange rate regime has been:

A) hard peg. B) soft peg. C) floating arrangements. D) residual agreement.

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