A gain is always recorded as a credit and a loss is always recorded as a debit.
a. true
b. false
Ans: a. true
Business
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The Medical Information Bureau consists of
A) insurance agents B) health care providers C) doctors D) life and health insurance companies
Business
Which of the following is an argument for a floating exchange rate system?
A. Each country should be allowed to choose its own inflation rate. B. Speculation in exchange rates dampens the growth of international trade and investment. C. Unpredictability of exchange rate movements makes business planning difficult. D. Removal of the obligation to maintain exchange rate parity destroys a government's monetary control. E. Trade deficits can be determined by the balance between savings and investment in a country, not by the external value of its currency.
Business