A spot transaction in the foreign exchange market involves the
A) exchange of exports and imports at a specified future date.
B) exchange of bank deposits at a specified future date.
C) immediate (within two days) exchange of exports and imports.
D) immediate (within two days) exchange of bank deposits.
D
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The matching principle is also called the ________
A) adjusting entry concept B) revenue recognition principle C) expense recognition principle D) time period concept
A wine company had to market its products with a different name in a foreign market as it was mandatory to translate the name in the local language. The factor that is influencing product adaptation in the above scenario is _____.
A. legal requirements B. climatic requirements C. technological requirements D. cultural requirements E. economic requirements