If a company from Country A decides to sell merchandise to a company from Country B, then the company from Country A ________
A) will denominate the sale in its own currency since it is too hard to convert foreign currency
B) will denominate the sale in the currency of the buyer since it is too hard for them to convert foreign currency
C) can denominate the sale in either currency and use the foreign-exchange market to convert currency
D) can use the OTC market to convert receipts in the future and the exchange markets to convert receipts in the spot market
C
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In Arkansas, as well as most states, the “implied contract” theory is part of the employment law of the state due to a legal precedent. This theory requires that an employer:
A. Pay all workers 25% more than minimum wage. B. Agree to never ask a worker to work more than 40 hours in a given week. C. May only terminate a worker for good cause. D. Promise that all workers will be guaranteed a minimum of 2 weeks of vacation time per year E. NONE of these.
A two-party negotiable instrument that is a special form of note created when a person deposits money at a financial institution in exchange for the institution's promise to pay back the amount of the deposit plus an agreed-on rate of interest upon
the expiration of a set time period agreed upon by the parties is known as a ________. A) collateral note B) check C) certificate of deposit D) bill of exchange