If the supply of a currency rises, which of the following is most likely to be true regarding the currency's price?
A) The price of the currency fluctuates randomly.
B) The price of the currency stays the same.
C) The price of the currency lowers.
D) The price of the currency increases.
C
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The cost of debt can be determined using the yield-to-maturity and the bond rating approaches. If the bond rating approach is used, the:
a. coupon is the yield. b. yield is based on the interest coverage ratio. c. company is rated and the rating can be used to assess the credit default spread of the company's debt.
A bank has a training program that contains six stages. Newcomers must complete each stage of the training in one month, making the total training time six months. Which of the following socialization tactics is this bank using?
A) random B) informal C) disjunctive D) fixed