Give an example of currency translation that is a change in numeraire
What will be an ideal response?
A firm has income in yen from overseas operations that may be valued in dollars.
Business
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What is the time lag between the actual production of goods and when the goods are sold known as?
a. Short-term financing b. Speculative production c. Risk-return ratio d. Long-term financing e. Cash flow
Business
All of the following are characteristics of FHA-insured loans, except:
A. mortgage insurance premiums B. Owner occupancy requirement C. No down payment D. More lenient underwriting standards
Business