Depreciation of a currency occurs when
A) a floating exchange rate adjusts upward.
B) a floating exchange rate adjusts downward.
C) a fixed exchange rate is adjusted upward.
D) a fixed exchange rate is adjusted downward.
B
Business
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An open market purchase occurs when the Federal Reserve buys ______ on the open market (from dealers or banks)
Fill in the blank(s) with the appropriate word(s).
Business
The accounting principle that ensures all expenses are recorded during the period when they are incurred and offsets those expenses against the revenues of the period is called the ________ principle
A) comparison B) accrual C) matching D) revenue recognition
Business