The official price of golds in terms of the national currency is known as

A) the convertibility factor.
B) the exchange rate.
C) the mint parity rate.
D) the mint stock rate.

Answer: C

Business

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To meet the needs of full disclosure, companies use supplemental information, including:

a. Parenthetical comments or modifying comments placed on the face of the financial statements. b. Disclosure notes conveying additional insights about company operations, accounting principles, contractual agreements, and pending litigation. c. Supplemental financial statements that report more detailed information than is shown in the primary financial statements. d. All of the above are correct.

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When comparing means from independent samples, one needs to test if the variances of the two samples are equal or not. In order to test for the equivalence of variance, one can do which of the following tests?

a. t-test b. Levene's test c. Paired sample t-test d. Independent sample t-test e. ANOVA

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