The equilibrium exchange rate of pounds is $1.70 . At an exchange rate of $1.72 per pound, U.S. demand for pounds would ________ the supply of pounds for sale and there would be a _______ of pounds in the foreign exchange market
a. exceed; shortage
b. be less than; shortage
c. exceed; surplus
d. be less than; surplus
e. be equal to; shortage
d
Business
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The concept of law is very broad
Indicate whether the statement is true or false
Business
What is the effect of having a corporation as the general partner of a limited partnership?
A) The limited liability of the corporation will result in the limited partners having greater liability than they would otherwise. B) Each shareholder of the corporation will be treated as a limited partner of the limited partnership. C) The liability of the corporate general partner will be limited to the amount of its assets. D) Each shareholder of the corporation will be treated as a general partner of the limited partnership.
Business