An overstatement of ending merchandise inventory in the current period results in an overstatement of cost of goods sold in the current period

Mutual funds that are load funds use sales agents, and thus always have an up-front commission charge.

a. true b. false

Which of the following led to the eventual demise of the fixed currency exchange rate regime worked out at Bretton Woods?

A) widely divergent national monetary and fiscal policies among member nations B) differential rates of inflation across member nations C) several unexpected economic shocks to member nations D) all of the above