Under Section 24 of the Securities Act of 1933, the maximum penalty is imprisonment for:

A) Ten years.
B) One year.
C) Two years.
D) Five years.
E) Twenty years.

D

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Grace Co. had a Chinese yuan payable resulting from imports from China and a Mexican peso receivable resulting from exports to Mexico. Grace recorded foreign exchange losses related to both its yuan payable and peso receivable. Did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?

a. Increase Increase b. Increase Decrease c. Decrease Increase d. Decrease Decrease

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According to Japanese Management, the top priority of production lines is the line balance

a. true b. false

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