Why would an MNC use a spot—forward swap?
Fill in the blank with correct word.
Answer: A spot-forward swap involves either the purchase of foreign currency spot against the sale of the same amount of foreign currency forward, or the sale of foreign currency spot against the purchase of the same amount of foreign currency forward.
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Lorenzo is self employed with an S corporation. He is unmarried and had a net profit for the tax year. What are the tax ramifications of his health insurance premiums paid for the year?
A) 50% of his health insurance costs can be deducted from his gross income B) 75% of his health care costs can be paid with pre-tax income C) 100% of his health insurance costs can be deducted from his gross income D) 100% of his health insurance costs can be paid with tax credits
Suppose Jones agreed with Smith that Smith would serve as his agent for business purposes until May 20, 2015. On that day, Smith's actual or apparent authority expired. Jones gave notice to all relevant parties of the termination
This is known as termination of the principal-agent relationship by ________. A) implication B) equity C) operation of law D) lapse of time