A United States based company that has not hedged an exposed asset position would experience an exchange gain if

a. forward rates increased.
b. forward rates decreased.
c. spot rates increased

Lane promised to lend Turner $240,000 if Turner obtained sureties to secure the loan. Turner agreed with Rivers, Clark, and Zane for them to act as co-sureties on the loan from Lane. The agreement between Turner and the co-sureties provided that compensation be paid to each of the co-sureties. It further indicated that the maximum liability of each co-surety would be as follows: Rivers, $240,000, Clark, $80,000; and Zane, $160,000. Lane accepted the commitments of the sureties and made the loan to Turner. After paying 10 installments totaling $100,000, Turner defaulted. Clark's debts, including the surety obligation to Lane on the Turner loan, were discharged in bankruptcy. Later, Rivers properly paid the entire outstanding debt of $140,000. What amount may Rivers recover from Zane?

A. $0 B. $56,000 C. $70,000 D. $84,000

The markets for laundry detergents, soft drinks, and automobiles all are dominated by just a few sellers. Economists would classify these markets as examples of:

A. monopolistic competition. B. perfect competition. C. an oligopoly. D. a monopoly.