Which of the following is not a risk exposure in a PC accounting system?
a. reliance on paper documentation is increased
b. functions that are segregated in a manual environment may be combined in a microcomputer accounting system
c. backup procedures require human intervention
d. data are easily accessible
A
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Pacific Motors Inc. plans to issue $3,000,000 of commercial paper with a 6-month maturity at 98% of par value. What is the 6-month interest rate?
A) 2.00% B) 4.00% C) 2.04% D) 4.08%
The Bretton Woods agreement set up the ________, which currently provides long-term loans to assist developing countries to build dams, roads, and other physical capital that contributes to economic development
A) International Monetary Fund B) World Bank C) Central Settlements Bank D) Bank of International Settlements E) European Exchange Rate Mechanism (ERM)