AP Economics -- Exchange Rates Quiz -- Do Not Write On This Booklet!!! 1. U.S. export transactions create: A) a U.S. demand for foreign monies and the satisfaction of this demand decreases the supplies of dollars held by foreign banks. B) a U.S. demand for foreign monies and the satisfaction of this demand increases the supplies of dollars held by foreign banks. C) a foreign demand for dollars and the satisfaction of this demand decreases the supplies of foreign monies held by U.S. banks. D) a foreign
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FOREIGN EXCHANGE MANAGEMENT ACT‚ 1999 - Economic Liberalization - FERA 1973 was reviewed in 1993 - Task Force set up - Submitted Report in 1994 - Resulted in FEMA - Changes in Economy 1) Substantial increase in Foreign Exchange Reserves 2) Growth in Foreign trade 3) Rationalization of Tariffs 4) Current Account convertibility 5) Liberalization of Indian investments abroad 6) Increased access to external commercial borrowings 7) Participation of Financial Institutional Investors
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HBS case – Salem Telephone Company Opening In 2000 the Public Service Commission (PSC) was informed by the president of Salem Telephone Company (STC) that a profitable computer service subsidiary would reduce pressure for increases to telephone rates. With approval from the Public Service Commission‚ STC‚ a regulated public utility‚ established Salem Data Services (SDS) in 2001‚ an unregulated public utility to perform data processing for the telephone company and additionally to sell computer
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Foreign Exchange Hedging Strategies at General Motors: Transactional and Translational Exposures Prepared By: Danial Wahaj Khan EXECUTIVE SUMMARY: This report is based on a practical scenario solution of General motors. The report addresses the problem given in scenario which is the change in policy of hedging with detailed reasoning. The report then looks at the different available hedging instruments to the firm. Profitability of both instruments has been compared and lowest cost option was
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Case Study Prestige Telephone Co. CLASSIFICATION OF COSTS Jan Fixed costs: Space rent Custodial services Computer leases Maintenance Depreciation Power Wages: Operations Systems development Admnistration Sales Sales promotions Total fixed costs I Corporate services Total fixed costs II Variable cost per hour: Power Wages operations Materials Variable unit cost per hour 8.000 1.240 95.000 5.400 26.180 Feb 8.000 1.240 95.000 5.400 26.180 Mar 8.000 1.240 95.000 5.400 26.180 Average 8.000 1.240
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Capital Account Liberalization and the Exchange Rate Regimes Corresponding author: Associate Prof. Dr. Sule L. Aker Faculty of Business and Economics Eastern Mediterranean University Gazi Magusa‚ Mersin 10‚ Turkey sule.aker@emu.edu.tr tel: 00903926301260 fax: 00903923651017 Co-author: Assoc. Prof. Dr. Ahmet H. Aker Cyprus International University Nicosia‚ Mersin 10‚ Turkey Abstract In this study‚ the relationship
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Salem Telephone Company 1. With respect to the revenue hours the expenses‚ power and operations: hourly personnel are the variable expenses. Rent‚ custodial services‚ Computer leases‚ Maintenance‚ Depreciation‚ Salaried staff‚ administration‚ sales‚ sales promotions‚ corporate services and systems development and maintenance expenses can be treated as fixed costs. 2. Costs per revenue hours for the Variable expenses power and operations hourly personnel are as follows Expenses | Jan
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Exchange Rate Policy in Bangladesh: A Review of Key Concepts and Issues ----------------------------------------------------- In an open and deregulated economic environment‚ exchange rates can play an important role in macroeconomic management for stability and growth. The increasing role of exchange rates since the early 1970s has indeed been a break from the Bretton Woods tradition of the 1950s and 1960s that assigned a limited role for exchange rates in economic affairs. However‚ the banking
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major contributor in Nigerian foreign exchange earnings‚ experienced a declining trend after economic reforms programmes (SAP). One of the most important ingredients of reforms programmes which have generated a lot of inconclusive controversies is the movement to flexible exchange rate which first occurred in the developed countries in 1973‚ and much later in the developing countries. The controversy especially for the developing countries is whether flexible exchange rate is actually as beneficial as
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Scenario: As production manager for Thompson Manufacturing‚ Sheila Stephens has the final authority to approve the hiring of any new supervisors who work for her. The human resource manager performs the initial screening of all prospective supervisors and then sends the most likely candidates to Sheila for interviews. One day recently‚ Sheila received a call from Pete Peterson‚ the human resource manager: “Sheila‚ I’ve just spoken to a young man who may be just who you’re looking for to fill
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