Assets and stockholders equity decreases when merchandise returned by the customers is recorded.
When merchandise is returned by the customer, the sales returns and allowances account is debited to reduce sales, and accounts receivable or cash is credited to refund cash or reduce what is owed by the customer. This leads to the decrease in assets and stockholders equity in a retail store.
A second entry must also be made debiting inventory to put the returned items back. In this entry, we debit the cash account and the credit accounts receivable account.
Hence, this effects on a retail stores accounting equation.
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A food worker slices watermelons for a buffet. What is the maximum amount of time that he may wear the same pair of single-use gloves as long as they are intact?
The maximum amount of time that he may wear the same pair of single-use gloves as long as they are intact is: 4 hours.
Maximum amount of time to wear the same pair of single-use glovesIf a food worker is carrying out the same activities it is of necessity to replace the gloves every four hours so as to prevent pathogens from growing on the gloves which can be harmful to the health.
Based on this whenever food worker gloves become infected , the gloves they must be changed.
Example of pathogens are:
VirusesBacteria'sFungi ParasitesTherefore the maximum amount of time that he may wear the same pair of single-use gloves as long as they are intact is: 4 hours.
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A desirable, exclusive, and believable advertising appeal selected as the theme for a campaign is called?
A desirable, exclusive, and believable advertising appeal selected as the theme for a campaign is called unique selling proposition.
The one thing that sets your company apart from the competitors is known as a unique selling proposition, or USP. When compared to other companies in your market, it is a specific feature that distinguishes your company.
Establishing an opinionated and deliberate USP influences message, branding, copywriting, and other marketing decisions while helping to focus your marketing plan. At its core, a USP should succinctly respond to a prospective customer's most pressing inquiry when they come across your brand:
“What makes you different from the competition?”
Your USP should be built on what makes your brand or product especially useful to your target market and play to your strengths. Being "unique" in and of itself is rarely a powerful USP. Your messaging won't be nearly as powerful if you don't differentiate around a factor that matters to your target audience.
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Align Technology uses a ________ approach to produce clear plastic removable aligners. repetitive focus process focus product focus mass customization crossover
Align Technology uses a mass customization approach to produce clear plastic removable aligners. repetitive focus process focus product focus mass customization crossover.
A company's process strategy is an approach to transforming resources into goods and services. Intermittent processes are organized around processes. Device utilization is lower in process-oriented facilities. A typical full-service restaurant uses a product-centric process.
Process Design and plastic removable Analysis is a module that examines networks of unit operations and unit processes and attempts to fully understand them in terms of material and energy flows. That is, it should be possible to calculate the total amount of all chemicals present in each part of the chemical process.
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The agent’s responsibility to understand the local real estate market, know the client’s specific needs and assist the client in evaluating the terms of an agreement is the duty of:_______
The agent’s responsibility to understand the local real estate market, know the client’s specific needs and assist the client in evaluating the terms of an agreement is the duty of transaction.
A real estate agent allows his or her clients to buy, hire, or promote houses. They advise clients approximately marketplace situations, conduct walkthroughs, and provide steering and help through the manner of buying, promoting, or leasing properties.
You may quickly recognize whether or not you are in a client's or supplier's market, what buyers are looking for, how list prices evaluate to promoting prices, and so forth. Having all of these facts can help you make decisions that maximize your margins through the sale.
Inside the agency courting, the Agent owes a fiduciary obligation to the foremost, which compels the Agent to behave handiest within the pleasant interests of the most important. The fiduciary obligation prevents the Agent from acting in a way that conflicts with the interests of the main.
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A(n) __________ is a larger work segment comprised of several tasks that are performed by individuals.
A duty is a larger work segment comprised of several tasks that are performed by individuals.
A duty is a major subdivision of work which is performed by any one individual.
It includes similar tasks that make up one area of responsibility.
Duties consist of different tasks whereas different duties make up a single job for any individual.
Most of the jobs have four to eight duties.
For instance diffrent duities related to management services officer are:
Budgetary analysis
Budget control
Contract and grant administration
Supervision of personnel resources
Material management
Space utilization
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The market risk premium is the additional return that investors require to invest in blank______ rather than blank______.
The market risk premium is the additional return that investors require to invest in the market portfolio rather than treasury bills.
What is a market risk premium?The market risk premium (MRP) is the difference between a market portfolio's projected return and the risk-free rate. The slope of the security market line (SML), a graphical representation of the capital asset pricing model, equals the market risk premium (CAPM).The market risk premium is the extra return required by investors to invest in a market portfolio rather than treasury bills.The distinction between a market-risk premium and an equity-risk premium is based on scope. The market risk premium is the excess return on an index or portfolio of investments over the risk-free rate.Therefore, the market risk premium is the additional return that investors require to invest in the market portfolio rather than treasury bills.
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You want to buy 1,000 canadian dollars. bank c's quotes for usd/cad are 0.92 (bid) and 0.95 (ask). how much us dollars you should pay?
You should pay $1,086.96 in US dollars.
USD/CAD Currency PairUSD/CAD is the abbreviation for the U.S. dollar versus the Canadian dollar currency pair. The quotation given for the USD/CAD currency pair suggests to the reader how many Canadian dollars are needed to purchase one U.S. dollar.
Trading the USD/CAD currency pair is also learned as trading the "loonie," which is the word for the Canadian one dollar coin, which shows its namesake bird. The USD/CAD is also one of the most fluid and actively sold pairs in the forex market.
Although the USD/CAD currency pair has achieved parity at different points in history (i.e. 1:1), the U.S. dollar has traditionally been the more powerful of the two currencies. The USD/CAD currency pair is actively traded as there are significant relations ties between the two countries.
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True or false? the patient should be given a receipt for payments on account even if the account is not paid in full.
The statement is True.
What does receipt mean?Receipts are formal records that serve as evidence of a transaction or purchase involving money. Both stock market transactions and business-to-business exchanges issue receipts. As evidence of some expenses, receipts are also required for tax purposes.A payment receipt, also known as a receipt for payment, is a record that serves as evidence of purchase. It is supplied by a company to its clients following the receipt of payment for any good or service.The patient's receipt can assist you to understand this. You have a right to the patient's receipt under the law. This implies that if you request it, your doctor is required to give it to you. Its contents must be clearly explained and understandable to laypeople.The patient should be given a receipt for payments on account even if the account is not paid in full.
The statement is True.
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In a(n)____, one company, or even a small group of cooperating companies has control of the supply of a product or service.
In acquisition, one company, or even a small group of cooperating companies has control of the supply of a product or service.
The term mergers and acquisitions (M&A) refers to business transactions where the ownership of corporations, other businesses, or their operating units is transferred or combined with another entity.
M&A can help businesses expand or contract, change the character of their operations, or improve their competitive position as a component of strategic management.
Legally speaking, an acquisition is when one entity buys the stock, equity interests, or assets of another business. A merger, on the other hand, is the legal fusion of two entities into one.
From a business and economic perspective, these kinds of transactions typically lead to the consolidation of assets and liabilities into a single organization.
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Barrier islands make __________ sites for real estate development because __________. Group of answer choices good; they are made of rock and are quite stable good; they provide excellent scenery poor; they are unstable and often mobile poor; they can be overrun by storm surges poor; they are unstable and often mobile; poor; they can be overrun by storm surges
Barrier islands make poor sites for real estate development because they can be overrun by storms. Barrier islands are exceptionally flat or lumpy coastal landforms and a type of dune system. areas of sand that form parallel to the mainland coast due to wave and tidal action.
Barrier islands are usually found in groups of several islands, ranging from a few to more than a dozen. They change with storms and other action, but they absorb energy, protect coastlines, and create areas of protected waters where wetlands can thrive. Barrier islands can stretch for more than a hundred kilometers.
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The _____ is a major source of citizen entitlements for the indigent, unemployed, aged, persons with disabilities, and children and families.
The "Social Security Act of 1935" is a major source of citizen entitlements for the indigent, unemployed, aged, persons with disabilities, and children and families.
What is Social Security Act of 1935?A permanent national aged pension system was established by the Social Security Act (August 14, 1935), the first piece of U.S. legislation; later, the system's benefits were expanded to cover dependents, the disabled, as well as other groups.
Some characteristics of Social Security Act of 1935 are-
Francis E. Townsend's campaign for a $200 pension for everyone over 60 years old was supported by five million senior citizens who established nationwide Townsend clubs in the early 1930s in response to the Great Depression's economic effects. A committee on financial stability was established by President Franklin D. Roosevelt in 1934 to study the issue. After studying the committee's recommendations, Congress passed the Social Security Act in 1935, which established old-age benefits that would be paid for by a payroll tax on both employers and employees.The Social Security Act has indeed been modified on occasion, attempting to keep up with inflation by raising taxes, increasing the number of workers enrolled, and extending the types of coverage available.To know more about Social Security Act of 1935, here
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4. nancy billows bought a $7,000 desk at furniture.com. based on her income, nancy could only afford to pay back $700 per month. the charge on the unpaid balance is 3%. the u.s. rule is used in the calculation. calculate the balance outstanding at the end of month 2.
The computation of the balance outstanding at the end of the month 2 is shown below:
Month Due balance Interest Monthly Balance Outstanding
payment Reduction Balance
1 $7,000 $210 $700 $490 $6,510
($7,000 × 3%) ($700 - $210) ($7,000 - $490)
2 $6,510 $195.30 $700 $504.70 $6,005.30
($6,510 × 3%) ($700 - $195.30) ($6,510 - $504.70)
Outstanding balance definition :
An outstanding balance is the amount you owe on any debt that charges interest, like a credit card. Most often, it refers to the amount you owe from purchases and other transactions made with your credit card. It's also called your current balance.
Your outstanding balance is what you currently owe on your card and can include:
PurchasesCash advancesBalance transfersInterest chargesFeesCard issuers assign specific credit limits (spending limits) on your cards. Your outstanding balance helps determine how much much credit (money left to spend) you have available. To find out how much you have left, simply subtract your outstanding balance from your credit limit. Don't forget to include any charges that haven't shown up on your credit card account yet.
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Tax breaks, loans, and guaranteed high prices are examples of what type of protectionism?
Tax breaks, loans, and guaranteed high prices are examples of subsidies protectionism.
What is Protectionism?
Protectionism refers to government policies that help to boost domestic industries while restricting international trade. The objective of protectionist policies is usually to improve the economic conditions within a domestic economy. The protectionist policies can also be implemented for improving the quality of products or safety concerns. There are different protectionist policies and tools that a government can use to implement and improve economic activity such as tariffs, product standards, import quotas, and subsidies.
Therefore, tax breaks, guaranteed high prices, and loans are examples of subsidies protectionism.
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An accountant who works for a single business or government agency is referred to as a?
An accountant who works for a single business or government agency is referred to as a private accountant.
A private accountant works for the benefit and gain of a specific business or government agency. Private accountants work is to review their client's internal business documents and work with financial managers in order to plan budgets and evaluate fiscal performance.
Private accountants are also called internal accountants, as they work for a single company. In a company, their work is to prepare and analyze reports for an internal manager.
Hence, a private accountants work is then analyzed and reviewed by a public accounting firm.
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Which economic model reveals the variety of options for what to do with your scarce time? supply curve demand curve income distribution curve production possibilities curve
Production possibilities curve the economic model reveals the variety of options for what to do with your scarce time
This is further explained below.
What is the economic model?Generally, Economists use economic models to make predictions about economic behavior, which can then be verified against actual data. Because there are no objective metrics of economic results, an economic model must be subjective in construction.
In conclusion, The economic model's production possibilities curve demonstrates how many ways you can spend your limited time.
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Answer:
production possibilities curve
Explanation:
I got it right on my test!
A good's market price collapses all relevant information about its uses into one number.
a. true
b. false
The statement, a good's market price collapses all relevant information about its uses into one number, is true.
Market price is dependent on the interaction between the demand and supply components of a market. Demand and supply represent the willingness of consumers and producers to engage in buying and selling in market. Thus, a goods market price collapses all relevant information.
The price at which the quantity supplied equals quantity demanded is called the market price. As the price falls, the quantity demanded increases since consumers are now willing to buy more of the product at the lower price.
Hence, option A is correct.
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If the units produced exceed unit sales, which method would you expect to show the higher net operating income, variable costing or absorption costing? why?
Absorption costing is expected to show higher net operating income.
Why does this happen ?As, absorption costing often displays larger net operating income than variable costing if output surpasses sales. Inventory levels rise when output outpaces sales, and a portion of the fixed manufacturing overhead cost for the current period is delayed in inventory to the following month due to under-absorption. In contrast, variable costing automatically deducts all of the current period's fixed production overhead costs.
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Any factor that leads businesses to collectively expect lower rates of return on their investments?
If there is a factor that leads to businesses collectively lowering rates of return on investments, this reduces investment demand.
What happens when investment yield falls?A fall in investment yield refers to when companies lower earnings expectations from investments.
This could be as a result of any number of factors such as political laws changing, the economy facing a downturn, or technological factors that lead to lower production.
The result of this would be that companies in general would try to avoid more investments as these would require more money from them, while bringing in less money in return.
As we know, the goal of a company is to make more returns for its owners so if investments are collectively expected to bring in lower rates of returns, businesses would simply demand less of those investments.
In conclusion, collectively lower rates on investments leads to lower investment demand.
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What does it mean to say that a currency appreciates? depreciates? becomes stronger? becomes weaker?
When a currency appreciates, it means it increased in value relative to another currency; Depreciates means depreciation or depreciation relative to other currencies. It is often said that the dollar is strong when it is bought by equal or greater value in another currency. If the purchase amount is less than the equivalent, it is weak.
An example of a currency would be the US banknotes you have on hand. It is one of the coins issued by the United States, along with pennies, nickels and quarters. Currencies are also banknotes and coins issued by governments of other countries around the world.
Currency is anything of general value as a medium of exchange that can be exchanged for goods and services. The trading system within an economy is based on a currency, usually country-specific and issued by that country's government.
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The more ________ used, the greater the leverage a company employs on behalf of its owners.
The more "DEBT" used, the greater the leverage a company employs on behalf of its owners.
What is DEBT?A debt is something that one party borrows from another, typically money. Many businesses and people utilize debt to finance significant expenditures that they would not normally be able to afford.
Some characteristics of DEBT are-
An agreement to borrow money with the need that it be repaid at a later time, typically with interest, is known as a debt arrangement.Debt is money that one party borrows from another.Many businesses and individuals utilize debt as a means of financing significant purchases that they would otherwise not be able to make.In a financial agreement based on debt, the borrowing party is granted permission to borrow funds subject to the need that they be repaid at a later time, typically with interest.The four primary forms of debt are secured, unsecured, revolving, and mortgaged.Bonds are a type of debt that businesses issue to raise money.To know more about debts, here
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_____ refers to the steps taken by governments to limit the convertibility of one currency (usually its own) into others, usually in an effort to limit imports.
Currency Control refers to the steps taken by governments to limit the convertibility of one currency (usually it's own) into others, usually in an effort to limit imports.
Exchange Control, Exchange Control, or Exchange Control refers to restrictions applied by some governments to prohibit or restrict the purchase and sale of foreign currency by residents and/or the purchase and sale of local currency by non-residents.
Exchange controls are primarily introduced by governments concerned that free convertibility may lead to unwanted currency appreciation or fluctuations, also known as the purpose of "trade competition and macroprudential". Exchange controls often pose serious challenges to international business by interfering with cash transactions and making financial instruments more difficult to use.
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What is the effect on net income for the current year if a company fails to record a purchase of materials in transit (fob shipping point) but includes the materials in physical inventory at year-end?
Net income is overstated.
The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
Net income, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period.
Your gross income less any deductions made by your company or the government from your paycheck is your net income. Take-home pay is another term for net income. Your company will subtract federal, state, local, Social Security, and Medicare taxes while processing your paycheck.
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Ge's recall of 3. 1 million dishwashers cost the company more in repairs than the value of the actual dishwashers. This is an example of which quality principle?
Ge's recall of 3. 1 million dishwashers cost the company more in repairs than the value of the actual dishwashers. This is an example of the quality principle where the cost of poor quality is underestimated.
As the dishwashers are of poor quality, the cost of the company is going more in repairs than the value of the actual dishwashers. Thus, the cost of poor quality is defined as the costs associated with providing poor quality products or services.
Such inferior quality products or services can lead to dissatisfaction among the customers, resulting in lost revenue and decreased customer loyalty.
Hence, this is an example of the quality principle where the cost of poor quality is underestimated.
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The Levi Company issued $200,000 of 12% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on June 30 and December 31. The bonds are dated January 1, and mature in five years, on January 1. The total interest expense related to these bonds for the current year ending on December 31 is
24000, The total interest expense related to these bonds for the current year ending on December 31 is 24000 (12% of 200000)
More about bond interest expense:
Bond interest expense is the total amount of interest paid on the payable bonds of an organization during a reporting period. This cost includes the amortization of any premium or discount on bonds that were issued for the reporting period and based on the cost at which investors purchased them.
It should be rather simple to figure out the interest expense on a payable bond, but then the accountants got involved. Generally Accepted Accounting Principles, or GAAP, make what would normally be a straightforward multiplication problem a little bit more challenging.
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Apple's use of the professional r&d laboratory ideo to create the first computer mouse is an example of______ innovation.
Apple's use of the professional r&d laboratory idea to create the first computer mouse is an example of product innovation.
There are four types of products: consumer goods, general-purpose goods, specialty goods, and non-demand goods, based on consumer preferences, prices, and product characteristics. Let's take a closer look at each.
His strategy is to create interest in a particular product or brand without directly promoting the brand. He also increases brand awareness and provides valuable information to customers. Example: A dog shampoo company regularly posts blogs to offer its customer's dog grooming tips. Related:
A service is an intangible activity or benefit provided by an organization to meet consumer needs in exchange for money or other value, such as product innovation.
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Funding from politically active nonprofits whose donors and amounts contributed do not have to be made public is called:_______
A secretive funding refers to those funding from politically active nonprofits whose donors and amounts contributed do not have to be made public.
What is a secretive funding?This refers to the process of the hidden method used by a political party to raise money for its campaigns and routine activities.
The secretive funding of the political parties is also an aspect of its campaign finance.
Hence, the secretive funding refers to those funding from politically active nonprofits whose donors and amounts contributed do not have to be made public.
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When interest rates in the market rise, we can expect the price of bonds to ____
When interest rates in the market rise, we can expect the price of bonds to Decrease
What Is an Interest Rate?
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).
An interest rate can also apply to the amount earned at a bank or credit union from a savings account or certificate of deposit (CD). Annual percentage yield (APY) refers to the interest earned on these deposit accounts.
Bonds have an inverse relationship to interest rates. When the cost of borrowing money rises (when interest rates rise), bond prices usually fall, and vice-versa.
At first glance, the negative correlation between interest rates and bond prices seems somewhat illogical.
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What is available to maintenance technicians to reduce the complexities of maintenance tracking?
"Preventive maintenance" is available to maintenance technicians to reduce the complexities of maintenance tracking.
What is preventive maintenance?Regular preventative maintenance guarantees the smooth operation of your facility and gives you piece of mind.
Here are some advantages of preventive maintenance;
Extend the life of the asset: Possibly the most significant advantage of preventive maintenance is increased asset longevity. Maintaining your equipment will enable it to run longer and cost less.lower danger of failures: Preventive maintenance also has the important benefit of lowering the risk of breakdowns. In actuality, a decreased chance of breakdown is the primary cause of the majority of the advantages stated here.Boost performance: Equipment that receives regular preventative maintenance not only lasts longer, but also operates more effectively. Overall Equipment Effectiveness, or OEE, is a popular KPI for maintenance management that gauges productivity.Reduce unscheduled downtime: Machine downtime is unavoidable when maintenance is being done, whether you elect to use reactive or preventive maintenance. However, by planning maintenance ahead of time with a preventative maintenance strategy, downtime can be considerably decreased.To know more about preventive maintenance, here
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How much would you expect to pay for a $10,000 stripped treasury bond quoted at 101:16?
It is $10,262.50.
5/8 of a bond point ($10) =.625 $10 = $6.25; par ($1,000) 102% = $1,020. As a result, the quote reading 102-5/8 equals $1,026.25 ($1,020 plus $6.25) per bond.
Assuming the buyer is buying 10 bonds, we multiply $1,026.25 by 10 bonds to get the total price the consumer will have to pay, which comes out to $10,262.50.
Treasury bonds (sometimes known as T-bonds) are U.S. Federal Government debt securities with maturities longer than 20 years. T-bonds accrue interest on a periodic basis until maturity, at which time the owner is additionally compensated with the principle amount.
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In a small open economy with a floating exchange rate, an expansionary fiscal policy?
In a small open economy with a floating exchange rate, the trade rate will upward push, but income will remain unchanged.
Below a floating exchange fee the upward thrust in interest quotes will cause an growth within the price of the foreign money. The growth inside the fee of the home foreign money will reduce net exports, worsening the consequences of crowding out. therefore monetary policy is less powerful with floating trade rates.
While the authorities takes an expansionary financial method, this will increase interest quotes because the authorities has to promote bonds to raise the money it wants to spend; in flip, this attracts overseas capital and the demand for dollars, and ultimately increases the exchange charge.
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The trade rate will upward push, but income will remain unchanged.
When the government takes an expansionary financial method, this will increase hobby charges because the authorities has to sell bonds to elevate the money it desires to spend; in flip, this attracts foreign capital and the call for for greenbacks, and ultimately increases the trade fee. Beneath a floating exchange price the upward push in interest .
Charges will lead to an increase in the value of the foreign money. The growth within the value of the home foreign money will lessen internet exports, worsening the results of crowding out. as a consequence fiscal policy is less effective with floating change rates.
Trade refers to the voluntary exchange of goods or services between economic actors. Since transactions are consensual, trade is generally considered to benefit both parties. In finance, trading refers to the purchase and sale of securities or other assets.
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