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Listed Below Are Several Terms and Statements with Missing Expressions

Question 61

Essay

Listed below are several terms and statements with missing expressions. You are to fill in the blanks with the appropriate term
 Multiply/Dive  Fareipn trade zones  Hedging  Market economies  Int’l Accounting Standards Board  Planned economies  Strong  Weak Exchanging  Translating \begin{array} { l l l } \text { Multiply/Dive } & \text { Fareipn trade zones } & \text { Hedging } \\\text { Market economies } & \text { Int'l Accounting Standards Board } & \\\text { Planned economies } & \text { Strong } & \\\text { Weak Exchanging } & & \text { Translating }\end{array} (1) To convert a foreign currency to an equivalent dollar amount _________ the foreign currency by the foreign exchange rate.
(2) To convert a dollar amount into an equivalent amount of foreign currency ___________ the dollar amount by the exchange rate.
(3) Goods imported into __________ are duty free.
(4) ___________ minimizes or eliminates the risk of loss associated with foreign currency fluctuations.
(5) In a __________ ownership of land and the means of production are privately held.
(6) In a __________ the government allocates resources and determines output among various segments of the economy.
(7) The process of restating an amount of foreign currency in terms of the equivalent number of dollars is called ________ the foreign currency.
(8) A currency is described as ___________ when its exchange rate is rising relative to other currencies.
(9) A currency is described as __________ when its exchange rate is falling in relation to other currencies.

Correct Answer:

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(1) Multiply
(2) Divide
(3) Fo...

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