单项选择题

_________ is the rate at which one currency is converted into another.

A.Exchange
B.Inflation
C.Profit
D.Interest
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单项选择题
Processes are the__________ in which decisions are made and work is performed within any organization.
A.mechanism
B.rule
C.manner
D.order
单项选择题
Hedging refers to the process of insuring one’s business against__________ by using forward exchanges or currency swaps.
A.speculation
B.deflation
C.inflation
D.foreign
单项选择题
Gold Par Value is the amount of currency needed to purchase one _________.
A.ounce
B.ounce
C.gram
D.gram
单项选择题
Efficient market is a market which has no_________ to the free flow of goods and services, such as trade barriers, and prices reflect all available public information.
A.access
B.impediments
C.difficulties
D.targets
单项选择题
Economies of scale refer to cost advantages associated with________ production.
A.large-scale
B.mid-scale
C.long-term
D.small-scale
单项选择题
Greenfield investment is to establish a_______ in a foreign country.
A.existent
B.new
C.new
D.new
单项选择题
Ad valorem tariff refers to a tariff levied as a_________ of the value of an imported good.
A.revaluation
B.proportion
C.reduction
D.exemption
单项选择题
Current account records transactions involving the export or import of _________.
A.goods
B.capital
C.goods
D.services
单项选择题
Mercantilism is an economic philosophy advocating that countries should simultaneously __________ exports and _________ imports.
A.encourage,
B.discourage,
C.discourage,
D.encourage,
单项选择题
The globalization of production refers to the sourcing of goods and services from locations around the globe to take advantage of _____________in the cost and quality of factors of production.
A.national
B.regional
C.global
D.international
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