35. The risk that is specific to individual stocks is called ______.
A. systematic risk
B. country risk
C. unsystematic risk
D. market risk
36. The main objective of the Exchange Equalization Account is to ______.
A. prevent undue fluctuation in the exchange value of one country's own currency against other currencies
B. control the rate of inflation
C. ensure that notes and coins continue to be acceptable as a medium of exchange
D. permit the exchange of payments between banks
37. How can you prove that no transactions are missing or wrong at the end of the day? ______.
A. There is no other way than have these transactions reposted to the proper entries
B. We can examine all the transactions carefully and find the wrong records
C. We can balance the total debits and the total credits by calculating them again
D. We can do that by checking the total debits and the total credits to see whether they are in state of balance
38. Money _____.
A. serves as the critical function of a medium of exchange
B. facilitates trade in goods and services
C. overcomes the inefficiencies of barter
D. all of the above
39. If dealers buy currency forward but do not sell forward at the same time, their position is known as .
A. short
B. forerunner
C. speculation
D. long
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