Your firm is a u. k.-based importer of bicycles. you have placed an order with an italian firm for €1,000,000 worth of bicycles. payment (in euro) is due in 12 months. use a money market hedge to redenominate this one-year receivable into a pound-denominated receivable with a one-year maturity. contract size country u. s. $ equiv. currency per u. s. $ £ 10,000 britain (pound) $ 1.9600 £ 0.5102 interest apr 12 months forward $ 2. £ 0.5000 rates € 10,000 euro $ 1.5600 € 0.6410 i$ = 1 % 12 months forward $ 1.6000 € 0.6250 i€ = 2 % sfr. 10,000 swiss franc $ 0.9200 sfr. 1.0870 i£ = 3 % 12 months forward $ 1. sfr. 1. isfr . = 4 % the following were computed without rounding. select the answer closest to yours. a) £780,312.13 b) £72,352.94 c) £803,721.49 d) €800,000

The typical consumer's food basket in the base year 2015 is as follows: 30 chickens at $4 each 10 hams at $5 each 10 steaks at $8 each a chicken feed shortage causes the price of chickens to rise to $5.00 each in the year 2016. hams rise to $7.00 each, and the price of steaks is unchanged. a. calculate the change in the "cost-of-eating" index between 2015 and 2016. year cost of the basket 2015 $ 2016 $ instructions: enter your responses rounded to one decimal place. the official cost-of-eating index has by %. b. suppose that consumers are completely indifferent between two chickens and one ham. for this example, how large is the substitution bias in the official "cost-of-eating" index? the in the cost-of-eating index is %. the of inflation in the cost of eating reflects substitution bias.

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

What is overdraft protection (odp)? a.) a cheap and easy way to always avoid overdrawing a bank account b.) a service to automatically transfer available funds from a linked account to cover purchases, prevent returned checks and declined items when you don’t have enough money in your checking account at the time of the transaction. c.) an insurance policy sold by banks to prevent others from withdrawing your money d.) a service provided by the government that insures individuals bank deposits up to $250,000