Answer: The Reserve Bank of India keeps all of Advika’s foreign currency for her.
Explanation:
When a country uses exchange controls, it limits the amount of foreign currency that can come into a country. This is usually done to ensure stability in the money market of the country as well as to improve the balance of payments for the country.
One way of implementing exchange control is for all foreign currency to go through the Central bank of the country. Should a citizen need access to foreign currency, they would need to apply to the central bank to access it. With India having an exchange control system, the Reserve Bank of India keeps all foreign currency and Advika would have to apply for it should she need it.
Answer:
Low-priced inventory with high turnover
Explanation:
GOT IT RIGHT IN QUIZ
Answer:
the most spend on research will be $12,000
Explanation:
given data
earn = 2% more
trading costs = 0.5%
stock portfolio = $800,000
solution
we know that here net earnings due to research is expected is
net earnings due to research = 2% - 0.5 % = 1.5 % of stock portfolio
so
spend on research is = 1.5 % of stock portfolio
spend on research is = $800,000 × 1.5%
spend on research is = $12,000
so here when we spend more than $12,000 it end up in a net loss
so the most spend on research will be $12,000
B.............................
