Accounting: -7.3 When does the stable monetary unit assumption face its greatest challenge? 1) During normal economic growth 2) During periods of hyperinflation 3) When exchange rates are stable 4) During periods of deflation
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Accounting -7.3
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- Choose the correct Option1. The valuation of an MNC should fall when an event causes the expected cash outflow from foreign currencies to and when home currencies denominating these cash flows are expected to a. decrease; appreciate b. increase; appreciate C. decrease; depreciate d. e. increase; depreciate No AnswerThe principal of the time value of money is probably the single most important concept in financial management. One of the most frequently encountered applications involves the calculation of a future value. The process for converting present values into future values is called four time-value-of-money variables. Which of the following is not one of these variables? O The present value (PV) of the amount invested O The inflation rate indicating the change in average prices O The duration of the investment (N) O The interest rate (I) that could be earned by invested funds This process requires knowledge of the values of three of All other things being equal, the numerical difference between a present and a future value corresponds to the amount of interest earned during the deposit or investment period. Each line on the following graph corresponds to an interest rate: 0%, 8%, or 16%. Identify the interest rate that corresponds with each line.
- Economic exposure represents the impact of exchange rate fluctuations on a firm’s future cash flows. Group of answer choices True FalseWhich of the following basic accounting assumptions is threatened by the existence of severe inflation in the economy? Monetary unit assumption. Periodicity assumption. Going-concern assumption. Economic entity assumption.Choose the correct answer 1.) Which of the following is/are the possible effects of introducing fresh currency?[S1] Increase in money supply with the public [S2] The rise in the nominal income of public [S3] The fall in the general price level A.) Statement 1 only. B.) Statements 1 and 2 only. C.) Statement 2 only. D.) Statements 1, 2, and 3. 2.) If the quantity of money demanded exceeds the quantity of money supplied, then the interest rate will A.) fall B.) remain constant C.) rise D.) change in an uncertain direction 3.) [Case 1] Mortgagor A earns P50,000 a month while Mortgagor B earns P80,000 per month. [Case 2] Mortgagor C is willing to make a down payment of P3,000,000 while Mortgagor D will make a down payment of P5,000,000. Assuming everything else is held constant, who will have a better credit rating A.) A and C B.) A and D C.) B and C D.) B and D
- 3. Consider the monetary neutrality. Suppose that the central bank changed the money supply. According to economists’ assumption on monetary neutrality, could the change affect the employment in the short-run? How about in the long-run? Short-run: Long-run:3. Future value The principal of the time value of money is probably the single most important concept in financial management. One of the most frequently encountered applications involves the calculation of a future value. The process for converting present values into future values is called four time-value-of-money variables. Which of the following is not one of these variables? The trend between the present and future values of an investment The duration of the deposit (N) The interest rate (t) that could be earned by deposited funds The present value (PV) of the amount deposited This process requires knowledge of the values of three of 4What is the basic accounting problem created by the monetary unit assumption when there is significant inflation? What appears to be the IASB position on a stable monetary unit?
- Q (B) Which of the following statements about central bank objectives are true? A. Central banks can have several objectives, but their actions need to provide a “nominal anchor” for the economy B. All statements are true C. A strict inflation target is a way to provide a “nominal anchor” for the economy D. In principle, one of the goals of a central bank could be to slow down climate changeQ1-20 Covered interest parity (CIP) refers to the situation in which: a. interest rates are the same in both currencies. b. spot and forward rates are the same in both currencies. c. the forward rate between the two currencies is equal to the ratio of their returns times the spot rate between the two currencies. d. there is an opportunity for arbitrage whenever prices are sluggish and sticky.According to PFRS 7, it is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to the individual financial instrument or its issuer, or factors affecting all similar financial instruments traded in the market. Interest rate risk Currency risk Credit risk Other price risk
