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Explain official reserve assets and its major components.
Answer: Official reserve assets are those financial assets which can be employed as international means of payments. At present, official reserve assets have: (I) gold, (ii) foreign exchanges, (iii) special drawing rights (SDRs), and (iv) reserve positions along with the IMF. Foreign exchanges are by far the most significant official reserves.
How do we calculate the payback period for a proposed capital budgeting project? What are the main criticisms of the payback method? We calculate the reimbursement period for
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Consistency - ACCOUNTING postulate that stipulates, except as otherwise noted in FINANCIAL STATEMENT, same accounting procedures and policies have been followed from period to peri
Six years ago . the singleton company sold a 20 year bond with a 14% annual coupon rate and a 9% call premium. today, singleton called the bonds. the bonds originally were sold at
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what role do core deposits play in predicting the probability distribution of net deposit drains
discuss the applicability of an operating cycle of a vegetable growing business
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