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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.
As an investment advisor, you have been approached by a group of professional investors (probably who already have a well-diversified portfolio). They are considering investing in
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discuss the applicability of an operating cycle of a vegetable growing business
Corrective Action: Once budget figures are compared with those actually achieved, and a variance analysis carried out, management can then take steps to correct any problems id
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