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Let’s suppose you (USA dealer) imported a product from German on Dec 1, 2018 at € 300, payable in 60 days. You sold the product in the US market at $400 in cash on Dec 15, 2018. The company's fiscal year ends on Dec 31. You paid to your German supplier on Feb 1, 2019. Below, please find the exchange rate information: Dec 1, 2018: 0.6 €/$. Dec 31, 2018: 1.2 €/$. Feb 1, 2019: 1.5 €/$. What was profit or loss from these transactions (in 2018 and 2019 combined)?
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Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money
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Why do police officers get paid less than professional baseball players?
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Let’s suppose you (USA dealer) imported a product from German on Dec 1, 2018 at € 300, payable in 60...
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