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BA1 Exam Dumps : Fundamentals of Business Economics

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Fundamentals of Business Economics Questions and Answers

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Question 1

Which of the following describes a 'spot rate' in foreign currency dealing?

Options:

A.

It is a short term rate that may change in the immediate future

B.

It is the price for a currency that is to be delivered immediately

C.

It is the exchange rate minus any commissions or transactions charges

D.

It is the exchange rate minus the inflation rate

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Question 2

The graph shows house prices in Lingford, a large urban town in a prosperous region.

Which of the following would be the equilibrium price for houses in Lingford?

Options:

A.

£390,000

B.

£400,000

C.

£410,000

Question 3

Which ONE of the following best explains the statement 'In not for profit organizations money is a constraint and not a goal'?

Options:

A.

Money be ignored because reaching the goals of the organization is all that matters

B.

There is no need for the organization to be efficient

C.

There is a trade off between financial and non-financial goals

D.

Money limits how far the organization can achieve its goals

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