SECTION A Differentiate between Islamic and conventional money market.? Discuss about import and local purchase in term of Islamic Accepted Bill (IAB)? Explain the practice of Islamic ETFS in Malaysia?
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- explain exchange rule of islam and its application to modern currency exchange,discounting of trade bills/letters of credit and concept of currency islam?Question 1 : Explain the exchange rules of Islam and its applications to modern currency exchange, discounting of trade bills/ letters of credit and the concept of currency Salam? Question 2 : Discuss the concept of money and modern paper currencies from Islamic point of view. Also discuss the concept of Fuloos and Fiat money and difference of opinion among Shariah scholars on it?What is a Letter of Credit? Please discuss how a Letter of Credit work. Why is Letter of Credit often used in international trade financing? What are some of its advantages compared to other forms of payment? Disadvantages?
- 2. How fixed exchange rate system of UAE is managed? Show this for both surplus and deficit balance of payment conditions using appropriate diagram.The factors used to convert from one country's currency to another country's currency is called Select one: a. Strike price b. Exchange rate c. Cost of capital d. Price translation Next pa Previous pageWhich one of the following is financial instrument is used by the exporter and importer to fulfill their short term financial requirement? O a. Treasury Bills O b. Bankers' acceptances C. Certificate of Deposits O d. Commercial Papers
- The Oman customer paid cash to Unites States of America is suitable to Select one : a Foreign investment b . Foreign currency translation c . Inflation accounting d Fluctuation riskA). Why do we need to translate the financial statement of foreign operations? B). Explain the concepts of local currency, functional currency and presentation, orrency with example. K C). How is the profit or loss from translating foreign operations' financial statements from local currency to functional currency treated? D) How are the profit and loss from translating foreign ope ions' financial statements from functional currency to presentation currency treated?What are the consequences of accounting for foreign currency translation on financial statement analysis?
- Make a write ups about PhilPaSS - Philippine Payments and Settlements System.Summarize the impact of foreign exchange rates on the company’s financial statements. What risks do foreign exchange rates pose? Provide academically supported example(s) in your response.Question Which of the following would contribute to a positive trade balance for a country? Answer a. Having tourists visit the country b. Importing textiles c. Having foreign residents buy the government bonds of the country d. Importing financial services