Suppose the spot exchange rate for the Hungarian forint is HUF 204.46. The inflation rate in the United States will be 1.7 percent per year. It will be 4.7 percent in Hungary.

a. What do you predict the exchange rate will be in one year? (Round your answer to 2 decimal places, e. g., 32.16.)

b. What do you predict the exchange rate will be in two years? (Round your answer to 2 decimal places, e. g., 32.16.)

c. What do you predict the exchange rate will be in five years? (Round your answer to 2 decimal places, e. g., 32.16.)

The blank is type of decision-maker who over analyzes information

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c. prepaidrent. onseptember1ofthecurrentyear, thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.