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? Q.2: Explain the exchange rules of Islam and its applications to modern currency exchange, discountingof trade bills/ letters of credit and the concept of currency Salam?Q.3: Discuss the concept of money and modern paper currencies from Islamic point of view. Also discussthe concept of Fuloos and Fiat money and difference of opinion among Shariah scholars on it?

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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?

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter8: Investing Activities

Section: Chapter Questions

Problem 14QE

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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?

Q.2: 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?
Q.3: 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?

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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?
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?
Q2-5 In the monetary approach to the balance of payments (under flexible exchange rates) an increase in the proportion of income that people in country A wish to hold as money would, other things equal, lead to _______ in country A's demand for money and to ______ of A's currency in the foreign exchange markets. a. an increase / a depreciation b. an increase / an appreciation c. a decrease / a depreciation d. a decrease / an appreciation
Q2-15 In a fixed exchange rate regime, the government Select one: a. establishes capital controls. b. establishes exchange rate controls. c. buys and sells currency through the central bank. d. expands the money supply.
Question 4 There are two main functions of foreign exchange market; to convert the currency of one country into the currency of another, and to provide some insurance against foreign exchange risk. a. Define foreign exchange risk and explain the differences between spot exchange rates, forward exchange rates, and currency swap in order to insure against foreign exchange risk.
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. What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used? Provide academic support in your response. Compose a hypothetical example to demonstrate the translation process using the two methods. Ensure all information is entered accurately.
Consider the strategies used by your government, in the country your currently reside and currentmanagement of the exchange rate.Now record, in your journal, your response to the following questions, in 700 words or less: How is the exchange rate policy in your own jurisdiction managed by government? What, in your opinion, are the strengths and weaknesses of your government’s policies? Identify one MNC that may, or may not, benefit from the operation of your nationalexchange rate policy and justify your position.
The question relates to either Chapter 9 ( Foreign Currency Translations and Hedging Foreign Exchange Risk ) or Chapter 10 ( Translation of Foreign Currency Financial Statements ) For Advanced Accounting 13th Edition by Joe B. Hoyle, Thomas F, Schaefer, and Timothy S. Doupnik. Details are included in the image Need all calculations, journal entries, work, etc.
d. Discuss whether Galina Works should avoid exchange rate risk by invoicing foreign customers in dollars. e. Explain to Galina Works how, in respect of foreign sales, discounting and factoring can be used as hedging tools to manage foreign currency risk.
Question- Discuss the evolution of international monetary system with the passage of time. How is Oman managing its exchange rate? In your view which exchange rate regime is beneficial for the countries and why?
For each of the following monetary policy tools:A. The BSP buys securities in the open market.B. The BSP sells foreign exchange currentC. The BSP increases the reserve requirement ratio.D. The BSP applies its moral suasion ability requesting commercial banks to lowerdown interest rates.E. The government decided to deposit funds at the BSP.1. Determine whether the monetary tool imposed by the BSP is an expansionary or acontractionary policy.
Section 2 Consider the information in Unit two material and using your own research on the situation in your own country (or any other Caribbean country of your choice), answer the following questions:a) In your opinion, which two factors affecting exchange rates, has the most impact in your, or your chosen, jurisdiction? b) Does the most important factor influencing exchange rates in your country differ from those that may apply in larger economies?