Which of the following best explains what happens when a currency is pegged to the u. s. dollar? a. the u. s. treasury gets to determine the exchange rate between u. s. dollars and the pegged currency. b. the pegged currency can be used interchangeably with u. s. dollars to purchase goods and services. c. the value of the pegged currency goes up and down depending on the exchange rate of the u. s. dollar. d. the exchange rate for the pegged currency is exactly the same as the exchange rate of the u. s. dollar. 2b2t

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)