Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. What do you mean by Exchange rate?
Exchange rate is defined as the price of one unit of currency in terms of another currency. If one euro costs 1.5 USD then 1 USD costs 1/1.5 = 0.667 euro. If exchange rate is stated in terms of euro (for instance 1.5 USD/euro) then euro is known as the base currency or unit currency.
In most countries, exchange rate is expressed using foreign currency as the base currency. For instance in Denmark, USD exchange rate would be expressed as 4.8 Danish kronor (DKK) per USD whereas, in the U.S., same exchange rate would be expressed as 0.208 USD/DKK (or 20.8 USD/100DKK). This way of specifying the exchange rate is known as the direct method as you can immediately figure out how much you have to pay for one unit of a foreign currency.
In a number of countries, exchange rate is expressed using home currency as the base currency. In the UK for instance, Danish exchange rate would be expressed as 9.2 DKK/GBP. So you have to invert the exchange rate if you want to figure out how much one unit of a foreign currency costs in the UK. This method is known as the indirect method of specifying the exchange rate and notation is occasionallytermed as British notation.
Hello, how to cure inflation, particularly addressing rising food prices thanks Gedanken
Climate and terrain in several South American countries are conducive to growing coffee efficiently. While other countries can grow coffee, they are not as efficient and effective
economic issues
A change in government purchases of goods and services results in a change in real GDP equal to $200 million. Assume the absence of taxes, international trade, and changes in the a
When single business or corporation dominates its area and squeezes out all its competition, the result is the consumer does not have a open choice, and inevitably, the price of it
An economy's IS and LM curves are given by the following equations: with Y indicating output (income), c indicating the marginal propensity to consume, I investment, G gove
) Consider an economy where individuals live for 2 periods and have prefer- ences represented by ln(c) + ß ln(c') where c and c' represent consumption in the first and second perio
Due to the recent downturn in economic activity, Taz, has seen his hours at work reduced. He used to work 30 hours a week at $13 and hour, but now he works 22 hours. Due to this
Q. What is Inflation? Inflation between two points in time is defined as percentage increase of price index between these two points in time. Comments: Price inde
Discuss what policy changes he might be likely to propose with respect the issue that you identified as one about which he might be concerned.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd