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Describe how exchange rate is expressed in some nation
In some nations, exchange rate is expressed using home currency as base currency. In UK for instance, Danish exchange rate would be expressed as 9.2 DKK/GBP. Hence, you have to invert exchange rate if you want to figure out how much one unit of a foreign currency costs in UK. This method is known as the indirect method of specifying exchange rate and notation is sometimes termed as British notation.
It is reported that 16% of American households use a cell phone exclusively for their telephone service. In a sample of eight households, find the probability that: A) None use a c
Need answers for problems after chapters 10, 11 & 12 for Macroeconomics in Aplia.com. Need today or tomorrow. Can you help?
Question 1 How was the Classical Theory of interest role criticized by Keynes? Question 2 Discuss the barter system that was used in early times in lieu of money Question
No indifference curve can intersect due to all points on indifference curve are ranked equally preferred and ranked or less more preferred than each other point on the curve.
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Crowding out is associated with: A. an increase in business investment resulting from an increase in government borrowing and higher interest rates. B. an increase in private savin
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