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pentagon [3]
2 years ago
12

Suppose interest rates in the UK fall. This will affect the side of the foreign exchange market and cause exchange rates to

Business
1 answer:
maw [93]2 years ago
5 0

A fall in the interest rates in the UK, would cause the exchange rate of the UK to decline.

<h3>What is the impact of a fall in interest rate on exchange rate?</h3>

Exchange rate is the rate at which one currency is exchanged for another currency. Interest rate is the return earned by investors for allowing business owners use their funds.

When interest rate declines, the return earned by investors would fall. This would discourage investors from investing. This would lead to a decline in the demand for the UK currency. This would depress the exchange rate.

To learn more about exchange rate, please check: brainly.com/question/25780725

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Option A is the correct answer to this question.

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Which type of light is primarily used as a light source in stores?
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Rider Company is in the process of preparing it closing entries. It first closes its revenue accounts by crediting the Income Su
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B. Debit Income summary                  Debit              $ 23,000

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The closing entries are recorded to close the current year's income statement  to the retained earnings account,

According to the data in the question, the revenue is closed to the credit of the income Summary  of $ 68,000 and the expenses are closed to the debit of the Income Summary of $ 45,000. This leaves a credit balance of $ 23,000 in the income summary account which is closed by debiting the income summary account and crediting the retained earnings account.

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