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Law Incorporation [45]
2 years ago
8

Why might a country choose to devalue its currency? to please its trading partners to encourage exports to encourage imports to

reduce taxes
Business
2 answers:
Marina86 [1]2 years ago
7 0

Answer:

B) to encourge exports

Explanation:

edge

Hatshy [7]2 years ago
6 0

The major reason a country might choose to devalue its currency is to encourage exports.

<h3>What do you mean by Devaluation?</h3>

Devaluation refers to the downward movement in the value of the country's currency. The government that issues the currency has the power to devalue its currency.

Devaluating the currency reduces the cost of a country's exports and reduces trade deficits. For encouraging exports, a country chooses to devalue the currency.

Therefore, B is the correct option.

Learn more about Devaluation here:

brainly.com/question/15293218

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Interest earned on a savings account is _____.
kondor19780726 [428]

Correct
b. the percentage a financial institution pays you to borrow your money
7 0
2 years ago
The median age for u.s. blacks currently is 30.9 years; for u.s. whites it is 42.3 years. (a) based upon this information, give
Marrrta [24]

There are quite a few reasons that this difference could be observed. The lower black median age could be connected to the greater number of births in the black minority group than in the whites. Another reason could be the aging of the non-Hispanic white group to a post child-bearing age and consequently the general aging of this subgroup of the population. In general, differences in group medians are due to the distribution of ages and the observed range of the ages in the two dissimilar population groups.

7 0
3 years ago
Who are risk takers in search of profits
AlekseyPX

Answer:

entrepreneurs

Explanation:

4 0
3 years ago
A student has inherited $50,000. If it is placed in asavings account that earns 3% interest, how much isin the account in 30 yea
taurus [48]

Answer:

$121,363

Explanation:

The amount in 30 years is known as the Future Value (FV) . We arrive at this figure by compounding the Present Value using the interest earned on the savings as follows :

PV =  $50,000

P/yr = 1

N = 30

PMT = $ 0

i = 3 %

FV = ?

Using a Financial calculator to enter the amounts as shown above, the FV can be determined as $121,363

8 0
3 years ago
"Suppose you wish to have $5,500 in 18 years. Use the present value formula to find how much you should invest now at 6% interes
Irina-Kira [14]

Answer:

The amount of investment should be $1926.891 approximately

<u>Explanation:</u>

The following formula has been used to calculate the amount of investment

A = P(1+r/100) ^n

where: A = future value , P = present value , R = rate of interest , N = time period

Hence , applying the formula, we get,

$5500 = P (1+6/100) ^18

Hence P=$5500/ (1.06) ^18

=$1926.891(approx)

7 0
3 years ago
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