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OlgaM077 [116]
2 years ago
7

A dilemma challenging the existing structure of the European Central Bank​ (ECB) has been brought on​ by: Part 2

Business
1 answer:
bearhunter [10]2 years ago
5 0

defining and implementing monetary policy. conducting foreign exchange operations. holding and managing the euro area's foreign currency reserves. promoting the smooth operation of payment systems.

<h3>What is foreign currency reserves?</h3>

Foreign Exchange Reserves are cash and other reserve assets, such as gold, held by a central bank or other monetary authority and used primarily to balance a country's accounts, influence the foreign exchange rate of its currency, and maintain financial market confidence.

Foreign exchange reserves are a country's emergency funds in the event of an emergency, such as a rapid depreciation of its currency. Countries use foreign currency reserves to maintain a fixed rate of value, maintain competitively priced exports, remain liquid in the event of a crisis, and provide investors with confidence.

To know more about foreign currency reserves follow the link:

brainly.com/question/25812353

#SPJ4

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Answer:

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Rent, salary, and other operating expenses are considered explicit costs. They are all recorded within a firm's financial statements, meaning they are present and clearly shown or reported as a separate cost. The main difference between the two types of costs is that implicit costs are opportunity costs, meaning that it is present but it is not initially shown or reported as a separate cost, while explicit costs are expenses paid with a company's own tangible assets. In other words, explicit costs are always shown, implicit costs are not, at least initially, exactly like the meaning words suggest.

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