- If a currency is free-floating, its exchange rate is allowed to vary against that of other currencies and is determined by the market forces of supply and demand. Exchange rates for such currencies are likely to change almost constantly as quoted on financial markets, mainly by banks, around the world.
To set it, it's mostly the exchange rates will be set on an open foreign exchange market.
Answer:
Shoreline structures are built to alter the effects of ocean waves, currents and to protect sand
Answer:
B) A high literacy rate increases the standard of living.
Explanation:
The literacy rate shows how many people are able to read, write, and comprehend the written material. The literacy rate of the country depends a lot on the standard of living. Those who are not literate can’t peruse high education and find a well-paid job, so they are most likely to live in poverty.
It also prevents the country to have more people working jobs that better the living standard such as professors, doctors, economists, scientists, etc. These jobs are vital to the country's development. If people are not educated, they can’t add up to the growth of the country and its economy. Therefore, <u>the standard of life will be lower when there are more illiterate people, and higher when the literacy rate is high. </u>