The structure has prevented the executive branch from having any real power. The structure has allowed the judicial branch to exercise executive powers.
Compared in size to the other continents of the world (South America, North America, Australia, Antarctica, Asia and Africa), Europe is the second smallest contintent, only Australia is smaller.
It has a size of 10.180.000 km2, while Australia has a size of 8.600.000 km2, Antarctica is 14.000.000 km2 large, South America has a size of 17.840.000 km2, North America 24.709.000 km2, Africa is 30.370.000 km2 large, and Asia is the biggest continent having 44.579.000 km2.
The true statement is that: <em>There is an inverse relationship between the </em><em>quantity of money</em><em> demanded and the </em><em>interest rate.</em>
In economics, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
An interest rate can be defined as an amount of money that is charged as a percentage of the total amount borrowed by a borrower from a creditor or financial institution.
On a related note, there exist an inverse relationship between the quantity of money demanded by a borrower and the interest rate charged by a creditor or lender. Thus, when the interest rate is high, the quantity of money demanded decreases (falls) while the quantity of money demanded increases (rises) when the interest rate is low.
<em>In conclusion, borrowers are more likely to demand for</em><em> money</em><em> when the </em><em>interest rate</em><em> is low and vice-versa.</em>
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