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LenKa [72]
4 years ago
7

The value of Surnum's, a developing economy, currency is fixed relative to the U.S. dollar. The exchange rate between the Surnum

currency and other currencies is determined by the dollar exchange rate. Surnum's exchange rate is
Business
1 answer:
Verizon [17]4 years ago
4 0

Answer:

Surnum's exchange rate is pegged.

Explanation:

Exchange rate is the rate at which a countrie's currency is exchanged for another. Usually when there is more demand for a countrie's currency it will have more value than other currencies and vice versa.

There are two ways a countrie's currency rate can be controlled in relation to others.

First is by market forces of demand and supply.

Secondly is by pegging the countrie's currency against another and using reserves of the other currency to account for market fluctuations.

In this instance Surnum has pegged it's currency against the dollar, so it will use its dollar reserves to account for fluctuations in order to maintain the pegged exchange rate.

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You made an error when you filed your tax return last year. You can correct this error by filing Form________
castortr0y [4]

Answer:

1040X

Explanation:

Form 1040X should be filled to make any amendments in the returns filed incorrectly. It is similar to Form 1040 with additional columns. It has additional columns, first column (A) where incorrect value is put, net change is put in the second column (B) and in the final column (C), correct amount is put. After recalculation, if a taxpayer owes additional tax, then 1040X should be filed by the due date. In case of refunds, 1040X can be filed within 3 years after the original returns were filed or 2 years from original tax paid.

4 0
4 years ago
In a certain grocery store, strawberries cost $4.32 per pound ( 4.32 dollars/lb ). what is the cost per ounce? express your answ
Katyanochek1 [597]

Using unit conversion, the price of strawberries is $0.27 per ounce.

The conversion of measurement unit is the process of converting different units of measurement for the same quantity, using the multiplicative conversion factors that change the measured quantity value without changing its effects.

Common units for weight and their shorthand are:

- Pound (lb)

- Ounce (oz)

- Kilogram (kg)

- Gram (gm)

The conversion factors:

1 lb  =  16 oz  =  0.45 kg =  453gm

1 oz  =  0.063 lb  =  0.03 kg =  28 gm

1 kg  =  2.2 lb =  35 oz

1 gm = 0.001kg = 0.04 oz

Information from the problem:

The strawberries cost:

$4.32 per pound = $4.32 per 16 oz

                            = $4.32/16 per oz

                            = $0.27 per oz

Read more about unit conversion here:

brainly.com/question/4158962

#SPJ4

5 0
2 years ago
If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500.
Alisiya [41]

Answer: False

Explanation: interest= Prt

7 0
3 years ago
Workers typically get dirty if they work at a job site for O both the Construction and Design pathways. both the Construction an
Galina-37 [17]

Answer: I think it'd be B.

Explanation: I don't know for sure but it seems like it would be B.

3 0
3 years ago
Read 2 more answers
Target's liabilities exceed owners' equity.<br> a) true<br> b) false
Likurg_2 [28]

Answer: True

Explanation:

As of February 2020, Target Corp's total liabilities were listed to be $30,946,000,000 while its shareholder equity was significantly lower at $11,833,000,000.

Target Corp therefore does indeed have liabilities that exceed owners equity and by a substantial amount. This has also been the trend since at least 2015.

4 0
3 years ago
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