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AnnZ [28]
3 years ago
12

Mariah Dover cashed her $100 traveler's check in Riga, the capital of Latvia. At the current _____ rate, she received $61.82 in

Latvian currency from the bank teller who took her traveler’s check.
Business
1 answer:
zhannawk [14.2K]3 years ago
4 0

Answer:

current floating exchange rate

Explanation:

Exchange rate is the rate at which one currency will be exchanged with another. For example, 1 United States Dollar is equivalent to 4.24 Poland Zloty as of March 2020.

There are two common types of exchange rates:

1. Floating exchange rate: This is set by the FOREX market, and is based on the current supply and demand of currencies. When demand for a currency is high, its value increases and vice versa.

2. Fixed exchange rate: A fixed or pegged exchange rate is whereby a government entirely determines the rate and value of the currency.

Generally, a floating exchange rate system is used in the global market. This does not mean countries allow their currencies to fluctuate endlessly. The central bank of a country and it's government does intervene and manipulate the currency to make it favorable for them during international trade but it is done in a more indirect manner as opposed to a fixed exchange rate system.

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Which of the following changes would bring the U.S. capital stock, currently below the Golden Rule level, closer to the steady-s
Vlada [557]

Answer:

The answer is increasing the saving rate

Explanation:

Increasing the saving rate.

4 0
3 years ago
In a condominium, who is responsible for maintaining the internal systems of an individual unit?A. The condominium associationB.
lions [1.4K]

Answer:

<em>C. The individual unit owner</em>

Explanation:

Based on what you actually own, your maintenance responsibilities for the property – and therefore your repair costs, and so on – will vary.

Normally, a unit owner is made responsible for managing all that is a part of his unit system.

For instance, if you identify a "unit" in your condominium complex to include the outside shutters on your windows, it will be your responsibility to maintain that.

If they collapse off from each other a few years after you move in, you probably won't be able to get help from the home owners association (excluding proof that they were defective at first).

5 0
3 years ago
What area of expense is best to target when looking for possible ways to cut back on spending
jarptica [38.1K]

Answer:

If we are talking about corporate spending, then it's best to cut overhead costs, because direct labor or direct materials are harder to cut since a cut in these areas would cause a reduction in output production.

If we are talking about personal spending, then, it's best to cut sumptuary expenses like eating out, or taking expensive vacations. Utilities, rent, and debt are harder to cut.

3 0
2 years ago
Jonathan has always been interested in computers. He consistently reads computer magazines, attends various seminars on computer
SashulF [63]

Answer:

The correct answer is:  Ongoing Search.

Explanation:

Ongoing Search is the act by which an individual gathers information about certain topics because the search itself is pleasurable for that person. This type of search is not usually carried out with the intention of getting revenues from it but it could lead the individual to get more knowledge on a certain matter.

6 0
3 years ago
Can someone please help me
Fittoniya [83]

Answer: The answer would be $536.73

Explanation: Add up all the deduction amounts which will equal to 198.51, take away that amount from the 735.24 he earned and it will give you your answer of $536.73.

4 0
3 years ago
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